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11/6/24, 11:19 AM Etihad Credit Insurance signs two MoUs with Saudi Exim Bank, Credit Oman - GulfToday
Etihad Credit Insurance signs
two MoUs with Saudi Exim Bank,
Credit Oman
17 Oct 2024
Officials during the event. WAM
Etihad Credit Insurance (ECI) signed two Memorandums of Understanding with Saudi EXIM
Bank and Credit Oman during its participation in the Annual General Meeting of Berne Union,
in Hamburg, Germany.
The MoUs seek to strengthen regional partnerships and collaboration in a number of areas
related to insurance and risk management. This includes trade credit insurance (conventional
and Murabaha), which provides the UAE exporters with insurance against commercial and
non-commercial risks, along with insurance against individual buyer risks.
The cooperation also extends to supply risks, exports financing, debt sales, SME financing,
confirmation of letters of credit, and corporate finance.
In this regard, Raja Al Mazroui, CEO of ECI, highlighted how the new partnerships with Saudi
EXIM Bank and Credit Oman represent a leap forward in developing the export credit system
https://www.gulftoday.ae/business/2024/10/17/etihad-credit-insurance-signs-two-mous-with-saudi-exim-bank-credit-oman 1/2
