Page 53 - 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
the UAE, thus amplifying the transaction's economic effect. Similarly, 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.

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 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.”

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% 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.

For further information, please contact:
Orient Planet Group (OPG)

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