DUBAI, United Arab Emirates – July 7, 2026 – A team from global law firm Greenberg Traurig acted as United Arab Emirates (UAE) and English law counsel to The National Bank of Ras Al-Khaimah (P.S.C.) (RAKBANK) in connection with the update of its US$2 billion Euro Medium Term Note (EMTN) Programme and its issuance of US$600 million 5.375% Notes due 2031.
RAKBANK successfully updated its US$2 billion EMTN Programme and issued US$600 million 5.375% Notes due 2031. The issuance was undertaken as part of the bank's ongoing funding strategy and further demonstrates its continued access to the international debt capital markets. The programme is listed on the Global Exchange Market of Euronext Dublin.
The US$600 million Notes due 2031 were issued under the updated programme, which is listed on Euronext Dublin’s Global Exchange Market. The transaction advances RAKBANK's funding diversification objectives and further reinforces its continued access to a broad base of international institutional investors.
RAKBANK was founded in 1976 and is one of the UAE’s oldest and most established banks. Headquartered in Ras Al-Khaimah and regulated by the Central Bank of the UAE, RAKBANK provides a broad range of personal, business, and wholesale banking services across the UAE. The bank maintains strong credit ratings, including a Baa1 rating from Moody’s with a stable outlook and a BBB+ rating from Fitch Ratings, also with a stable outlook, reflecting the strength of its financial position, robust liquidity profile, and prudent management.
The team from Greenberg Traurig’s Dubai and London offices was led by Capital Markets Shareholder Alex Roussos, Senior Associate James Osun-Sanmi, Practice Group Attorney Katie Phillips, Associate Olga Efstathiou, and Paralegal Oshin Maheshwari.
Greenberg Traurig launched in the Middle East in 2023 with offices in Riyadh and Dubai. Since then, the firm has been growing steadily in the region, adding an office in Abu Dhabi in 2025 and planting key roots in the industries and business sectors most active in the Middle East, including real estate, infrastructure and transportation, energy and natural resources, hospitality, finance and restructuring, mergers and acquisitions, private equity, private credit, sports and entertainment — including venue, talent, entertainment, licensing, and other needs — capital markets, and arbitrations and disputes.
Greenberg Traurig’s Dubai office is operated by Greenberg Traurig Limited. Greenberg Traurig’s Riyadh office is operated by Greenberg Traurig through Greenberg Traurig Khalid Al-Thebity.