Page 151 - 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 - Middle East New…
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 theUAE’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

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