Page 39 - ETIHAD CREDIT INSURANCE PR REPORT - SEPTEMBER 2024

9/24/24, 8:54 AM Etihad Credit Insurance signs financing deal to support Trafigura's exports from UAE. - Free Online Library
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 been a trustworthy partner of ECI
from the beginning, and our teams have developed a wealth of experience and expertise managing ECI covered loans. This
financing further solidifies Natixis CIB's position as a key global financial player to lead landmark transactions.'

Hana Al Rostamani, Group Chief Executive Officer of FAB, said, 'FAB is the UAE's global bank and we are uniquely positioned
to support transactions that facilitate the development of the UAE's international trade and investment landscape. As the
largest bank in the country with an international network covering more than 60 percent of global GDP, FAB's expertise and
leadership in international trade finance, coupled with our financial strength, underpin our role in this important transaction that
further boosts the UAE's status as a global export hub for non-oil commodities.'
By bringing these leading financial institutions together to assist Trafigura in sourcing commodities from the UAE, ECI has
made significant advancements in the country's export capacities, thereby solidifying its position as a major player in
international trade, while also fostering sustainable economic growth.

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