Page 68 - ETIHAD CREDIT INSURANCE PR REPORT - SEPTEMBER 2024

9/19/24, 9:41 AM Etihad Credit Insurance signs financing deal to support Trafigura's exports from UAE
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

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