The landscape of the Moroccan industrial sector is shifting as Cap Holding, under the leadership of Chakib Alj, secures a 68% stake in Forafric Agro Holdings Limited. This significant acquisition, greenlit by the Moroccan Competition Council in April 2026, marks the end of Yariv Elbaz’s tenure as the majority shareholder of the prominent milling enterprise.

A strategic pivot to high-tech and defense

Having established himself as a formidable force in the financial world before conquering the industrial sector, Yariv Elbaz is now pivoting toward cutting-edge technology. His future investments are set to target high-stakes domains, specifically focusing on artificial intelligence, unmanned aerial vehicles, and sophisticated air defense systems.

Influence at the crossroads of diplomacy

Beyond his business ventures, Yariv Elbaz remains a pivotal figure in the complex diplomatic triangle involving Morocco, Israel, and the United States. His career has been defined by a unique ability to navigate the intersection of international economics and geopolitical strategy, maintaining a level of influence that is as profound as it is understated.

By divesting from his industrial assets, the entrepreneur is realigning his portfolio with sectors that are increasingly vital to national and international security, marking a new chapter in a career characterized by bold transitions and strategic foresight.