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6/30/25, 9:06 AM Etihad Credit Insurance announces Dhs174m funding raised for SMEs

Etihad Credit Insurance announces Dhs174m funding raised for SMEs

Last updated: June 25, 2025 | 20:43

Abdulla Bin Touq Al Marri with other officials at the event in Dubai.

Staff Reporter, Gulf Today

Etihad Credit Insurance (ECI), the UAE’s federal export credit company, announced the impact of its ‘Xport Xponential’
programme, which has helped raise Dhs 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 Dhs 800 billion and expand foreign
trade volume to Dhs 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 Dhs 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.”

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