Page 58 - ETIHAD CREDIT INSURANCE PR REPORT - OCTOBER 2024

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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