Page 39 - ETIHAD CREDIT INSURANCE PR REPORT

Page 39 - ETIHAD CREDIT INSURANCE PR REPORT - OCTOBER 2024

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11/6/24, 11:20 AM Etihad Credit Insurance signs two MoUs with Saudi Exim Bank and Credit Oman
OMR 486 million. Al-Harthy stated that Credit Oman's total insured sales to the UAE in the first half of
this year amounted to OMR 41.1 million, with a growth rate of 8.8 per cent compared to the same period
last year, which stood at OMR 38.6 million. Building and construction materials, valued at OMR 17.3
million, followed by the petrochemicals and plastics sector valued at OMR 12.6 million, and the food and

consumer goods sector valued at OMR 6.7 million, became the top three insured sectors.

The MoUs stipulate joint participation in conferences, meetings, and related activities, as well as the
organisation of seminars and workshops to highlight the advantages of trade protection solutions
against the risks of non-payment, with an emphasis on suggested solutions. They also specify the

submission of a report on market or country risks to highlight commercial risks associated with
international trade activities.

In line with the objectives and pillars of the ‘Saudi Vision 2030,’ which aims to raise the percentage of
non-oil exports to non-oil GDP, Saudi EXIM Bank offers competitively advantageous credit solutions for
export financing, guarantees, and export credit insurance. The bank's goal is to boost Saudi Arabia’s

non-oil exports and increase its competitiveness in global markets across various sectors. By bridging
financing gaps and lowering export risks, the bank aims to empower the Saudi non-oil economy and
enable its exports to reach global markets.

Since its establishment, ‘Credit Oman’ has played a pivotal role in facilitating domestic and export trade,

supporting economic development efforts in the Sultanate of Oman in line with the Oman Vision 2040. It
also provides comprehensive insurance solutions that empower Omani exporters and manufacturers to
sell their products with confidence and security, thereby enhancing the competitiveness of Omani
products in both local and global markets.

For further information, please contact:

Orient Planet Group (OPG)
Email: media@orientplanet.com
Website: www.orientplanet.com