Newly Established Radio Station Seeking Loan in Ras Al-Khaimah, United Arab Emirates

- The promoter behind the venture has prior experience in setting up three successful radio stations, including Channel 4FM, Emirates Radio 1, and Emirates Radio 2, which provides a strong foundation for the current undertaking.
- With the location in Ras Al-Khaimah, the business is positioned to attract sponsorship and advertising opportunities from prominent local entities such as RAK Bank, RAK Gas, RAK Ports, and RAK Properties, fostering potential revenue streams.
- As the first English language radio station in Ras Al-Khaimah, the business holds a unique market position, offering a valuable opportunity to capture the attention of the diverse population within the Northern Emirate of UAE.
- Due to the pending acquisition of the government license to officially launch, the station is currently not generating revenue and this is the reason we are seeking funding. - The business is a newly established English-language radio station located in Ras Al-Khaimah, UAE.
- The radio station has already initiated online streaming about 2 months ago, catering to a 24-hour broadcast schedule. The significant tangible assets owned include the radio station playout system and the intangible assets are the music and playout licenses. Currently operating completely remotely in Dubai and planning to shift to Ras Al Khaimah soon. The business is currently run by two shareholders who have a 50/50 ownership. There are no debts or liabilities as a part of the business.