Page 52 - ETIHAD CREDIT INSURANCE PR REPORT - SEPTEMBER 2024

9/19/24, 9:40 AM Etihad Credit Insurance sign first-of-a-kind financing deal to support Trafigura’s exports from the UAE
H.E. 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.”

H.E. 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 USD 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-export, thus cementing the UAE's position as a vital hub in
global trade networks. This partnership between ADEX, FAB and Natixis CIB highlights the UAE’s stable

investment climate and the strategic significance of its non-hydrocarbon sectors.

With Trafigura’s expertise in supplying its customers with metals, minerals and bulk commodities across
the world, its choice to source from the UAE demonstrates both its dedication to the region and the
nation's increasing significance as a supplier of quality, non-hydrocarbon resources. The company’s
extensive global network, in-depth market knowledge, combined with its competence in managing

complex supply chains, positions this initiative as a significant turning point in the UAE’s export
landscape.

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. As a division of the Abu Dhabi Fund for
Development, ADEX makes a substantial contribution by utilising its mandate to support exports from

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