Page 33 - ETIHAD CREDIT INSURANCE PR REPORT - SEPTEMBER 2024

9/24/24, 8:52 AM Etihad Credit Insurance, in collaboration with Abu Dhabi Exports Office, First Abu Dhabi Bank and Natixis sign first-of-a-kind financi…
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 highlights the UAE’s stable investment climate and the strategic significance of its

non-hydrocarbon sectors.

With Trafigura’s expertise in supplying its customers with metals, minerals and bulk
commodities across the world, its choice to source from the UAE demonstrates both its

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