7X, a trade, transport, and logistics investment group, has signed a memorandum of understanding (MoU) with Etihad Credit Bureau. The partnership grants 7X access to the bureau’s advanced credit data platform to evaluate the financial stability of its business partners.

The agreement was signed by Abdulla Mohammed Alashram, Group CEO of 7X, and Marwan Ahmad Lutfi, Director General of Etihad Credit Bureau. The ceremony, held at 7X headquarters, was attended by senior management representatives from both organisations.

Alashram said: “We are pleased to announce this strategic partnership with Etihad Credit Bureau, reflecting our commitment to integrating seamlessly with government services to enhance operational efficiency and strengthen our position in trade, transport, and logistics.”

He added that this partnership marks an important milestone in our digital transformation journey, reaffirming our dedication to innovation and excellence.

“At 7X, we value the role of meaningful collaborations with public and private entities, and we look forward to working closely with Etihad Credit Bureau to unlock new opportunities for success and further elevate the UAE’s position on the global stage,” Alashram said.

The partnership aligns with the UAE leadership’s vision by strengthening collaboration between public and private sectors. It aims to foster a robust business ecosystem through innovative credit solutions.

Lutfi said: “We are pleased to partner with 7X, in line with our vision to provide government entities with crucial credit information, to strengthen their credit, collection, and auditing policies and frameworks.”

He further stated: “By facilitating seamless digital integration, we aim to simplify access to credit information, further enabling organisations to make well-informed and strategic financial decisions.”

With this collaboration, 7X and its subsidiaries can ensure the credit reliability of potential partners, safeguarding smooth and secure operations. Both organisations are committed to driving growth, innovation, and competitiveness in the region. - TradeArabia News Service