Page 14 - ETIHAD CREDIT INSURANCE PR REPORT - JUNE 2025

Press release

In a ceremony held under the patronage of H.E. Abdulla Bin Touq
Etihad Credit Insurance announces AED 174 million funding raised for
SME growth in partnership with four leading banks

Dubai, United Arab Emirates - June 25, 2025: Etihad Credit Insurance (ECI), the UAE’s federal
export credit company, announced the impact of its ‘Xport Xponential’ programme, which has
helped raise AED 174 million in funding to support the growth of SMEs, during the closing
ceremony of the programme. The working capital was raised with the support of four of ECI’s
banking partners: First Abu Dhabi Bank, Commercial Bank of Dubai, Ajman Bank, and Al Maryah
Community Bank. ECI also remains committed to securing similar funding and capital for SMEs
in collaboration with its other banking partners.

The programme’s closing ceremony was held under the patronage of H.E. Abdulla Bin Touq
Al Marri, the Minister of Economy and Chairman of the Board of Directors of Etihad Credit
Insurance. The event aligns with the Ministry’s mission to develop a flexible future economy
and robust entrepreneurial ecosystem by facilitating investment and talent attraction.

H.E. Bin Touq stated: “The ‘Xport Xponential’ programme plays a pivotal role in advancing
the UAE’s ongoing efforts to increase the contribution of small and medium-sized enterprises
to the country’s non-oil GDP. It also directly supports the objectives of the ‘We the UAE 2031’
national strategy, which aims to increase non-oil exports to AED 800 billion and expand foreign
trade volume to AED 4 trillion by the next decade. Moreover, with export and re-export
activities between the UAE and countries with which we have Comprehensive Economic
Partnership Agreements (CEPA), already exceeding AED 390.5 billion, the initiative leverages
existing trade momentum to help SMEs unlock the untapped potential of these markets,
particularly as the UAE continues to expand its economic and trade partnerships with key
strategic markets worldwide.”

On her part, H.E. Raja Al Mazrouei, CEO of Etihad Credit Insurance, highlighted ECI’s role
in empowering UAE-based businesses to compete on a global level. Her Excellency stated
that ‘Xport Xponential’ serves as a dynamic platform for local businesses and potential
importers to connect. H.E. Al Mazrouei further stated that the programme identifies high-
potential export markets for a wide range of products, allowing small businesses to expand
globally with greater ease and confidence.

Her Excellency added: “ECI’s ‘Xport Xponential’ programme aligns with the UAE’s strategic
vision to diversify its revenue sources away from oil. It offers integrated financial and insurance
solutions, particularly to SMEs, enabling them to scale internationally, while mitigating major
export-related risks.”

Futoon Hamdan AlMazrouei, Group Head of Personal, Business, Wealth and Privileged
Client Banking Group at First Abu Dhabi Bank (FAB) said: “First Abu Dhabi Bank is
pleased to be a banking partner of “ECI’s Xport Xponential programme”, an initiative that
reflects the UAE’s strategic vision for economic diversification and sustainable growth. We are