The Chairman of the Board of Directors of ACAD Finance Company Mr. Adnan Faramand and the president of the French International Solidarity for Development and Investment Company "SIDI" Mr. Dominque Lesaffre’ signed a loan agreement under which the latter will grant ACAD Finance a loan of half a million dollars.

Mr. Faramand, said that the loan is an extension of a financial and non-financial partnership and cooperation that has been in place since 1997, noting that the loan will be used to finance small-scale agricultural projects in rural areas and areas classified as "C".