Page 52 - ETIHAD CREDIT INSURANCE PR REPORT - OCTOBER 2024

11/6/24, 11:20 AM Etihad Credit Insurance signs two MoUs with Saudi Exim Bank, Credit Oman
In this regard, Raja Al Mazroui, CEO of ECI, highlighted how the new partnerships with Saudi
EXIM Bank and Credit Oman represent a leap forward in developing the export credit system 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.

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