"Union Export Credit" and"Abu Dhabi Commercial Bank" They support a $50 million commercial financing deal for… "Gerald Collection"

ABU DHABI, 13 JULY / WAM / Etihad Credit Company, the Federal Export Credit Company in the UAE, announced its support for a three-year trade financing deal worth US$50 million for Gerald Metals S.A.R.L., a subsidiary of the Geneva-based Gerald Group, while Abu Dhabi Commercial Bank assumed the role of financier for this deal, and Clyde & Co. served as legal advisor to Etihad Credit Company. Exports.

The company explained that this deal embodies the pivotal role played by Etihad Export Credit in accelerating the growth of UAE non-oil exports, in line with the objectives of the “We Are the Emirates 2031” vision, stressing the company’s continued commitment to enabling sustainable growth of exports and consolidating the UAE’s position as a global center for trade.

This deal combines the global trade platform of the Gerald Group, the financing capabilities of Abu Dhabi Commercial Bank, and the support provided by Etihad Export Credit, with the aim of facilitating the export of non-oil goods of Emirati origin, which contributes to diversifying the export base and sustaining its growth.

This strategic partnership reflects great importance in supporting international trade and enhancing its flexibility, especially in light of the rapid geopolitical changes, the restructuring of supply chains, and the increasing volatility of global markets.

Her Excellency Raja Al Mazrouei, CEO of Etihad Export Credit Company, confirmed that the cooperation in this qualitative deal with the Gerald Group and Abu Dhabi Commercial Bank reflects the joint commitment to strengthening the trade financing system in the UAE. She said that this achievement confirms the company’s pivotal role in supporting the national agenda for developing non-oil exports, in line with the vision of the wise leadership aimed at diversifying the national economy and enhancing its competitiveness.

She pointed out that by providing structured financing solutions, the company continues to support the growth of trade flows for goods of Emirati origin, while consolidating the country’s position as a global center for sustainable and flexible trade, indicating that partnerships with major international trading companies and national financial institutions embody the commitment to accelerating export growth and expanding the global presence of Emirati goods.

Patricia Nikolopoulos, Chief Financial Officer of Gerald Group, said that the completion of the first financing deal supported by Etihad Credit Company represents a milestone in the group’s ongoing efforts to diversify its financing strategy and expand its access to stable and structured sources of liquidity. She expressed her pleasure in cooperating with the company and Abu Dhabi Commercial Bank in this deal, which supports trade flows of Emirati origin, and at the same time contributes to enhancing the ability to provide reliable and integrated financing solutions for supply chains to customers and partners in the UAE. Global metal markets.

This financing deal confirms the strength and development of the trade financing system in the UAE, and reflects the effectiveness of cooperation between trade companies. Moreover, the deal establishes a clear standard for structuring innovative financing solutions that reduce risks, in a way that supports the continued expansion of UAE-origin exports and enhances the country’s position as a global center for trade.

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