Page 135 - ECI PR REPORT JANUARY 2025

1/10/25, 8:54 AM Xport Xponential initiative gets further boost
Etihad Credit Insurance signs MoU with Al Maryah Community Bank to boost Xport Xponential
initiative
The partnership will open up an additional financial source for the UAE's export and re-
export companies

Xport Xponential is an initiative to enhance the potential of UAE manufacturers and exporters
Published: Thu 9 Jan 2025, 6:51 PM
Etihad Credit Insurance (ECI), the UAE’s federal export credit company, has 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.
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,” she added.
Read: 7X partners with Etihad Credit Bureau to leverage advanced credit reports
Mohammed Wassim Khayata, CEO of Al Maryah Community Bank, said: “This step boosts the
growth of UAE exports, supports their competitiveness, and creates new opportunities for exporters

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