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6/30/25, 9:10 AM Etihad Credit Insurance Announces AED 174 Million Funding Raised For SME Growth In Partnership With Four Leading Banks

Etihad Credit Insurance Announces AED 174 Million Funding Raised For SME
Growth In Partnership With Four Leading Banks

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2025-06-25 08:45:10

(MENAFN- Mid-East Info) 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 H.E. 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.

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

Her Excellency 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.”
Finance consulting
Futoon Hamdan AlMazrouei, Group Head of Personal, Business, Wealth and Privileged Client Banking Group at First Abu Dhabi Bank (FAB) said:“First
Abu Dhabi Bank is pleased to be a banking partner of“ECI's Xport Xponential programme”, an initiative that reflects the UAE's strategic vision for economic
diversification and sustainable growth. We are strongly aligned with the Ministry of Economy's mission to foster a flexible, future-ready economy and a
vibrant entrepreneurial ecosystem by enabling investment and attracting top talent. By empowering SMEs with access to working capital and innovative
trade finance solutions, we are unlocking new opportunities for global growth. The programme strengthens the UAE's competitiveness and supports its
ambition to expand trade across strategic international markets.”
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