Page 24 - ETIHAD CREDIT INSURANCE PR REPORT - SEPTEMBER 2024

Etihad Credit Insurance signs financing deal

to support Trafigura’s exports from the UAE

September 20, 2024 | Posted by LG Content Team

Etihad Credit-Trafigura [Supplied Image]Collaborates with Abu Dhabi Exports Office, First
Abu Dhabi Bank and Natixis
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), recently 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.
“Our commitment remains focused on creating lasting economic value for our country while
enabling our companies to compete and thrive on the world stage,” stated Mohamed Saif Al
Suwaidi, Director General of ADFD and Chairman of the Exports Executive Committee of
ADEX.
“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,”
remarked Raja Al Mazrouei, CEO, Etihad Credit Insurance.
Revolving credit facility
In line with the collaboration, Trafigura will receive a US$ 150mn 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

https://logisticsgulf.com/2024/09/etihad-credit-insurance-signs-financing-deal-to-support-
trafiguras-exports-from-the-uae/