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RAK Petroleum is a Public Company Limited (PCL) formed in 2005 in the Free Trade Zone of Ras Al Khaimah in the United Arab Emirates. The Company has been funded by an initial capital of AED 3 billion (US $820 million), raised by private placement. Its shares are closely held by public entities and individuals in the United Arab Emirates and Saudi Arabia. Strong roots are essential for sustained growth. Inspired by the vision of His Highness Sheikh Saud bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah, RAK Petroleum has a solid foundation, resolute political patronage, access to tremendous financial resources and is strategically situated in the heart of the world’s most prolific oil and gas provinces. |
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