Page 34 - 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…
dedication to the region and the nation's increasing significance as a supplier of quality, non-
hydrocarbon resources. The company’s extensive global network, in-depth market knowledge,

combined with its competence in managing complex supply chains, positions this initiative as
a significant turning point in the UAE’s export landscape.

All lenders serve as the mandated lead arranger, with Natixis CIB acting as bookrunner,

facility coordinator, facility agent, and ECA agent. This ensures that the interests of the
participating banks are aligned, and aids in structuring and coordinating the financing. As a

division of the Abu Dhabi Fund for Development, ADEX makes a substantial contribution by
utilising its mandate to support exports from the UAE, thus amplifying the transaction's
economic effect. Similarly, FAB's significant global and regional reach lends substantial

financial stability and strength to the partnership, bolstering the team's collective efforts to
assist Trafigura in its sourcing endeavours.

In addition to the strategic roles played by the financial institutions, Allen Overy Shearman

Sterling (A&O) and Clyde & Co. also provided expert legal counsel for the new alliance. Their
expertise helped to strengthen the foundation of the partnership, protecting the interests of all

parties involved and ensuring the transaction's overall integrity.

Khalil Al Mansoori, Director General of ADEX, remarked: “The agreement is a continuation of
our effort to expand the scope of partnerships, so we can further unify our initiatives to

support and develop national exports by providing flexible and reliable financing. This
partnership with National and international banks and other financial institutions aligns with
UAE economic diversification goals and underscores our belief that united efforts lead to

transformative success.”

Stephan Jansma, Trafigura Group Chief Financial Officer, stated, “We appreciate the
significance of Etihad Credit Insurance’s convening power to bring together the Abu Dhabi

Exports Office, First Abu Dhabi Bank and Natixis to deliver the first financing of its kind to a
commodity trading company, supporting the UAE’s increasing significance as a producer of

non-hydrocarbon resources.”

Natixis Corporate and Investment Banking DIFC Branch spokesperson, Barbara Riccardi, MD

and Regional Head Middle East – Caucasus and Central Asia stated: “Natixis CIB is pleased

to have played a key role in coordinating, structuring, and arranging this financing deal in
support of Trafigura’s efforts to increase commodity purchases from the UAE, which also
contributes to the UAE's strategic vision of expanding non-oil exports. We are proud to have

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