Yariv Elbaz pivots from industrial milling to strategic defense and AI in Morocco
The landscape of Moroccan industry is witnessing a significant shift as Yariv Elbaz, a prominent figure in international finance and diplomacy, moves away from his traditional holdings. In April 2026, the Moroccan Competition Council officially authorized the acquisition of a 68% stake in Forafric Agro Holdings Limited by Cap Holding. This subsidiary of Forafric Global was previously under the majority control of Elbaz, and its sale marks a turning point in his business strategy within the kingdom.
A strategic transition to high-tech sectors
By relinquishing control of this industrial heavyweight to Chakib Alj, the head of Cap Holding, Yariv Elbaz is not merely exiting a sector but is instead realigning his interests. His future ambitions are now firmly set on highly sensitive and strateg...











