Page 161 - ETIHAD CREDIT INSURANCE PR REPORT - MAY 2024 (International)

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Etihad Credit

Insurance

records 21-fold

growth in gross

exposure by end

of 2023 to reach

AED 9.6 billion

in 5 years

24-7 Press Release Newswire
Thursday, May 23, 2024 at 11:00am GMT+4

DUBAI, UAE, May 23, 2024 /24-7PressRelease/ -- Etihad Credit Insurance (ECI), the UAE

Federal export credit company, unveiled its growth trajectory in its annual report for 2023. With a
gross exposure of AED 9.6 billion, ECI experienced a 21-fold increase compared to 2019.

H.E. Abdulla Bin Touq Al Marri, Minister of Economy and Chairman of ECI Board of Directors,

said: "Under the guidance of our wise leadership, the UAE achieved regional and international
success, becoming a leading hub for trade and investment. Emphasising emerging industries and
SMEs, we are diversifying our economy according to the 'We the UAE 2031' vision. ECI's

financial and strategic support contributes to the 2030 Agenda for Sustainable Development."

H.E. Raja Al Mazrouei, Chief Executive Officer of ECI, said: "We provide innovative credit
solutions, easy financial access, expert market insights, and nurture strategic collaborations. Our

dedication to UAE exporters is reflected by the 25 per cent increase in policies issued. Our
primary aim is to expand ECI's services to strengthen national exports."

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