Page 42 - ETIHAD CREDIT INSURANCE PR REPORT - OCTOBER 2024
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11/6/24, 11:20 AM Latest News
Etihad Credit Insurance signs two MoUs with
Saudi Exim Bank and Credit Oman
18/10/2024
On the sidelines of the Berne Union Annual General Meeting
17 October 2024: Etihad Credit Insurance (ECI), the UAE’s federal export credit company, signed two
Memorandums of Understanding (MoU) 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, Her Excellency Raja Al Mazroui, CEO of Etihad Credit Insurance (ECI), highlighted how the
new partnerships with Saudi EXIM Bank and Credit Oman represent a leap forward in developing the export
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