Forafric Global Announces Letter of Intent to Acquire AL NASR, Establishing the Group's Defense Pillar

Forafric Global signed a letter of intent to acquire 100% of AL NASR Industries & Systems, a Morocco-based defense industrial platform, as it establishes a Defense pillar. AL NASR holds minority stakes in two companies building defense manufacturing plants in Morocco, both licensed under Moroccan Law No. 10-20; closing is expected in Q4 2026 pending diligence, board approval, and regulatory clearances. Notably, AL NASR is controlled by the same ultimate beneficial owner as Forafric, making this a related-party transaction, and no purchase price or financial terms were disclosed.

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