Page 99 - ECI PR REPORT JANUARY 2025

1/24/25, 8:55 AM ECI and Reem Finance Partner to Boost UAE Businesses via Xport Xponential Program
The Memorandum of Understanding (MoU) between H.E. Raja Al Mazrouei,

CEO of ECI, and Seraj Tariq Faidi, CEO of Reem Finance, sealed the partnership.

The alliance is aimed at providing UAE enterprises with sophisticated financial

solutions for international trade, feeding the growth of sustainability and the

internationalization of economic diversification. This partnership will strengthen

the Xport Xponential initiative, which was launched previously by ECI to enable

UAE companies in exporting, re-exporting, and engaging in international trade

more sustainably and resiliently.

H.E. Al Mazrouei reiterated the standing commitment of ECI to boost its

network of strategic partners through Xport Xponential. This program is

designed to enhance the efficacy of ECI’s credit support tools and broaden the

access of enterprises to regional and global markets. With the introduction of

Reem Finance as a partner, those businesses can more easily access the

financial markets and enter new markets with support from leading financial

institutions.

Reem Finance joins an ever-growing list of Xport Xponential partners including

federal and local entities-the Abu Dhabi Department of Economic

Development, Khalifa Fund for Enterprise Development, Dubai’s Department of

Economy and Tourism, Dubai Airport Freezone, Sharjah Chamber of Commerce

and Industry, Ajman Department of Economic Development, Ras Al Khaimah

Economic Zone (RAKEZ), and the Department of Industry and Economy –

Fujairah.

This initiative is supported by majorly the local and international lenders from

the Emirates Development Bank to Abu Dhabi Commercial Bank, First Abu

Dhabi Bank, Commercial Bank of Dubai, Ajman Bank, and the National Bank of

Ras Al Khaimah, in addition to Dubai-based banks like the National Bank of

Fujairah (IDB) as well as the Al Maryah Community Bank.

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