Page 68 - ETIHAD CREDIT INSURANCE PR REPORT - JUNE 2025

6/26/25, 8:41 AM Etihad Credit Insurance announces AED 174 million funding raised for SME growth in partnership with four leading banks - Middle …
opportunities for businesses across the Emirates, building on the significant momentum already
achieved.”

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.

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