Page 172 - MOE ENGLISH PR REPORT

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2/3/25, 2:56 PM Etihad Credit Insurance receives AA- rating with stable outlook from Fitch Ratings for seventh consecutive year - Middle East Busine…
the ‘We the UAE 2031’ initiative, which aims to increase the country’s GDP to AED 3 trillion by the next decade
and increase non-oil exports to AED 800 billion, the latest milestone highlights our national efforts to

strengthen the company’s crucial role in creating a competitive environment for exporters and importers, while
helping increase the momentum of export and re-export activities of UAE-based companies.”

Many factors have contributed to ECI’s latest milestone, including government support, especially as the UAE’s
federal export credit agency, coupled with its capital strength and the absence of any financial constraints.

Other key determinants also included the company’s robust reinsurance program, its unparalleled expertise in
the field, and the capacity to insure the risks associated with UAE foreign trade.

H.E. Raja Al Mazrouei, CEO of ECI, underlined that this rating is one of the highest rates offered by specialised
agencies, making it a new gauge of the company’s financial performance and risk tolerance strength. This

success, Her Excellency said, is the outcome of ECI’s strategic roadmap, which aims to increase the volume of
credit assistance provided to manufacturers and exporters. “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,” H.E. Al Mazrouei added.

Since its inception, Etihad Credit Insurance has played a crucial role in supporting the national economy and
non-oil foreign trade. By enabling local trade and manufacturing activities, empowering entities with tools to

protect against trade and political risks, reducing the cost of trade financing, facilitating project financing, and
allowing access to trade financing solutions and international markets, ECI continues to advance national
economic goals with its broad portfolio of comprehensive services.