Page 69 - 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
Fund for Development, ADEX makes a substantial contribution by utilising its mandate to support
exports from 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 the 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 percent 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.

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