Page 243 - MOET ENGLISH PR REPORT - JUNE 2025
P. 243
7/2/25, 4:36 PM Etihad Credit Insurance and Banking Partners Raise AED 174 Million to Boost SME Growth in UAE
over the next four years across ten strategic sectors.
Strategic Banking Support
Executives from the participating banks reaffirmed their commitment to the programme and the UAE’s economic agenda:
Futoon Hamdan AlMazrouei, First Abu Dhabi Bank: “By empowering SMEs with access to working capital and innovative trade finance, we
are unlocking global opportunities and reinforcing the UAE’s position as a competitive international trade hub.”
Dr. Bernd van Linder, Commercial Bank of Dubai: “We’re proud to back this initiative, which aligns with our legacy of fostering SME growth
and driving economic diversification.”
Mustafa Al Khalfawi, Ajman Bank: “This partnership reflects our support for Ajman Vision 2030 and the UAE’s broader economic goals by
offering Sharia-compliant, growth-oriented financial solutions.”
Mohammed Wassim Khayata, Al Maryah Community Bank: “Our commitment to digital, efficient, and scalable financing aligns with ECI’s
mission to build global competitiveness among local exporters.”
Growing A National Ecosystem
Implemented with the support of 19 strategic federal and local partners—including the Abu Dhabi Department of Economic Development,
Dubai Department of Economy and Tourism, and Sharjah Chamber of Commerce—the ‘Xport Xponential’ programme stands as a model for
public-private cooperation. Since its inception, ECI’s partnerships with government and financial institutions have grown by 27%, enhancing
access to trade finance and export readiness support.
In addition, ECI hosted a workshop in January 2025 to provide participating companies with practical resources and export guidance. These
efforts further demonstrate ECI’s critical role in shaping a resilient, inclusive, and export-driven economy.
To date, ECI has insured AED 21 billion in support of UAE exports and has underwritten premiums amounting to AED 447 million, reinforcing
its leadership in enabling the international success of homegrown businesses.
https://www.dayofdubai.com/news/etihad-credit-insurance-and-banking-partners-raise-aed-174-million-to-boost-sme-growth-in-uae 2/2

