Page 133 - ECI PR REPORT JANUARY 2025

1/13/25, 8:41 AM ECI and Al Maryah Community Bank sign MoU to elevate ‘Xport Xponential’ initiative and drive economic growth

ECI and Al Maryah Community Bank sign MoU

to elevate ‘Xport Xponential’ initiative and drive

economic growth

Date Share on Facebook Tweet on Twitter
1/12/2025 6:05:18 AM

(MENAFN- Orient Planet Group) 09 January 2025 - 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.”
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.

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