Page 76 - 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 …
economic diversification and global competitiveness of the UAE. We look forward to continuing our work
with ECI to unlock even greater 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.

Since the programme’s inception, ECI’s partnerships with government entities and banks have increased

by 27 per cent, reflecting its role in nurturing a robust export-enablement ecosystem that connects the
public and private sectors under a unified vision. Partnerships with leading financial institutions have
helped facilitate consistent, reliable support and access to growth-oriented funding for UAE SMEs. ECI

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