Page 520 - MOE ENGLISH PR - MAY 2024

5/27/24, 4:23 PM UAE: Etihad Credit Insurance Records 21-Fold Growth In Gross Exposure In 5 Years
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 Dh82 million.

It showcases ECI's significant contributions to facilitating access to financing for UAE
exporters, with over Dh1.8 billion worth of credit coverage provided to financial institutions

over the past five years. It also stated that ECI secured an 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.

Furthermore, the report stated that ECI has given a credit cover of Dh4.7 billion to UAE's
industrial sector, a key contributor to non-oil exports, with Dh1.4 billion committed in 2023

alone, enabling manufacturers' exports achievement and in line with the company's
partnership with the Ministry of Industry and Advanced Technology (MoIAT).

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