Page 43 - ETIHAD CREDIT INSURANCE PR REPORT - SEPTEMBER 2024

9/19/24, 9:39 AM Etihad Credit Insurance signs financing deal to support Trafigura's exports from UAE | Markets – Gulf News
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), 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.

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 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."

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

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