Page 237 - ETIHAD CREDIT INSURANCE PR REPORT - MAY 2024 (International)

6/4/24, 4:40 PM Small Business - Smithfield Times | Smithfield Times

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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