Gerald Group Secures $50 Million Finance Facility with ECI Backing
Gerald Group has completed a three-year, $50 million finance facility supported by Etihad Credit Insurance (ECI). The financing will bolster the company's non-oil metals trade activities within the United Arab Emirates.
Geneva and Abu Dhabi, UAE – Gerald Metals Sàrl, the Geneva-based subsidiary of Gerald Group, announced the closing of a $50 million, three-year finance facility backed by Etihad Credit Insurance (ECI), the UAE's federal export credit company. Abu Dhabi Commercial Bank (ADCB) served as the lender for the facility.
The financing adds to Gerald Group's global funding platform and marks its first export credit agency-supported financing arrangement with ECI. It aims to diversify funding sources, extend tenor, and support new metals trade flows linked to demand from the energy transition, technology, and industrial sectors. The transaction aligns with ECI's objective to support the UAE's non-oil export economy under the "We the UAE 2031" vision.
Patricia Nikolopoulos, Chief Financial Officer at Gerald Group, stated that the facility represents a key step in diversifying the company's funding. "Securing our first ECI-backed financing broadens our access to committed liquidity, extends available tenor, and further strengthens the resilience of our funding structure," Nikolopoulos said.
Her Excellency Raja Al Mazrouei, CEO of Etihad Credit Insurance (ECI), highlighted the organization's role in strengthening the UAE's trade finance ecosystem. "Partnerships with leading international traders and UAE financial institutions reinforce our mandate to accelerate export growth and enhance the global visibility of UAE-origin commodities," Al Mazrouei stated.
Amidst evolving geopolitical dynamics, supply chain realignments, and market volatility, this transaction underscores the importance of resilient and diversified trade finance solutions for global commodity flows and sustainable export growth.