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Khalil Al Mansoori, Director General of ADEX, highlighted the importance of expanding
partnerships to support national exports. He stated, "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."
Trafigura will benefit from a USD 150 million Revolving Credit Facility over two years.
This facility will finance its acquisition of non-hydrocarbon commodities from the UAE
for export and re-export purposes. This move strengthens the UAE's role as a crucial
hub in global trade networks. The collaboration between ADEX, FAB, and Natixis CIB
highlights the stable investment climate in the UAE.
Raja Al Mazrouei, CEO of Etihad Credit Insurance, expressed satisfaction with this
alliance. "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," he said.
Role of Financial Institutions
All lenders serve as mandated lead arrangers with Natixis CIB acting as bookrunner and
facility coordinator. This ensures alignment among participating banks while structuring
and coordinating financing efforts. ADEX contributes significantly by using its mandate
to support UAE exports, amplifying economic impact.
Barbara Riccardi from Natixis CIB commented on their involvement: "Natixis CIB is
pleased to have played a key role in coordinating, structuring, and arranging this
financing deal in support of Trafigura’s efforts."
Legal Expertise Strengthens Partnership
In addition to financial institutions' roles, Allen Overy Shearman Sterling (A&O) and
Clyde & Co provided expert legal counsel for this alliance. Their expertise fortified the
partnership's foundation by safeguarding all parties' interests while ensuring
transaction integrity.
Mohamed Saif Al Suwaidi from ADFD emphasised ADEX’s mission: "This collaboration
is part of ADEX’s core mission to empower UAE businesses and enable them to expand
their global footprint."
Impact on International Trade
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