Page 14 - 7X PR REPORT REPORT NOVEMBER 2024

PRESS RELEASE

7X collaborates with Etihad Credit Bureau to leverage
advanced credit reports

Dubai, UAE, 21 November 2024:

7X the trade, transport and logistics investment and holding group, signed a
memorandum of understanding (MoU) with Etihad Credit Bureau, the data
technology federal entity that simplifies information to reveal powerful insights, to
access the latter’s advanced credit data platform for assessing the credit
security and stability of businesses dealing with 7X and its subsidiaries. The
collaboration seamlessly aligns with the group’s commitment to integrate with
the UAE government’s robust service infrastructure, while adhering to best
practices.

The collaboration will further enable 7X and its subsidiaries to evaluate the
credit standing of potential business partners, ensuring their credit reliability.
This capability will enable the group to maintain its operations in line with the
highest standards.

The agreement was signed by H.E. Abdulla Mohammed Alashram, Group
CEO of 7X, and H.E. Marwan Ahmad Lutfi, Director General of Etihad
Credit Bureau, during a signing ceremony held at 7X headquarters, in the
presence of senior management representatives from both organisations.

H.E. Abdulla Mohammed Alashram said: “We are pleased to announce this
strategic partnership with Etihad Credit Bureau, reflecting our commitment to
integrating seamlessly with government services to enhance operational
efficiency and strengthen our position in trade, transport, and logistics. This
partnership marks an important milestone in our digital transformation journey,
reaffirming our dedication to innovation and excellence. At 7X, we value the
role of meaningful collaborations with public and private entities, and we look
forward to working closely with Etihad Credit Bureau to unlock new
opportunities for success and further elevate the UAE’s position on the global
stage.”

H.E. Marwan Ahmad Lutfi said: “We are pleased to partner with 7X, in line
with our vision to provide government entities with crucial credit information, to
strengthen their credit, collection, and auditing policies and frameworks. By
facilitating seamless digital integration, we aim to simplify access to credit
information, further enabling organisations to make well-informed and strategic
financial decisions.”

The agreement reflects both entities’ shared goal of advancing the UAE
leadership’s forward-thinking vision, thereby enhancing cooperation between
public and private sectors. Moreover, it seeks to foster a robust relationship
between both entities by leveraging a comprehensive network of innovative