Page 13 - ETIHAD CREDIT INSURANCE PR REPORT - SEPTEMBER 2024

Press Release

Etihad Credit Insurance achieves AED 1.4 billion in credit coverage in

Abu Dhabi over the first eight months of 2024

• ECI has achieved an 8 per cent increase in credit coverage, and 24 per cent growth in

insurance document issuance within Abu Dhabi
• Financial services industry leads the list of sectors availing ECI's credit support, followed

by F&B, metals, and paper manufacturing sectors

Abu Dhabi- 16 September 2024 - Etihad Credit Insurance (ECI), the UAE Federal export credit
company, recorded a remarkable eight per cent annual increase in its credit coverage within the

Emirate of Abu Dhabi, reaching a total of AED 1.4 billion in the first eight months of 2024.

The financial services industry continues to lead in securing ECI’s credit support in Abu Dhabi,

accounting for 50.6 per cent of the total coverage. This was followed by the F&B sector, metals,

paper manufacturing, packaging, and electronics and cables industries, accounting for 14 per
cent, 10.5 per cent, 10.4 per cent, 6.6 per cent, and 2.6 per cent, respectively. During this period,

ECI also witnessed a 24 per cent rise in the issuance of insurance documents within the emirate.

In this year alone, the company has attained total credit coverage worth AED 10.6 billion in the

UAE, expanding at a growth rate of 10 per cent annually, with a 16 per cent increase in insurance

document issuance. Additionally, the financial services sector topped the list of industries
benefiting from ECI's nationwide coverage, accounting for 21.36 per cent, followed by logistics,