Page 49 - ETIHAD CREDIT INSURANCE PR REPORT - SEPTEMBER 2024

9/19/24, 9:40 AM Etihad Credit Insurance (ECI) is the UAE Federal export credit company – The Gulf Time Newspaper
Etihad Credit Insurance (ECI) is the UAE Federal export

credit company

ABU DHABI/WAM

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 from the UAE, further integrating the country’s resources into
international supply chains.
In line with the collaboration, Trafigura will receive a $150 million Revolving Credit Facility for two years to finance its

acquisitions of non-hydrocarbon commodities originating from the UAE. These commodities are intended for export and re-
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