Etihad Credit Insurance extends support to RAK Ceramics to gear up its global growth plans – ZAWYA

Etihad Credit Insurance extends support to RAK Ceramics to gear up its global growth plans – ZAWYA

Etihad Credit Insurance extends support to RAK Ceramics to gear up its global growth plans ECI coverage to boost RAK Ceramics' competitiveness as it cements its position as one of the world's biggest ceramics brand     Trade Credit Insurance with increased coverage will allow the UAE-based manufacturer of tiles, sanitaryware, porcelain tableware and faucets to tap more markets in the global arenaRAK Ceramics to gain wider access to trade and banking finance by leveraging trade credit insurance from ECIDubai: Etihad Credit Insurance (ECI), the UAE's Federal Export Credit Company, announced today that it will be providing export credit protection to RAK Ceramics PJSC (Ticker: RAKCEC), one of the largest ceramics brands in the world, to support its global expansion plans.This coverage will boost the competitiveness of RAK Ceramics, one of the largest exporters in the UAE, and cement its global position in line with its growth strategy. A major source of employment in the UAE and abroad, the company employs about 12,000 employees from over 40 countries.Under this deal, ECI will be providing RAK Ceramics with a comprehensive Credit Insurance Policy which will shield the company against commercial risks such as insolvency and payment default, as well as political risks.This