Abu Dhabi: Al Hilal Takaful, the insurance subsidiary of Al Hilal Bank, signed a distribution agreement in Abu Dhabi with Euler Hermes, a trade credit insurance company.

The collaboration is expected to position Al Hilal to deliver better credit insurance solutions, and secure a stronger position in the takaful market.

It will also allow Euler Hermes to enhance its presence in Abu Dhabi.

The partnership allows Al Hilal Bank’s Abu Dhabi customers access to a range of trade credit insurance solutions for business-to-business trade receivables offered by Euler Hermes.