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11/6/24, 11:23 AM PRESSR: Etihad Credit Insurance signs two MoUs with Saudi Exim Bank and Credit Oman — TradingView News
PRESSR: Etihad Credit

Insurance signs two MoUs

with Saudi Exim Bank and

Credit Oman

Oct 17, 202412:55 GMT+4

Etihad Credit Insurance (ECI), the UAE’s federal export credit company,

signed two Memorandums of Understanding (MoU) 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, Her Excellency Raja Al Mazroui, CEO of Etihad Credit

Insurance (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. Her Excellency 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

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