The strategic shift of Yariv Elbaz in the Moroccan market
In a move that signals a major transformation of his business portfolio, the Moroccan Competition Council recently authorized a significant transaction in April 2026. Cap Holding, the group led by Chakib Alj, has officially been cleared to acquire a 68% stake in Forafric Agro Holdings Limited. This entity was previously a key asset of Forafric Global, where Yariv Elbaz served as the primary shareholder.
By relinquishing control of this industrial powerhouse, Yariv Elbaz is closing a chapter on his involvement in the milling industry. This transition is not a retirement but a tactical pivot. The businessman, who first made his mark in the world of finance, is now channeling his focus and resources into sectors that sit at the heart of modern sovereignty: artificial intelligence, drone technology, and aerial defense systems.
Yariv Elbaz has long been recognized as a silent but powerful architect of international relations, particularly within the trilateral dynamic involving Morocco, Israel, and the United States. His influence has consistently bridged the gap between high-level diplomacy and large-scale economic ventures. This latest move underscores his evolution from a financier to a strategic player in the global technology and security landscape.
