Forafric appoints Khalid Assari as chairman of the board
Leadership Change: Khalid Assari has been appointed as the new Chairman of the Board for Forafric Global, succeeding Saad Bendidi.
Company Announcement: The announcement highlights a significant shift in leadership within the company’s governance structure.
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Top 3 Defensive Stocks That Are Preparing To Pump This Month
Oversold Stocks Opportunity: The consumer staples sector has several oversold stocks, identified by their RSI values below 30, indicating potential buying opportunities for undervalued companies.
Company Performance Highlights: B&G Foods, Forafric Global, and Paranovus Entertainment Technology have all reported significant stock declines recently, with B&G Foods experiencing a 38% drop after disappointing financial results.
FORAFRIC GLOBAL Announces Leadership Transition: New Chairman of the Board Appointed
Leadership Change: Khalid Assari has been appointed as Chairman of the Board for Forafric Global, effective April 4th, 2025, succeeding Saad Bendidi. Assari brings extensive experience in the agricultural sector and holds an MBA in finance.
Company Overview: Forafric Global is a prominent agribusiness in Africa, specializing in milling and exporting products like flour, semolina, pasta, and couscous to over 45 countries, with plans for continued expansion in Morocco.
Forafric Adopts New Balance Sheet Strengthening Strategy
Company Strategy: Forafric Global PLC is implementing a strategy focused on Morocco and soft wheat by divesting non-core assets, which is expected to generate between 80 and 100 million USD to strengthen its balance sheet and improve working capital.
Leadership Change: Mr. Khalid Assari has been appointed as the new CEO of Forafric Global PLC and its subsidiary Forafric Morocco, succeeding Mr. Mustapha Jamaleddine who retired at the end of 2024.
Forafric to divest non-core assets for $80M-$100M
Forafric's New Strategy: Forafric (AFRI) is implementing a balance sheet strengthening strategy focused on Morocco and soft wheat, which includes divesting non-core assets to generate estimated proceeds of $80M to $100M.
Investment Insights: TipRanks offers tools like Smart Score to help investors make informed decisions by monitoring stock performance and comparing it with Wall Street Analysts' recommendations.
Forafric Announces Nasdaq Compliance Status
Compliance with Nasdaq: Forafric Global PLC received a notice from Nasdaq regarding non-compliance due to the late filing of its Six Month Report, but subsequently filed the report and confirmed compliance on January 16, 2025.
Company Overview: Forafric is a leading agribusiness in Africa, specializing in milling and exporting products like flour and pasta, with operations across Morocco and Sub-Saharan Africa, aiming to enhance food security in the region.
Forafric Announces Plan to Expand with Lease of New Operating Facility; Expects to Increase Crushing Capacity by 600 Tons per Day
Top 3 Defensive Stocks That Are Preparing To Pump This Month
Oversold Stocks Opportunity: The consumer staples sector has several oversold stocks, identified by their RSI values below 30, indicating potential buying opportunities for undervalued companies.
Company Performance Highlights: B&G Foods, Forafric Global, and Paranovus Entertainment Technology have all reported significant stock declines recently, with B&G Foods experiencing a 38% drop after disappointing financial results.
FORAFRIC GLOBAL Announces Leadership Transition: New Chairman of the Board Appointed
Leadership Change: Khalid Assari has been appointed as Chairman of the Board for Forafric Global, effective April 4th, 2025, succeeding Saad Bendidi. Assari brings extensive experience in the agricultural sector and holds an MBA in finance.
Company Overview: Forafric Global is a prominent agribusiness in Africa, specializing in milling and exporting products like flour, semolina, pasta, and couscous to over 45 countries, with plans for continued expansion in Morocco.
Forafric Adopts New Balance Sheet Strengthening Strategy
Company Strategy: Forafric Global PLC is implementing a strategy focused on Morocco and soft wheat by divesting non-core assets, which is expected to generate between 80 and 100 million USD to strengthen its balance sheet and improve working capital.
Leadership Change: Mr. Khalid Assari has been appointed as the new CEO of Forafric Global PLC and its subsidiary Forafric Morocco, succeeding Mr. Mustapha Jamaleddine who retired at the end of 2024.
Forafric to divest non-core assets for $80M-$100M
Forafric's New Strategy: Forafric (AFRI) is implementing a balance sheet strengthening strategy focused on Morocco and soft wheat, which includes divesting non-core assets to generate estimated proceeds of $80M to $100M.
Investment Insights: TipRanks offers tools like Smart Score to help investors make informed decisions by monitoring stock performance and comparing it with Wall Street Analysts' recommendations.
Forafric Announces Nasdaq Compliance Status
Compliance with Nasdaq: Forafric Global PLC received a notice from Nasdaq regarding non-compliance due to the late filing of its Six Month Report, but subsequently filed the report and confirmed compliance on January 16, 2025.
Company Overview: Forafric is a leading agribusiness in Africa, specializing in milling and exporting products like flour and pasta, with operations across Morocco and Sub-Saharan Africa, aiming to enhance food security in the region.
Forafric Announces Plan to Expand with Lease of New Operating Facility; Expects to Increase Crushing Capacity by 600 Tons per Day
