Page 65 - ETIHAD CREDIT INSURANCE PR REPORT - SEPTEMBER 2024

9/19/24, 9:41 AM Etihad Credit Insurance, in collaboration with Abu Dhabi Exports Office - Middle East News 247
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

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