Page 45 - 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
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 the 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."

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