Page 58 - ETIHAD CREDIT INSURANCE PR REPORT - SEPTEMBER 2024

9/19/24, 9:41 AM Etihad Credit Insurance Signs Financing D3al to Support Trad
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 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, and 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

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