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1/10/25, 8:55 AM ECI and Al Maryah Community Bank sign MoU to elevate ‘Xport Xponential’ initiative and drive economic growth - Middle East Busi…
ECI and Al Maryah Community Bank

sign MoU to elevate ‘Xport Xponential’

initiative and drive economic growth

January 9, 2025 12

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

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