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Forafric Global ( (AFRI) ) just unveiled an announcement.
Forafric Global PLC said on March 9, 2026, that it has filed a proposed deal with the Moroccan antitrust commission under which local industrial group Cap Holding SA could acquire a controlling stake in its indirect subsidiary Forafric Maroc SA. The potential transaction, positioned as part of Forafric’s broader effort to boost shareholder value, is subject to board and regulatory approvals, and its outcome could reshape the group’s Moroccan operations and capital structure.
At the same time, the company announced a board change, with Deputy CEO of Forafric Maroc SA, Johann Elbaz, joining Forafric Global’s board to replace outgoing director Paul Packer. Elbaz brings 18 years of experience in marketing, strategy and business development, and his elevation to the board underscores the growing strategic importance of the Moroccan business within the group’s governance framework.
More about Forafric Global
Forafric Global PLC is a Gibraltar-based foreign private issuer with operations in Morocco through subsidiaries such as Forafric Maroc SA. The company is focused on the agri‑food and industrial sector, with activities that span marketing, strategy, research and development, innovation and brand positioning in its key North African markets.
Average Trading Volume: 15,634
Technical Sentiment Signal: Hold
Current Market Cap: $260.4M
See more data about AFRI stock on TipRanks’ Stock Analysis page.