Page 79 - ETIHAD CREDIT INSURANCE PR REPORT - SEPTEMBER 2024

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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deal-to-support-trafigura-exports-from-uae#google_vignette