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 linked to Forafric Global PLC, a vertically integrated agribusiness active in the farm products industry and the Consumer Defensive sector. Company communications describe Forafric as an agribusiness player in Africa with activities in Morocco and Sub-Saharan Africa, focused on milling, flour, semolina, pasta, and couscous, and exporting products to more than 45 countries.
The news flow around Forafric often centers on its strategic focus, governance developments, and capital structure initiatives. Recent announcements have included a balance sheet strengthening strategy with a Morocco and soft wheat focus, involving divestment of non-core assets such as assets outside Morocco, durum wheat focused businesses, and certain logistics activities in Morocco. The company has also communicated leadership changes, such as the appointment of a new CEO and the subsequent appointment of that CEO as Chairman of the Board.
Investors following AFRIW-related news can expect updates on topics such as agribusiness strategy in Morocco and Sub-Saharan Africa, the company’s emphasis on soft wheat and milling operations, and developments related to its network of industrial units and logistics platforms. Regulatory and listing matters can also appear in the news, as illustrated by Forafric’s disclosure of a Nasdaq notice regarding a filing deadline and the subsequent confirmation that the company had returned to compliance after filing its Six Month Report.
This news page aggregates such company-specific items so readers can review announcements about strategic divestments, leadership transitions, and listing compliance in one place. For those tracking an agribusiness with a focus on flour, semolina, pasta, and couscous, the AFRI and AFRIW news stream provides context on how Forafric communicates its priorities and operational focus over time.
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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