Page 17 - AAE PR REPORT - September 2024

Press Release

Etihad Credit Bureau Simplifies Company Credit Report

Purchase Through Al Ansari Exchange

UAE, September 09, 2024: Etihad Credit Bureau, the data technology federal entity that
simplifies information to reveal powerful insights, has announced a collaboration with Al Ansari
Exchange, the largest remittance and foreign exchange company in the UAE and a subsidiary of
Al Ansari Financial Services PJSC [DFM: ALANSARI].

This collaboration is designed to make it easier for UAE companies to access their Credit Reports.
Businesses can apply through the Etihad Credit Bureau’s website and then visit any of the 250+
conveniently located Al Ansari Exchange branches across the UAE to verify identity and receive
their credit reports via email. This streamlined process will make Etihad Credit Bureau products
available to all UAE registered companies without the need to travel to the Abu Dhabi or Dubai
branches of Etihad Credit Bureau.

A collaboration agreement was signed by H.E. Marwan Ahmad Lutfi, Director General of Etihad
Credit Bureau, and Mr. Rashed A. Al Ansari, CEO of Al Ansari Exchange, during a ceremony
attended by key executives from both organisations.

Commenting on this occasion, H.E. Marwan Ahmad Lutfi, Director General of Etihad
Credit Bureau, said: "As demand for companies needing access to credit surge, we have
simplified the process of purchasing a company credit report for all businesses across the UAE.
Now companies can apply for a company credit report online at Etihad Credit Bureau’s website
and then simply visit any Al Ansari Exchange branch to pay and obtain the credit report. This
further solidifies our position to continue providing seamless and frictionless digital services to
all customers.”

Rashed A. Al Ansari, CEO of Al Ansari Exchange, said: “Recognising the vital role of credit
reports, we are delighted to collaborate with the Etihad Credit Bureau to enhance accessibility for
UAE companies through our extensive network of branches. This partnership is poised to deliver
substantial benefits to businesses, fostering a more informed and efficient commercial landscape.
In alignment with our vision and our shared objective of enhancing the customer experience, this
strategic alliance provides unparalleled convenience, satisfaction, and value to businesses
operating in the UAE.”

Etihad Credit Bureau provides comprehensive Credit Reports and Credit Scores products for both
individuals and companies. The Credit Report includes detailed credit information, while the
Credit Score is a three-digit number that predicts the likelihood of an individual or company to
miss payments in the next 12 months. The Credit Score ranges from a minimum of 300 to a
maximum of 900 points.

-Ends-