Page 85 - ETIHAD CREDIT INSURANCE PR REPORT - OCTOBER 2024

Raja Al Mazrouei, CEO of Etihad Credit Insurance, reiterated the company's
commitment to strengthen its strategic ties, develop cooperations and exchange
experiences with key international institutions and agencies in the fields of
insurance, credit and guarantees. This comes in line with the company's belief in
the significance of efforts in boosting the resilience and sustainability of the
national economy and consolidating the UAE's reputation in the export,
investment and foreign trade sectors, in line with the national goals of vision 'We
the UAE 2031.'

Furthermore, Al Mazrouei emphasised that the ECI's partnership with MIGA
signifies both parties' common interest in fostering bilateral cooperation to
support FDIs and the expansion of insurance and reinsurance activities. It fosters
new opportunities for investment projects and activities and helps in the
promotion of trade flows, investment and export and re-export activities in both
the regional and global markets.

Al Mazrouei said, "This collaboration agreement with MIGA marks a significant
stride in the company's growth trajectory, providing new opportunities for
initiating joint investment projects based on the expertise and potential of both
parties. With this mutual cooperation, we aim to provide a broader spectrum of
clients with cutting-edge insurance and investment solutions, enabling them to
move ahead confidently with the development and expansion of their projects and
activities and to fortify their market position. Furthermore, the agreement stands
out considering the UAE's strong reputation as an ideal hub for global investment,
with the country being ranked second globally for FDI inflows in 2023."

Hiroshi Matano, Executive Vice President of MIGA, stated, "The agreement with
ECI showcases our commitment to expand partnerships to offer a wide range of
services to attract foreign direct investment in emerging markets and developing
countries. We hope to co-create innovative financial solutions to address private
sector needs in our member countries."