13 Hrs
Source:
الصحيفة
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Source: الصحيفة
13 Hrsالصحيفة
Source: الصحيفة
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Forafric Global intends to acquire the entire share capital of Al-Nasr for Industries and Systems, with the acquisition targeted for the fourth quarter of 2026, following completion of due diligence, execution of definitive agreements, and receipt of the required approvals and licenses. The deal price and financing method have not yet been announced. Al-Nasr holds minority stakes in two companies developing factories for defense products. The transaction therefore would not give the group full ownership of the factories, nor does it establish that production has begun. The financing is a key consideration given that the group reported a net loss of about $13.8 million and an accumulated deficit of $154.6 million in 2025. Its disclosure concerning the sale of its assets or its financial obligations does not specify that any funds will be allocated to the purchase of Al-Nasr, making the cost and potential return impossible to assess at this stage.
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