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9/19/24, 9:38 AM Etihad Credit Insurance signs financing deal to support Trafigura’s exports from UAE | Emirates News Agency

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Etihad Credit Insurance signs financing deal to support Trafigura’s exports from UAE
Wednesday, September 18, 2024 3:35 PM5 minutes Reading

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ABU DHABI, 18th September, 2024 (WAM) -- Etihad Credit Insurance (ECI), the UAE Federal export credit company, in collaboration with Abu Dhabi Exports Office (ADEX),
Dhabi Bank (FAB), and Natixis Corporate and Investment Banking (Natixis CIB), signed a joint agreement to support Trafigura, a market leader in the global commodities indu
expand their global acquisitions of non-hydrocarbon commodities originating from the UAE.
The financing deal was announced during a signing ceremony between ECI and the relevant parties, which took place recently, at Rixos Marina Hotel, Abu Dhabi.
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 e
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 u
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
lasting economic value for our country while enabling our companies to compete and thrive on the world stage.”
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 D
(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 be
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 partic
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 solid
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
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 origina
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
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 de
the region and the nation's increasing significance as a supplier of quality, non-hydrocarbon resources. The company’s extensive global network, and in-depth market knowle

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