Page 129 - ECI PR REPORT JANUARY 2025

1/13/25, 8:40 AM ECI and Al Maryah Community Bank sign MoU to elevate ‘Xport Xponential’ initiative and drive economic growth | Web Release

BUSINESS AND ECONO…

ECI And Al Maryah Community Bank Sign MoU To Elevate ‘Xport

Xponential’ Initiative And Drive Economic Growth

By Editor_wr On Jan 10, 2025

Share

Etihad Credit Insurance (ECI), the UAE’s Federal Export Credit Company, signed a Memorandum of Understanding

(MoU) with Al Maryah Community Bank, the country’s first local digital bank licensed by the Central Bank of the
UAE (CBUAE). The agreement positions the bank as a key partner of ECI’s ‘Xport Xponential,’ an initiative

designed to enhance the potential of UAE manufacturers and exporters, strengthen the national economy, and
diversify the country’s resources.

H.E. Raja Al Mazrouei, CEO of ECI, said, “Our partnership with Al Maryah Community Bank marks a critical

milestone in supporting the Xport Xponential initiative, with regard to its role in driving the UAE’s economic
expansion and unveiling new growth avenues for UAE-based export and re-export businesses, empowering them to

seamlessly access international markets. We are pleased to have Al Maryah Community Bank as part of this
initiative and confident that our partnership will establish a comprehensive framework to enhance financing options
and broaden the customer base by offering innovative financial solutions as well as credit facilities.”

https://web-release.com/eci-and-al-maryah-community-bank-sign-mou-to-elevate-xport-xponential-initiative-and-drive-economic-growth/ 1/2