A joint session was held between the Cooperative and Agricultural Credit Bank "CAC Bank" and one of the oldest banks specializing in development and financing strategic projects, Rabobank of the Netherlands. This session led to the conclusion of a strategic partnership agreement aimed at implementing a series of joint initiatives in the agricultural and technological fields.

On the sidelines of participating in the 16th Conference of the Parties to the United Nations Convention to Combat Desertification (COP 16), the CAC Bank team presented a detailed overview of the bank's activities, which was well received by Ms. Lieke Verhoefstad, Head of Strategic Relations at Rabobank, along with her team.

Rabobank, one of the oldest banks founded in the early 20th century in 1898, operates in over 70 countries, offering strategic projects and engaging in activities such as supporting agriculture, renewable energy, and information technology. The bank is renowned for providing a wide range of banking and financial services, including loans, savings, and asset management, with a particular focus on serving farmers and agricultural businesses. Rabobank is considered one of the leading banks in this sector.

Rabobank is distinguished by its sustainable and innovative services that support agricultural and rural development. It focuses heavily on agricultural and food financing and is one of the world's leading banks in supporting this sector. In addition to offering traditional banking services such as accounts, loans, and investments, the bank provides digital banking services and has a strong commitment to supporting sustainable projects and environmental preservation. Rabobank is known for providing innovative solutions to finance sustainable agriculture and reduce the impact of climate change.

The partnership between the two banks will focus on enhancing agricultural sustainability and adopting advanced technological solutions to improve productivity. The two parties aim to support small and medium-sized enterprises and develop the capabilities of farmers, contributing to improving the agricultural sector's efficiency and creating more job opportunities.

The CAC Bank team expressed optimism about the prospects of cooperation with Rabobank, confirming that this partnership will open new horizons for innovation and sustainable development in the country. Representatives of Rabobank expressed their enthusiasm for investing in this partnership, affirming their commitment to strengthening collaboration in agricultural and technological development, with both sides looking forward to achieving tangible results that contribute to improving the local economy and enhancing food security.

Among the initiatives that can be implemented under this partnership is financing sustainable agricultural projects. The two banks can develop financial products tailored to support farmers adopting environmentally friendly agricultural practices, such as organic farming or hydroponics.

Additionally, the exchange of knowledge and technology will allow the sharing of expertise on sustainable agricultural techniques, helping farmers improve their productivity and reduce environmental impact.

The partnership will also contribute to fostering innovation in the agricultural sector by offering awards and supporting startups that provide new solutions to agricultural challenges, as well as organizing workshops and training courses for farmers on sustainable agricultural practices, including water and soil resource management.

The Acting Chairman and CEO of CAC Bank, Mr. Hashid Al-Hamdhani, emphasized that this partnership represents an opportunity to strengthen sustainable development in the agricultural sector, improve food security, and enhance the local community’s capacity to address environmental challenges.

He added that this partnership will benefit farmers and distributors by contributing to the development of sus