Page 148 - ECI PR REPORT JANUARY 2025

1/10/25, 8:56 AM ECI And Al Maryah Community Bank Sign Mou To Elevate 'Xport Xponential' Initiative And Drive Economic Growth
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.

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

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