Page 31 - ETIHAD CREDIT INSURANCE PR REPORT - OCTOBER 2024

11/6/24, 11:19 AM Etihad Credit Insurance signs two MoUs with Saudi Exim Bank, Credit Oman - GulfToday
and enhancing the prospects of foreign trade and investment.

She noted that these agreements represent ECI’s commitment to fortify collaboration and
establish alliances with leading regional institutions in credit sectors. This, in turn, fosters
confidence in the local export system, helps introduce products of Emirati origin to a broader
range of international markets, and solidifies the UAE’s position as a vital hub for global trade
and investment.

Raja Al Mazroui added, “We are committed to developing cooperation and partnerships with
our counterparts in the GCC countries, especially in the areas of trade credit insurance,
export financing, and risk management. Our goal is to provide a safe and flexible investment
environment that supports export and re-export companies based in the UAE.”

Saad bin Abdulaziz Al-Khalb, CEO of Saudi EXIM Bank, said, “Through this MoU, we seek to
open promising trade and investment horizons between Saudi Arabia and the UAEs, by
strengthening and developing the export and import sector, developing business and
investment opportunities, and supporting commercial projects in a way that benefits economic
growth on both sides.”

Sheikh Khalil bin Ahmed Al-Harthy, CEO of Credit Oman, stated, “The latest MoU with Etihad
Credit Insurance demonstrates our commitment to strengthening regional cooperation in the
fields of insurance and risk management.”

The MoUs stipulate joint participation in conferences, meetings, and related activities, as well
as the organisation of seminars and workshops, to highlight the advantages of trade
protection solutions against the risks of non-payment, with an emphasis on suggested
solutions. They also specify the submission of a report on market or country risks to highlight
commercial risks associated with international trade activities.

WAM

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