Page 13 - ECI PR REPORT - MAY 2025

Press release

UAE’s strategic efforts to foster sustainable global partnerships and drive inclusive economic
development. “In 2024, ECI provided targeted trade and investment insurance solutions to
projects that advance clean energy, food security, critical infrastructure, and water sustainability.
These efforts re�lect our growing role in shaping a trade and export ecosystem that delivers long-
term economic value while addressing urgent global challenges such as climate change and social
equity,” H.E. elaborated.

The report stated that the company has witnessed a gross exposure of AED 11 billion - a 14.58
percent increase over 2023. This growth was supported by a diverse portfolio, with over 60
percent of bene�iciaries comprising small and medium-sized enterprises (SMEs).

The report highlighted that ECI secured AA- international rating by Fitch for the sixth consecutive
year, re�lecting on the company’s ability to mitigate potential risks and reiterate its strong
presence in global markets.

H.E. Raja Al Mazrouei, CEO of ECI, said: “We are committed to supporting the UAE’s accelerated
drive toward economic resilience and long-term sustainability. By offering innovative credit
solutions, streamlined access to �inancing, and forging high-impact strategic partnerships, we
empower UAE exporters, particularly SMEs, to unlock new opportunities and scale globally with
con�idence in an increasingly competitive world. This is re�lected in ECI’s strong performance in
2024, which not only underscores its pivotal role in enabling the national export competitiveness
but also its commitment to empowering businesses with the tools and con�idence to expand into
new global markets. A key milestone for us in 2024 was the launch of Xport Xponential, a
comprehensive program designed to support UAE-based companies. This new strategic initiative
aligns with our commitment to increasing ECI’s contribution to the non-oil GDP by 7-fold by
2031.”

H.E. Al Mazrouei also reaf�irmed ECI’s dedication to clean and green energy initiatives in line
with the UAE’s sustainability commitments and United Nations Sustainable Development Goals
(SDGs). “The Africa Green Investment Initiative (AGII) led by the UAE and announced at the
Africa Climate Summit, held in Nairobi in September 2023, is a multistakeholder partnership that
employs an innovative approach to climate �inance, combining the resources, expertise, and local
knowledge of the following partners: Abu Dhabi Fund for Development; Masdar; AMEA Power;
Africa 50; and Etihad Credit Insurance. AGII aims to deploy $4.5 billion in African renewable
energy capacity by the end of the decade.

This initiative represents one of the most comprehensive efforts to drive climate action and
decarbonization in emerging economies and least developed countries to date and builds on the
UAE's long-standing commitment to international cooperation and sustainable socio-economic
development”.

Furthermore, the report revealed that ECI offers coverage of up to AED 500 million per risk, with
60 percent of that amount ceded under a quota-share arrangement. This structure is backed by
nine reinsurers rated 'A' and above, reaf�irming ECI’s robust reinsurance treaty.

The report also highlighted ECI’s commitment to supporting clients beyond credit insurance. This
commitment was demonstrated by the company’s effective handling of overdue payments, which
resulted in the collection of AED 158 million from overdue payments, achieving collection success
rate of 77 percent. With this, the total debt collected by ECI since its inception has risen to AED
528 million, an 87 per cent recovery success rate.

The report further detailed the composition of ECI’s portfolio, noting that 70 percent of its
exposure lies in Short-Term Credit Insurance (ST), which supports high-frequency trade cycles,