Page 48 - ETIHAD CREDIT INSURANCE PR REPORT - SEPTEMBER 2024

“As the largest bank in the country with an international network covering more
than 60% 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.”
Trafigura will receive a $150 million revolving credit facility for two years to
finance its acquisitions of non-hydrocarbon commodities from the UAE. The
commodities are intended for export and re-export, thus cementing the UAE’s
position as a vital hub in global trade networks.
The partnership between Abu Dhabi Exports Office (ADEX), FAB and Natixis CIB
highlights the UAE’s stable investment climate and the strategic significance of
its non-hydrocarbon sectors.
All lenders serve as the mandated lead arranger, with Natixis CIB acting as
bookrunner, facility coordinator, facility agent and ECA agent. This ensures that
the interests of the participating banks are aligned and aids in structuring and
coordinating the financing.
FAB’s significant global and regional reach lends substantial financial stability
and strength to the partnership, bolstering the team’s collective efforts to assist
Trafigura in its sourcing endeavours.
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.

https://mea-finance.com/etihad-credit-insurance-signs-financing-deal-with-fab-natixis/