Page 49 - ETIHAD CREDIT INSURANCE PR REPORT - OCTOBER 2024

11/6/24, 11:20 AM Etihad Credit Insurance signs two MoUs with Saudi Exim Bank and Credit Oman - Middle East News 247

Her Excellency 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 UAE and strengthens the competitive advantage of the local non-oil commodity.
We hope that our collaboration will contribute to the sustainability and diversity of GCC economies, as well as
encourage companies in the UAE, Saudi Arabia, and Oman to close agreements with importers and buyers

in international markets.”

His Excellency Eng. Saad bin Abdulaziz Al-Khalb, CEO of Saudi EXIM Bank, said: “Through this MoU we

seek to open promising trade and investment horizons between the Kingdom of Saudi Arabia and the United
Arab Emirates, 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. This MoU is also an extension of the solid foundations of economic and trade relations between the
two countries. We at the Saudi Exim and (ECI) will certainly work together to strengthen the non-oil economy
in a way that supports diversity and sustainability and provides added value to enhance trade exchange

between the Gulf Cooperation Council countries and consolidate their position and international commercial
strength.”

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 collaboration helps build trust in the export credit system, allowing exporters from the

Sultanate of Oman and UAE to access new markets and enhance their competitiveness, as well as boost
exports between the two countries.”

He added, “Along with that, the agreement creates new opportunities for businesses, especially in the field of
trade credit insurance. We believe that this step will help create a safe and flexible investment environment,

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