Page 264 - ETIHAD CREDIT INSURANCE PR REPORT - MAY 2024 (International)

6/4/24, 4:42 PM Etihad Credit Insurance records 21-fold growth in gross exposure by end of 2023 to reach AED 9.6 billion in 5 years | Cleveland Pulse

ETIHAD CREDIT INSURANCE RECORDS 21-FOLD GROWTH IN
GROSS EXPOSURE BY END OF 2023 TO REACH AED 9.6 BILLION

IN 5 YEARS

May 23, 2024 | Business

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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