In a significant shift within the Moroccan industrial landscape, the national Competition Council has greenlit a major acquisition. Cap Holding, led by Chakib Alj, is set to take over a 68% stake in Forafric Agro Holdings Limited. This entity was previously a key subsidiary of Forafric Global, where Yariv Elbaz held the majority share.
This divestment, finalized in April 2026, marks a turning point for Yariv Elbaz. After establishing himself as a prominent figure in the finance sector and later dominating the milling industry, the entrepreneur is now setting his sights on high-tech horizons. His future ventures are expected to focus on strategic domains, including artificial intelligence, drone technology, and advanced air defense systems.
Yariv Elbaz has long operated at the intersection of international business and diplomacy. His influence extends beyond the boardroom, as he has played a pivotal role in the tripartite relationship between Morocco, Israel, and the United States. This transition reflects a broader strategy to align his portfolio with modern security and technological needs.
The sale of this industrial jewel to Chakib Alj‘s group signals a changing of the guard in the agribusiness sector. While Forafric enters a new chapter under Cap Holding, Yariv Elbaz continues to evolve, moving from traditional commodities to the cutting edge of global innovation and defense. His journey remains a testament to a discreet yet powerful influence that spans multiple continents and industries.
Key figures such as Saâd Bendidi, Richard Attias, and Mohcine Jazouli remain part of the broader context surrounding these high-level economic shifts, highlighting the interconnected nature of Morocco‘s business elite.
