Page 61 - ETIHAD CREDIT INSURANCE PR REPORT - OCTOBER 2024

11/6/24, 11:23 AM PRESSR: Etihad Credit Insurance signs two MoUs with Saudi Exim Bank and Credit Oman — TradingView News
broader range of international markets, and solidifies the UAE's position as

a vital hub for global trade and investment.

Her Excellency 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 UAE and strengthens the

competitive advantage of the local non-oil commodity. We hope that our

collaboration will contribute to the sustainability and diversity of GCC
economies, as well as encourage companies in the UAE, Saudi Arabia, and

Oman to close agreements with importers and buyers in international

markets.”

His Excellency Eng. Saad bin Abdulaziz Al-Khalb, CEO of Saudi EXIM Bank,

said: “Through this MoU we seek to open promising trade and investment

horizons between the Kingdom of Saudi Arabia and the United Arab
Emirates, 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.

This MoU is also an extension of the solid foundations of economic and

trade relations between the two countries. We at the Saudi Exim and (ECI)

will certainly work together to strengthen the non-oil economy in a way
that supports diversity and sustainability and provides added value to

enhance trade exchange between the Gulf Cooperation Council countries

and consolidate their position and international commercial strength.”

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 collaboration helps build trust in the export credit

system, allowing exporters from the Sultanate of Oman and UAE to access

https://www.tradingview.com/news/reuters.com,2024-10-17:newsml_Zaw2cgPp5:0-pressr-etihad-credit-insurance-signs-two-mous-with-saudi-exim-ba… 2/4