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Forafric Global

AFRI

Market cap $296M

10.97 USD

-0.13

1.17%

At close Updated Sep 25, 4:00 PM EDT

1 day

-1.17%

5 days

-1.88%

1 month

-0.27%

3 months

9.15%

6 months

16.33%

Year to date

-0.09%

1 year

26.67%

5 years

30.75%

10 years

30.75%

About: Forafric Global PLC is engaged in the production and sale of wheat flour, semolina, pasta, and couscous products. The company operates through the Soft Wheat, Durum Wheat, and Couscous & Pasta segments. Its main brands include MAYMOUNA and TRIA. It generates the majority of its revenue from the Soft Wheat segment.

Employees: 600

Consumer Staples Farm Products

News

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Sentiment 3-Months

Positive 0%

Neutral 100%

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Forafric Global Completes Landmark Cap Holding Transaction, Positioning Forafric Maroc for Next Phase of Growth

GIBRALTAR--(BUSINESS WIRE)--Forafric Global PLC (Nasdaq: AFRI) (“Forafric Global” or the “Company”), a leading vertically integrated food security company serving Africa, today announced the completion of the previously announced transaction through which its wholly owned subsidiary, Forafric Agro Industries, transferred a controlling interest in Forafric Maroc S.A. (“Forafric Maroc”) to Cap Holding SA (“Cap Holding”), a leading Moroccan industrial group. The transaction concludes restructuring.

Forafric Global Completes Landmark Cap Holding Transaction, Positioning Forafric Maroc for Next Phase of Growth

CORRECTING and REPLACING Forafric Global PLC Seeks Strategic Expansion Into Defense, Food Security and Energy and Adjacent High-Growth Sectors

CASABLANCA, Morocco--(BUSINESS WIRE)--Please replace the release with the following corrected version due to multiple revisions. The updated release reads: FORAFRIC GLOBAL PLC SEEKS STRATEGIC EXPANSION INTO DEFENSE, FOOD SECURITY AND ENERGY AND ADJACENT HIGH-GROWTH SECTORS The Company intends to collaborate with leading international defense companies specialized in state-of-the-art advanced defense and security technologies including unnamed and counter-unnamed system Forafric Global (Nasdaq:.

CORRECTING and REPLACING Forafric Global PLC Seeks Strategic Expansion Into Defense, Food Security and Energy and Adjacent High-Growth Sectors

Forafric Global PLC Announces Strategic Expansion Into Food Security, Defense and Energy and Adjacent High-Growth Sectors

CASABLANCA, Morocco--(BUSINESS WIRE)--Forafric Global (Nasdaq: AFRI, or the “Company”), a leading vertically integrated agribusiness serving Africa, today announced a strategic expansion of its business beyond its core agribusiness operations to position itself at the intersection of three high-growth sectors: food security, defense and energy infrastructure. This shift is designed to broaden the Company's role within sectors that are increasingly central to economic resilience, national securi.

Forafric Global PLC Announces Strategic Expansion Into Food Security, Defense and Energy and Adjacent High-Growth Sectors

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FORAFRIC GLOBAL Announces Leadership Transition: New Chairman of the Board Appointed

CASABLANCA, MOROCCO, April 04, 2025 (GLOBE NEWSWIRE) -- Forafric Global (Nasdaq: AFRI, or the « Company »), a leading vertically integrated agribusiness serving Africa, today announced that Khalid Assari, the CEO of the Company, has been appointed as Chairman of the Board, effective April 4th, 2025. Mr. Assari replaces Mr Saad Bendidi.

FORAFRIC GLOBAL Announces Leadership Transition: New Chairman of the Board Appointed

Forafric Adopts New Balance Sheet Strengthening Strategy

Announces Enhanced Focus on Morocco and Soft Wheat through Initiatives to include Divesting Non-Core Assets CASABLANCA, MOROCCO, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Forafric Global PLC (Nasdaq: AFRI, or the “Company”), a leading vertically integrated agribusiness serving Africa, today announced that it has adopted a new balance sheet strengthening strategy with a Morocco and soft wheat focus. As part of this initiative, the Company is divesting non-core assets: assets outside of Morocco, durum wheat focused businesses and logistics activities in Morocco.

Forafric Adopts New Balance Sheet Strengthening Strategy

Forafric Announces Nasdaq Compliance Status

CASABLANCA, MOROCCO, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Forafric Global PLC (Nasdaq: AFRI, or the “Company”), a vertically integrated agribusiness serving Africa, today announced that on January 14, 2025, it received written notice from the listing qualifications department of The Nasdaq Stock Market (“Nasdaq”) stating that since the Company has not yet filed a Form 6-K containing an interim balance sheet and income statement as of the end of its second quarter (the “Six Month Report”) by December 31, 2024, the Company was not in compliance with Listing Rule 5250 (c) (2) (the “Rule”).

Forafric Announces Nasdaq Compliance Status

Forafric Announces Plan to Expand with Lease of New Operating Facility; Expects to Increase Crushing Capacity by 600 Tons per Day

CASABLANCA, Morocco--(BUSINESS WIRE)--Forafric Global PLC (Nasdaq: AFRI, or “Forafric”), a vertically integrated agribusiness serving Africa, today announced it has entered into a 10-year renewable contract to lease and operate an existing milling facility located in the Meknes-Fes region of Morocco. This marks a significant milestone in the expansion of the Company's milling capabilities and positions Forafric for continued growth. This expansion is expected to increase the Company's milling c.

Forafric Announces Plan to Expand with Lease of New Operating Facility; Expects to Increase Crushing Capacity by 600 Tons per Day

Forafric Provides Business Update

CASABLANCA, Morocco--(BUSINESS WIRE)--Forafric Global PLC (Nasdaq: AFRI) (“Forafric”), a vertically integrated agribusiness serving Africa, today provided a business update. Recent Business Highlights Achieved record high crushing volume for the first nine months of 2023, with more than 443,000 Metric Tons (MT) of soft wheat processed in Morocco, its largest market Completed acquisition of 90% of Société Industrielle de Minoterie du Sud (“SIMS”), a soft wheat milling company with primary operat.

Forafric Provides Business Update

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