Page 37 - ETIHAD CREDIT INSURANCE PR REPORT - JUNE 2025

6/30/25, 7:55 AM Etihad Credit Insurance announces AED 174 million funding for SME growth in partnership with four leading banks - Eye of Riyadh
Etihad Credit Insurance announces AED 174 million funding for SME growth in partnership

with four leading banks

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 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.

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, Raja Al Mazrouei, CEO of Etihad Credit Insurance, highlighted ECI’s role in empowering UAE-based businesses to compete on a global
level. She stated that ‘Xport Xponential’ serves as a dynamic platform for local businesses and potential importers to connect. 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.

She 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.”
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