Natixis Signs Landmark Financing Deal to Support Trafigura’s UAE Exports

Government

Natixis Signs Landmark Financing Deal to Support Trafigura’s UAE Exports

Etihad Credit Insurance (ECI), in collaboration with the Abu Dhabi Exports Office (ADEX), First Abu Dhabi Bank (FAB), and Natixis Corporate and Investment Banking (Natixis CIB), has signed a pioneering financing agreement to support Trafigura, a global leader in commodities trading, in expanding its acquisitions of non-hydrocarbon commodities from the UAE. This deal marks a significant step toward boosting the UAE's role in global trade and diversifying its export portfolio.

The agreement, unveiled during a signing ceremony at Rixos Marina Hotel in Abu Dhabi, grants Trafigura a USD 150 million revolving credit facility over two years. The facility is designed to finance the acquisition and export of non-hydrocarbon commodities such as metals and minerals from the UAE, strengthening the nation’s presence in international supply chains.

H.E. Mohamed Saif Al Suwaidi, Chairman of the Exports Executive Committee of ADEX, emphasized the importance of such partnerships in empowering UAE businesses to expand globally, stating: “This collaboration underscores our commitment to increasing national exports and enhancing the UAE’s prominence as a key player in international trade."

H.E. Raja Al Mazrouei, CEO of ECI, highlighted the strategic nature of this deal, noting, “This partnership not only increases in-country value but also positions the UAE as a trusted global source of essential commodities, furthering our vision to foster sustainable economic growth."

The financing arrangement, with Natixis CIB acting as the bookrunner, coordinator, and facility agent, aligns the interests of all participating financial institutions. FAB, with its extensive international network, also plays a critical role in enhancing the UAE's trade and investment landscape.

Legal counsel for the deal was provided by Allen Overy Shearman Sterling and Clyde & Co., ensuring the transaction's legal integrity and protection of all stakeholders.

Stephan Jansma, CFO of Trafigura Group, acknowledged the importance of the partnership, stating, "We value ECI’s ability to bring together key financial institutions, enabling us to enhance our global acquisitions from the UAE."