Page 10 - ETIHAD CREDIT INSURANCE PR REPORT - SEPTEMBER 2024

Press Release

Etihad Credit Insurance, in collaboration with Abu Dhabi Exports
Office, First Abu Dhabi Bank and Natixis sign first-of-a-kind

financing deal to support Trafigura’s exports from the UAE

September 18, 2024 - Etihad Credit Insurance (ECI), the UAE Federal export credit company, in
collaboration with Abu Dhabi Exports Office (ADEX), First Abu Dhabi Bank (FAB), and Natixis
Corporate and Investment Banking (Natixis CIB), signed a joint agreement to support Trafigura,
a market leader in the global commodities industry, to expand their global acquisitions of non-
hydrocarbon commodities originating from the UAE. The financing deal was announced during a
signing ceremony between ECI and the relevant parties, which took place recently, at Rixos
Marina Hotel, Abu Dhabi.

H.E. Mohamed Saif Al Suwaidi, Director General of ADFD and Chairman of the Exports
Executive Committee of ADEX, said: “This collaboration is part of ADEX’s core mission to
empower UAE businesses and enable them to expand their global footprint. Strategic partnerships
between local and international banks – public and private – such as this one help us increase our
national exports and strengthen the UAE’s role as a key player in international trade, in alignment
with the UAE strategies and Visions. Our commitment remains focused on creating lasting
economic value for our country while enabling our companies to compete and thrive on the world
stage.”

H.E. Raja Al Mazrouei, CEO of Etihad Credit Insurance, stated, “It gives us great pleasure to
facilitate this strategic alliance between Abu Dhabi Exports Office (ADEX), First Abu Dhabi Bank
(FAB), and Natixis CIB to support Trafigura. This collaboration exemplifies the UAE's stable
investment climate and effective focus on non-oil sectors. More importantly, we believe this
association not only increases in-country value, but also strengthens the UAE's reputation as a
trusted source of essential commodities on a global scale. The equitable participation of ADEX,
FAB and Natixis CIB, in this transaction reflects ECI's vision of fostering collaboration, which
lays the groundwork for a harmonious and mutually beneficial partnership.”

This collaboration highlights ECI's dedication to developing strategic alliances that boost the
UAE's economy, increase the global visibility of its non-oil commodities, and solidify the UAE's
standing as a hub for the same. It also demonstrates the commitment of Abu Dhabi Exports Office
(ADEX), First Abu Dhabi Bank (FAB), and Natixis CIB, to supporting Trafigura in securing vital
non-oil commodities such as metals and minerals from the UAE, further integrating the country's
resources into international supply chains.

In line with the collaboration, Trafigura will receive a USD 150 million Revolving Credit Facility
for two years to finance its acquisitions of non-hydrocarbon commodities originating from the
UAE. These commodities are intended for export and re-export, thus cementing the UAE's position
as a vital hub in global trade networks. This partnership between ADEX, FAB and Natixis CIB