Forafric Global ( (AFRI) ) has provided an announcement.
On April 4, 2025, Forafric Global announced a leadership transition with the appointment of its CEO, Khalid Assari, as the new Chairman of the Board, succeeding Saad Bendidi. This strategic move is expected to strengthen Forafric’s leadership and advance its mission and strategic goals in the agribusiness sector. Khalid Assari brings extensive experience in the agricultural business, having held senior positions within Caisse de Dépôts (CDG Group), and holds an MBA in finance. This change in leadership is anticipated to have a positive impact on the company’s operations and industry positioning.
More about Forafric Global
Forafric Global is a leading agribusiness company operating in Africa, with a strong presence in Morocco and Sub-Saharan Africa. The company is a leader in the milling industry, offering a complete range of flour, semolina, and secondary processing products such as pasta and couscous. It operates 12 industrial units and 2 logistics platforms, exporting products to over 45 countries worldwide. Forafric is focused on expanding its operations in Morocco.
YTD Price Performance: -15.67%
Average Trading Volume: 12,346
Technical Sentiment Signal: Strong Buy
Current Market Cap: $230.1M
Learn more about AFRI stock on TipRanks’ Stock Analysis page.