Page 46 - 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

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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