Strategic pivot for Yariv Elbaz in the Moroccan market
In a significant shift within the Moroccan industrial landscape, the national Competition Council gave its final approval in April 2026 for a major acquisition. Cap Holding, the investment vehicle owned by Chakib Alj, has successfully taken over a 68% stake in Forafric Agro Holdings Limited. This entity is a key subsidiary of Forafric Global, where Yariv Elbaz previously held the position of majority shareholder.
By relinquishing control of this prominent industrial player, Yariv Elbaz is signaling a profound change in his professional trajectory. The entrepreneur, who initially established his reputation in the world of finance, is now redirecting his capital and influence toward sectors of critical strategic importance. His new roadmap focuses heavily on artificial intelligence, drone technology, and advanced air defense systems.
Yariv Elbaz has long been recognized as a central figure navigating the complex geopolitical and economic ties between Morocco, Israel, and the United States. His career has been defined by an ability to build influence where business interests meet diplomatic objectives. This latest move marks the end of an era in the milling sector and the beginning of a high-tech venture for an entrepreneur known for his discretion and strategic foresight.