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Chakib Alj moves to restart Forafric mills ahead of Ramadan demand
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Chakib Alj moves to restart Forafric mills ahead of Ramadan demand
Moroccan businessman Chakib Alj is moving to restart production at key flour mills linked to Forafric, shipping grain into plants in Meknes and Marrakesh as Ramadan demand nears and a takeover of the debt burdened group edges toward completion.Alj, who leads industrial conglomerate Cap Holding and also chairs Morocco’s main employers’ federation, CGEM, has been in talks to acquire control of Forafric, a milling and pasta producer that has strugg…
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