Page 265 - MOET ENGLISH PR REPORT - JUNE 2025

6/26/25, 8:40 AM Etihad Credit Insurance achieves $4.41bln in insured turnover with 15.7% growth
This was announced during a media briefing led by Raja Al Mazrouei, Chief Executive Officer of ECI,
and other senior officials from the company.

These figures underscore ECI’s deepened contribution to supporting and safeguarding UAE-based
exporters and investors through strategic credit solutions in over 100 countries and 17 strategic sectors.

In 2024, the UAE’s non-oil foreign trade surged to AED 3 trillion, marking a 14.6 percent increase over
the previous year.

ECI’s contribution plays a vital role in advancing the nation’s goal of achieving AED800 billion in the
country’s non-oil exports by the next decade, in line with ‘We the UAE 2031’ economic goals. Since its

inception, the company has facilitated over AED 21 billion in cumulative export trade and investment,
resulting in booked Gross Written Premium (GWP) of AED447 million, reflecting strong portfolio growth
and a high retention rate.

Abdulla Bin Touq Al Marri, Minister of Economy and Chairman of ECI Board of Directors, said, “Guided
by the unwavering support and directives of our wise leadership, the UAE has made remarkable strides

in building a resilient, innovative, and knowledge-based economy. At the heart of this transformation is
economic diversification, with non-oil industries, exports, re-exports, and non-oil foreign trade playing a
central role in shaping our future aligned with the ‘We the UAE 2031’ vision. Today, non-oil sectors
contribute 74.6% to the UAE’s GDP—underscoring their growing role in shaping the country’s economic

future. Etihad Credit Insurance has significantly contributed to advancing this vision by fostering the
expansion of UAE-based companies, enabling broader market access, and reinforcing key economic
partnerships through targeted collaborations and tailored credit insurance solutions. By helping UAE
businesses compete more effectively on the global stage, ECI plays a vital role in accelerating non-oil

export growth and strengthening the country’s standing as a leading, diversified economic powerhouse.”

Bin Touq further noted that ECI has extended credit guarantees to cover several major infrastructure and
energy deals in African markets, including Angola and Senegal, in line with the UAE’s strategic efforts to
foster sustainable global partnerships and drive inclusive economic development. “In 2024, ECI

provided targeted trade and investment insurance solutions to projects that advance clean energy, food
security, critical infrastructure, and water sustainability. These efforts reflect our growing role in shaping
a trade and export ecosystem that delivers long-term economic value while addressing urgent global
challenges such as climate change and social equity,” he elaborated.

The report stated that the company has witnessed a gross exposure of AED 11 billion - a 14.58 percent

increase over 2023. This growth was supported by a diverse portfolio, with over 60 percent of
beneficiaries comprising small and medium-sized enterprises (SMEs).

The report highlighted that ECI secured AA- international rating by Fitch for the sixth consecutive year,
reflecting on the company’s ability to mitigate potential risks and reiterate its strong presence in global

markets.

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