Page 17 - ECI PR REPORT JANUARY 2025

Press Release

In a step towards expanding its network of strategic alliances

Etihad Credit Insurance announces the joining of

Reem Finance to “Xport Xponential” Program

partners

23 January 2025: Etihad Credit Insurance (ECI), the UAE’s federal export credit company, has
announced the joining of Reem Finance, a leading company in the UAE’s financial services
industry, to the strategic network of its Xport Xponential program partners.

This collaboration, formalised through the signing of a Memorandum of Understanding (MoU)
between H.E. Raja Al Mazrouei, CEO of ECI, and Seraj Tariq Faidi, CEO of Reem Finance, is set
to provide UAE businesses with enhanced financial solutions to fuel their international trade
ambitions and drive sustainable growth. This partnership will further strengthen the Xport
Xponential initiative, introduced by ECI last year to bolster UAE-based businesses’ export, re-
export and international trade operations, supporting economic diversification, sustainability and
resilience.

H.E. Al Mazrouei emphasised ECI’s continuous efforts to expand its strategic partnerships
through the Xport Xponential initiative, which seeks to boost the efficiency of company’s credit
support tools and help them access a wider range of international and regional markets.

H.E. Al Mazrouei added: “We are pleased to partner with Reem Finance through the Xport
Xponential initiative, which highlights our shared commitment to enhancing bilateral
collaboration and empowering a diverse range of clients. At ECI, we are focused on strengthening
our partnerships and developing a comprehensive credit solutions framework that assists UAE
companies in expanding into both regional and global markets. Additionally, we aim to support
non-oil national exports, which are vital to the economy. This effort contributes to the national
goal of raising the country’s non-oil exports to AED 800 billion by the next decade, in alignment
with the ‘We the UAE 2031’ vision.”

Seraj Tariq Faidi, CEO of Reem Finance, said, “We are proud to join the Xport Xponential
initiative as a strategic partner. We believe that this partnership will play a vital role in enhancing
the capacities of UAE companies by offering innovative financing solutions to expand into global