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5/27/24, 4:19 PM        ECI records 21-fold growth in gross exposure by end-2023 to reach AED9.6 billion in 5 years | Emirates News Agency
                     The report stated that ECI’s global outreach efforts


                     resulted in the support of UAE exporters across 17


                     sectors in 110 countries, amounting to a non-oil trade


                     and investment of AED14 billion in 2023. This success


                     was facilitated by approximately 21 agreements signed


                     with government export credit agencies worldwide,



                     solidifying ECI’s position as a trusted partner for


                     international trade.


                     Additionally, the report highlighted ECI’s commitment to


                     supporting clients beyond credit insurance. This


                     commitment was demonstrated by the company’s


                     effective handling of overdue payments, leading to the


                     collection of AED82 million. It showcases ECI’s significant


                     contributions to facilitating access to financing for UAE


                     exporters, with over AED1.8 billion worth of credit


                     coverage provided to financial institutions over the past



                     five years. It also stated that ECI secured AA-


                     international rating by Fitch for the fifth consecutive


                     year, reflecting on the company’s ability to mitigate


                     potential risks and reiterating its strong presence in


                     global markets.








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