Page 114 - ETIHAD CREDIT INSURANCE PR REPORT - MAY 2024 (International)

21 agreements with government export credit agencies.

ECI's commitment to supporting clients beyond credit insurance is demonstrated

by the company's handling of overdue payments, resulting in collection of AED
82 million. It showcases ECI's contributions to facilitating financial access for

UAE exporters, with over AED 1.8 billion worth of credit cover provided.

ECI has given a credit cover of AED 4.7 billion to UAE's industrial sector with

AED 1.4 billion in 2023, in line with the partnership with Ministry of Industry and
Advanced Technology (MoIAT).

It further highlighted ECI's commitment of USD 500 million to boost Africa's clean

energy transition as part of the UAE's USD 4.5 billion Africa Green Investment

initiative. The company supported clients with management of late payments
worth AED 415 million, with recovery of AED 353 million or 83 per cent.

ECI-backed trade finance lending crossed AED 1 billion in the first year of a
partnership with DP World Trade Finance. It aims to broaden SME access to

trade finance by mitigating the potential risks. ECI's plans to leverage the UAE's

Comprehensive Economic Partnership Agreements (CEPAs) to enhance trade
and strengthen commercial relations.

Read the full story here: https://www.24-7pressrelease.com/press-

release/511094/etihad-credit-insurance-records-21-fold-growth-in-gross-

exposure-by-end-of-2023-to-reach-aed-96-billion-in-5-years

Press Release Distributed by 24-7Pressrelease.com

https://smb.vicksburgpost.com/article/Etihad-Credit-Insurance-records-21-fold-growth-in-gross-
exposure-by-end-of-2023-to-reach-AED-96-billion-in-5-
years?storyId=664eeb7b1f8d070008eac2dc