Forafric Global PLC
NASDAQ Capital MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Khalid Assari
- Full Time Employees
- 600
- Sector
- Consumer Defensive
- Industry
- Agricultural Farm Products
- Address
- Madison Building Gibraltar Gibraltar GX11 1AA
- IPO Date
- Feb 5, 2021
- CIK
- 0001903870
- Website
- forafric.com
- Similar Companies
- Business
- Forafric Global PLC (Nasdaq: AFRI) is a vertically integrated agribusiness engaged in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products, primarily wheat and grain-based items; it operates through Soft Wheat, Durum Wheat, and Couscous and Pasta segments, offering wheat flours, semolina, pasta and couscous under the TRIA and MayMouna brand names to wholesale food manufacturers and distributors. Founded in 1926 and headquartered in Gibraltar, the company maintains primary milling and processing operations in Morocco, with activities extending to Burkina Faso, Mali and exports to approximately 45 countries worldwide; it features substantial grain storage capacity exceeding 250,000 tons and serves key markets in Africa focused on food security. Recent developments include the 2023 acquisition of the SIMS mill in Marrakesh to boost crushing capacity by over 300 tons per day, a 2024 10-year lease of a new Moroccan milling facility expected to add 600 tons per day of capacity with transition in Q3 2024, a February 2025 strategy shift emphasizing Morocco and soft wheat operations alongside divestment of non-core assets, and an April 2025 leadership transition appointing a new chairman of the board.
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Forafric Acquires SIMS mill in Marrakesh Increasing Crushing Capacity to More Than 300 Tons per Day