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6/30/25, 9:11 AM Etihad Credit Insurance raises AED 174m for SME growth; listed banks partake - Mubasher Info

Etihad Credit Insurance raises AED 174m for SME growth; listed
banks partake

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25 June 2025 05:08 PM
UAE – Mubasher: The UAE’s federal export credit company Etihad Credit Insurance (ECI) has secured AED 174 million in funding to support the
growth of SMEs, as part of the impact of its Xport Xponential program, according to a press release.
Four of ECI’s banking partners were part of the fundraising process, including listed banks like First Abu Dhabi Bank (FAB), Commercial Bank of
Dubai (CBD), and Ajman Bank, in addition to the private lender Al Maryah Community Bank.
Abdulla Bin Touq Al Marri, the UAE Minister of Economy and Chairman of the Board of Directors of Etihad Credit Insurance, stated: “The
Xport Xponential program 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.”
Al Marri added that the program “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.”

The Minister concluded: “Moreover, with export and re-export activities between the UAE and countries with which we have Comprehensive
Economic Partnership Agreements (CEPA), already exceeding AED 390.50 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.”
Meanwhile, Futoon Hamdan Al Mazrouei, Group Head of Personal, Business, Wealth and Privileged Client Banking Group at
FAB said: “First Abu Dhabi Bank is pleased to be a banking partner of “ECI’s Xport Xponential program”, 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.”
Al Mazrouei noted: “By empowering SMEs with access to working capital and innovative trade finance solutions, we are unlocking new
opportunities for global growth. The program strengthens the UAE’s competitiveness and supports its ambition to expand trade across strategic
international markets.”
From his part, Bernd van Linder, the CEO of CBD, stated: “With a legacy of over five decades in backing the growth of the UAE, we continue to
demonstrate our commitment today by empowering the nation’s vibrant SME sector and creating tangible impact that supports the 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.”
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