Page 73 - ETIHAD CREDIT INSURANCE PR REPORT - MAY 2024 (International)

6/4/24, 4:26 PM Tech Archives | Grit Daily News
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.

https://pr.gritdaily.com/article/Etihad-Credit-Insurance-records-21-fold-growth-in-gross-exposure-by-end-of-2023-to-reach-AED-96-billion-in-5-years?st… 2/2