Page 130 - 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
Mohammed Wassim Khayata, CEO of Al Maryah Community Bank, said, “We are proud to partner with Etihad
Credit Insurance through the ‘Xport Xponential’ initiative, facilitating the daily operations of exporters and re-

exporters and providing them with innovative, simple, fast, and fully digital financing solutions. This step boosts the
growth of UAE exports, supports their competitiveness, and creates new opportunities for exporters in key sectors

within the country, in line with the UAE Vision 2031. Through this partnership, we will facilitate these
businesses’ entry into global markets with more confidence than ever before. We promise to support manufacturers

and exporters and provide them with the tools, knowledge, and financing they need to succeed on an international
level.”

The partnership will open up an additional financial source for the UAE’s export and re-export companies, further

expanding the range of available credit solutions. This will also facilitate better access to markets within nations
participating in the Comprehensive Economic Partnership Agreements (CEPA) program. Moreover, the ‘Xport
Xponential’ initiative leverages strategic collaborations with regional partners from both public and private sectors to

offer companies a comprehensive suite of facilities and resources like innovative credit and financing solutions,
strategic consulting, guidance from export experts, and risk management strategies, as well as access to a database of

over 400 million global companies.

As a part of the agreement, Al Maryah Community Bank now joins the Xport Xponential’s partner list which
includes several notable federal and local entities, including the Abu Dhabi Department of Economic Development

(ADDED), Khalifa Fund for Enterprise Development (KFED), Department of Economy and Tourism in Dubai,
Dubai Airport Freezone (DAFZ), Sharjah Chamber of Commerce and Industry (SCCI), Ajman Economic

Development Department, Ras Al Khaimah Economic Zones (RAKEZ), and Fujairah Department of Industry and
Economy (IEDFUJ). The list also includes financial institutions such as the Emirates Development Bank (EDB),
Abu Dhabi Commercial Bank (ADCB), First Abu Dhabi Bank (FAB), Dubai Commercial Bank (CBD), Ajman

Bank, The National Bank of Ras Al Khaimah (RAKBANK), and Fujairah National Bank (NBF), International
Development Bank (IDB), and Wio Bank PJSC.

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