Gerald Team Closes Inaugural US$50 Million ECI-backed Finance Facility with Abu Dhabi Business Financial institution
– ECI-backed, dedicated, three-year finance facility- Helps UAE (non-oil) metals business
The ability represents the most important addition to Gerald Team’s world investment platform and its first export credit score agency-supported financing subsidized via ECI. The financing additional diversifies the Team’s investment resources, extends to be had tenor and helps new metals business flows throughout key provide chains related to rising call for from power transition, generation and commercial sectors. The transaction displays ECI’s endured dedication to supporting the growth of the UAE’s non-oil export financial system consistent with the “We the UAE 2031” imaginative and prescient.
Patricia Nikolopoulos, Leader Monetary Officer at Gerald Team, commented: “This facility represents an important step in the continued diversification of Gerald Group’s funding platform. Securing our first ECI-backed financing broadens our access to committed liquidity, extends available tenor and further strengthens the resilience of our funding structure. We are pleased to partner with ECI and ADCB on a transaction that supports UAE-origin trade flows, while enhancing our ability to provide reliable financing and supply chain solutions to customers and counterparties across global metals markets.”
Her Excellency, Raja Al Mazrouei, Leader Government Officer of Etihad Credit score Insurance coverage (ECI), stated: “We are pleased to partner with Gerald Group and Abu Dhabi Commercial Bank on this landmark transaction, which reflects our shared commitment to strengthening the UAE’s trade finance ecosystem. This achievement is also a testament to ECI’s role in advancing the country’s non-oil export agenda, in line with the vision of our wise leadership to diversify and strengthen the national economy. By enabling structured export-backed financing solutions, ECI supports the growth of UAE-origin trade flows and reinforces the UAE’s position as a global hub for resilient and sustainable trade. Partnerships with leading international traders and UAE financial institutions further strengthen our mandate to accelerate export growth and enhance the global visibility of UAE-origin commodities.”
In opposition to a backdrop of evolving geopolitical dynamics, ongoing provide chain realignment and greater marketplace volatility, the transaction highlights the significance of resilient and varied business finance answers in supporting world commodity flows and sustainable export expansion.
About Gerald Team
Based in 1962 in the US, Gerald Team is a number one commodity dealer, focusing on non-ferrous, ferrous and valuable metals, together with important minerals. Gerald Team gives adapted services and products and answers, offering 24/7 protection to streamline the logistics, transportation and supply of metals around the world metals price chain, from the mine or smelter to commercial consumers and end-users. Led via Government Chairman & CEO, Craig Dean, Gerald Team establishes strategic partnerships, makes centered investments, hedges, markets and conducts structured finance transactions to verify a sustainable and significant function within the world financial system. Gerald Team’s built-in community comprises buying and selling places of work in Stamford – Connecticut, Geneva, London, Shanghai, and Dubai, supported via devoted groups and world infrastructure throughout running subsidiaries, consultant places of work, strategic companions, and affiliated brokers. Talk over with www.gerald.com
About Etihad Credit score Insurance coverage (ECI)
Etihad Credit score Insurance coverage, the UAE’s federal export credit score corporate, gives companies, monetary establishments and traders cutting edge answers that catalyse and consolidate world business. The corporate supplies a variety of answers and merchandise akin to export credit score insurance coverage, chance mitigation insurance coverage, complete marketplace intelligence, export technique and get admission to to finance. Established in 2018, ECI holds an ‘AA-‘ Fitch Score, which the corporate has effectively maintained for 8 consecutive years. The corporate could also be a member of the generally acclaimed Berne Union and an associate member of the UN’s Web 0 Export Credit score Alliance- NZECA. Moreover, ECI won the “TXF Commodity Trader Export Finance Deal of the Year” award. ECI is devoted to fostering sustainability and non-oil business to make stronger the resilience and diversification of the UAE financial system, whilst empowering companies to habits seamless world business via offering powerful credit score answers and skilled marketplace insights. Guided via the core organisational values of coverage, customer-centricity, integrity, collaboration, world competitiveness, innovation, and sustainability, ECI stays dedicated to making sure consumer good fortune. Talk over with www.eci.gov.ae
SOURCE Gerald Team
