Yariv Elbaz: a major shift in the moroccan industrial landscape

In a significant move for the Moroccan business sector, the national competition council approved a major transaction in April 2026. Cap Holding, led by Chakib Alj, has successfully acquired a 68% majority stake in Forafric Agro Holdings Limited. This company is a key subsidiary of Forafric Global, where Yariv Elbaz previously held the primary shareholding position.

By relinquishing control of this industrial powerhouse in Morocco, Yariv Elbaz is signaling a profound change in his professional trajectory. While his roots are firmly planted in the world of finance, his future ambitions are now set on cutting-edge and highly strategic industries. These include artificial intelligence, unmanned aerial vehicles (drones), and aerial defense systems.

A bridge between diplomacy and economics

Yariv Elbaz has long been recognized as a pivotal figure operating at the intersection of Morocco, Israel, and the United States. His career has been defined by an ability to navigate complex economic and diplomatic interests. This latest transition reflects a move toward sectors that are increasingly vital for national security and technological sovereignty.

The sale of Forafric marks the end of an era for Elbaz in the milling industry, but it opens a new chapter for an entrepreneur known for his discretion and significant influence. As he reallocates his resources, the impact of his focus on defense and AI is expected to be felt across the region’s strategic landscape.