Page 57 - ETIHAD CREDIT INSURANCE PR REPORT - OCTOBER 2024
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Etihad Credit Insurance signs two MoUs
with Saudi Exim Bank, Credit Oman
WAM
17th October 2024, 21:31 GMT+11
HAMBURG, 17th October, 2024 (WAM) -- Etihad Credit Insurance (ECI) signed two
Memorandums of Understanding with Saudi EXIM Bank and Credit Oman during
its participation in the Annual General Meeting of Berne Union, in Hamburg,
Germany.
The MoUs seek to strengthen regional partnerships and collaboration in a number
of areas related to insurance and risk management. This includes trade credit
insurance (conventional and Murabaha), which provides the UAE exporters with
insurance against commercial and non-commercial risks, along with insurance
against individual buyer risks.
The cooperation also extends to supply risks, exports financing, debt sales, SME
financing, confirmation of letters of credit, and corporate finance.
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.
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