Strategic shift for Yariv Elbaz as he exits Moroccan milling
The landscape of the Moroccan industrial sector is witnessing a significant transformation as Yariv Elbaz, a prominent figure in finance and industry, redirects his professional trajectory. In April 2026, the Moroccan Competition Council gave its green light for Cap Holding, led by Chakib Alj, to acquire a 68% stake in Forafric Agro Holdings Limited. This entity is a key branch of Forafric Global, where Yariv Elbaz previously held the majority of shares.
By relinquishing control of this major industrial player, the entrepreneur is signaling a clear departure from traditional sectors to embrace the technologies of the future. His new ambitions are firmly rooted in highly strategic domains, including artificial intelligence, unmanned aerial vehicles (drones), and aerospace defense systems.
A bridge between economic and diplomatic interests
Beyond his business ventures, Yariv Elbaz has established himself as a pivotal intermediary in the complex web of relations connecting Morocco, Israel, and the United States. His influence often operates at the intersection of high-level diplomacy and economic development, making him a discreet yet powerful architect of international partnerships.
The transition from the milling industry to advanced defense technology marks a new chapter for an entrepreneur known for his versatility. Having started his career in the financial sector, his journey through the industrial world of Forafric served as a foundation for his current pivot toward security and innovation.
This strategic realignment comes at a time when Morocco is increasingly positioning itself as a hub for technological advancement and regional security. The involvement of figures like Saâd Bendidi, Richard Attias, and Mohcine Jazouli in various capacities reflects the high-stakes environment in which Yariv Elbaz operates, navigating both market fluctuations and geopolitical shifts.
