Page 44 - ETIHAD CREDIT INSURANCE PR REPORT - MAY 2024 (International)

6/4/24, 4:24 PM Etihad Credit Insurance records 21-fold growth in gross exposure by end of 2023 to reach AED 9.6 billion in 5 years | Daily Penny A…
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."

ECI's supported UAE exporters across 17 sectors in 110

countries, amounting to a non-oil trade and investment of AED

14 billion in 2023. This was facilitated by 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

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