Page 47 - ETIHAD CREDIT INSURANCE PR REPORT - JUNE 2025

Mustafa Al Khalfawi, CEO of Ajman Bank, said: “We are proud to be part of the ‘Xport Xponential’

programme in collaboration with Etihad Credit Insurance, which represents a significant milestone
in empowering SMEs to access new growth frontiers. Our participation reflects Ajman Bank’s
unwavering commitment to supporting the UAE’s national agenda, particularly Ajman Vision 2030

and We the UAE 2031, by providing Sharia-compliant financing solutions that enable local

businesses to scale internationally. The AED 174 million in funding collectively raised through this
initiative is a powerful testament to the strength of public-private sector collaboration. We will

continue to build on this momentum by enabling innovative trade finance and expanding our role as
a catalyst for sustainable economic development.”

Mohammed Wassim Khayata, CEO of Al Maryah Community Bank, commented: “We are proud to
partner with Etihad Credit Insurance on the ‘Xport Xponential’ programme, which represents a

significant milestone in empowering the UAE’s SMEs to access global markets with confidence. At
Al Maryah Community Bank, we are committed to offering fully digital, fast, and innovative

financing solutions that simplify exporters’ daily operations and enhance their global
competitiveness.

This initiative not only aligns with the UAE’s vision to diversify its economy and boost non-oil
exports but also opens new opportunities for local businesses in vital sectors to thrive

internationally. We look forward to continuing our collaboration with ECI to ensure that
manufacturers and exporters are equipped with the tools, knowledge, and capital they need to

scale beyond borders.”
The ‘Xport Xponential’ programme was launched to fulfil the dual objectives of catalysing SMEs’

global expansion and driving SME financing with the help of partner banks. It was introduced during
the third edition of ‘Make It in the Emirates’ (MIITE), held in May 2024, with the aim of accelerating

the global expansion of UAE-based SMEs by offering financial support and ensuring their export
readiness through innovative trade finance and credit insurance solutions.

As many as 42 companies applied for the programme, out of which 10 were shortlisted based on
rigorous evaluation criteria. These companies have collectively generated AED 2.1 billion in

turnover to date and are now targeting expansion into four key markets—Indonesia, India, Saudi

Arabia, and Oman—with a combined export potential of AED 31.3 billion over the next four years
across ten vital sectors. Implemented in collaboration with 19 strategic partners, the programme
exemplifies ECI’s role in driving sustainable economic growth by connecting businesses with

international opportunities and tailored trade finance solutions.

https://www.wam.ae/en/article/bkd5irz-etihad-credit-insurance-announces-aed-174-million