He was the founder of Ynna Holding and the owner of the Riad Mogador hotel chain and group of supermarkets Aswak Assalam in Morocco.

[8][9] In 2011, his fortune was estimated by Forbes Magazine at some $3 billion which made him the sixth richest man in Africa at the time, and the wealthiest person in Morocco.

At a time when trading business in Kenitra was restricted to the French, some Jewish businessmen, and some of the well known Moroccan families, Chaâbi ventured into the field.

This success was a turning point for Chaâbi's professional career, and as a result he founded Ynna Group which became one of the most powerful holding companies in Morocco.

In July 2008, he heavily criticized Driss Jettou's government for selling public properties at low prices without taking the proper legal procedures.