Forafric Global signs LOI to buy Morocco defense platform AL NASR Industries & Systems
AFRI•Forafric Global entered a letter of intent to acquire 100% of Morocco-based AL NASR Industries & Systems. Closing is targeted for Q4 2026, subject to due diligence and definitive agreements.
1. Proposed acquisition
Forafric Global entered a letter of intent to acquire 100% of AL NASR Industries & Systems, a Morocco-based defense platform. The deal aims to position AL NASR as Forafric Global’s defense manufacturing base.
2. Morocco ventures
AL NASR holds minority stakes in two ventures developing defense product manufacturing plants in Morocco. Closing is targeted for Q4 2026, subject to due diligence and definitive agreements.
