Page 38 - ECI PR REPORT JANUARY 2025

1/31/25, 5:05 PM Etihad Credit Insurance Achieves AA- Rating From Fitch Ratings - OneArabia

Raja Al Mazrouei, CEO of ECI, highlighted that this rating is among the highest given by specialised agencies. It serves as a benchmark for ECI's financial performance
and risk tolerance. She noted that "The AA-rating further helps ECI provide its services and solutions more effectively worldwide, boosts national export
competitiveness, and makes it easier for Emirati products to reach targeted global markets."

ECI's Role in National Economic Goals

Since its establishment, ECI has been pivotal in supporting the UAE economy and non-oil foreign trade. By facilitating local trade activities and providing tools against
trade risks, it reduces financing costs. This enables access to international markets while advancing national economic objectives through comprehensive services.

Aligned with the 'We the UAE 2031' initiative, which aims to boost GDP to AED 3 trillion by 2031, ECI plays a key role in creating a competitive environment for
exporters. The initiative also targets increasing non-oil exports to AED 800 billion. This milestone underscores efforts to enhance export activities for UAE-based
companies.

ECI continues to empower entities by offering protection against political risks and facilitating project financing. Its strategic roadmap aims to expand credit assistance
for manufacturers and exporters, further strengthening its impact on global market reach for Emirati products.

The alignment of ECI’s ratings with the UAE’s Long-Term IDR reflects robust economic policies aimed at fostering a dynamic economy ready for future challenges. This
alignment underscores strategic initiatives that bolster the nation's position as a global trade leader while ensuring sustainable growth across diverse sectors.

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