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11/6/24, 11:21 AM Etihad Credit Insurance Signs MoUs With Saudi EXIM Bank And Credit Oman - OneArabia
Etihad Credit Insurance Strengthens Regional Ties With
MoUs Signed With Saudi EXIM Bank And Credit Oman
By OneArabia
Published: Thursday, October 17, 2024, 14:39 [GST] Etihad Credit Insurance (ECI) has formalised two
Memorandums of Understanding (MoUs) with Saudi EXIM Bank and Credit Oman. These agreements were signed during
the Berne Union's Annual General Meeting in Hamburg, Germany. The MoUs aim to enhance regional cooperation in
insurance and risk management, focusing on trade credit insurance, which safeguards UAE exporters against various
risks.
The collaboration extends to areas such as supply risks, export financing, debt sales, SME financing, and corporate
finance. It also includes confirming letters of credit. Raja Al Mazroui, CEO of ECI, emphasised that these partnerships mark
a significant step in advancing the export credit system and boosting foreign trade and investment prospects.
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