Welcome to our dedicated page for FORAFRIC GLOBAL PLC news (Ticker: AFRIW), a resource for investors and traders seeking the latest updates and insights on FORAFRIC GLOBAL PLC stock.
Forafric Global PLC (AFRIW) is a leading vertically integrated agribusiness specializing in soft wheat processing, producing staple foods like flour, semolina, and pasta under its MAYMOUNA and TRIA brands. This page provides investors and industry stakeholders with authoritative updates on corporate developments directly influencing global food supply chains.
Access real-time press releases covering earnings reports, production expansions, and strategic partnerships across Morocco and 45+ international markets. Our curated news feed ensures you stay informed about operational milestones, regulatory compliance updates, and market penetration efforts in the competitive food manufacturing sector.
Key coverage areas: quarterly financial results, sustainability initiatives, export volume announcements, and leadership changes. All content is rigorously verified to support data-driven decision-making for equity research and supply chain analysis.
Bookmark this page for streamlined access to AFRIW's evolving role in global wheat product distribution. Check regularly for insights into commodity price impacts, production innovations, and emerging market opportunities.
Forafric Global (Nasdaq: AFRI), a leading vertically integrated agribusiness serving Africa, announced a leadership transition with the appointment of CEO Khalid Assari as Chairman of the Board, effective April 4th, 2025. Assari, who replaces Saad Bendidi, brings experience from senior positions at Caisse de Dépôts (CDG Group) and holds an MBA in finance from Old Dominion University.
Forafric Global PLC (NASDAQ: AFRI) has announced a new strategic initiative focused on strengthening its balance sheet through concentration on Morocco operations and soft wheat business. The company plans to divest non-core assets, including operations outside Morocco, durum wheat businesses, and logistics activities in Morocco. This divestment program is expected to generate gross proceeds between $80-100 million, aimed at improving the company's working capital position.
Additionally, the company has appointed Khalid Assari as CEO of both Forafric Global and its wholly-owned subsidiary, Forafric Morocco, replacing Mustapha Jamaleddine who retired on December 31, 2024. Assari previously served as CEO of Forafric Morocco from 2016 to 2018 and has recent experience as an investor in Morocco's real estate and agrobusiness sectors.
Forafric Global PLC (Nasdaq: AFRI), an African agribusiness company, has resolved its compliance status with Nasdaq. The company initially received a notice of non-compliance on January 14, 2025, for failing to file its second quarter financial report (Form 6-K) by the December 31, 2024 deadline, violating Listing Rule 5250(c)(2). Forafric promptly addressed this issue by submitting the required Six Month Report to the SEC on January 16, 2025, after which Nasdaq confirmed the company's return to compliance status on the same day.
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