Home » Moroccan tycoon Anas Sefrioui records $25.4-million gain as shares in Groupe Addoha soar

Moroccan tycoon Anas Sefrioui records $25.4-million gain as shares in Groupe Addoha soar

by Mfonobong Nsehe

Moroccan tycoon Anas Sefrioui has recorded a MAD234.84-million ($25.44 million) boost to his net worth in the past 15 days as the market value of his stake in the Moroccoan property developer Douja Promotion Groupe Addoha (ADH) soared above the $320-million mark.

ADH is Morocco’s largest property developer and operator with real estate programs and investments across the North African country. Sefrioui, one of Morocco’s richest men, controls a 64.1-percent stake amounting to 258,066,665 shares in the Moroccan property developer.

As of press time, Jan. 15, shares in the company were trading at a price of MAD11.52 ($1.248), 52-basis points lower than their opening price on the Casablanca bourse yesterday, Jan. 15.

At the current price, the market capitalization of ADH is MAD4.64 billion ($502.4 million), while the market value of Sefrioui’s 64.1-percent stake is valued at MAD2.97 billion ($322.08 million).

Since the start of the year, shares in the property developer have increased from MAD10.61 ($1.1495) at the closing of trading on the Casablanca bourse on Dec. 31, 2021 to a price of ($1.248) as of the time of drafting this report.

As a result of the price surge, the market value of Sefrioui’s majority stake in ADH has increased from MAD2.74 billion ($296.64 million) on Dec. 31, 2021 to MAD2.97 billion ($322.08 million) on Jan. 15.

This led to a total MAD234.84-million ($25.44 million) gain for the multimillionaire businessman since the year began.

In 2021, Sefrioui saw his stake surge by $117 million thanks to a 66-percent surge in the ADH share price over the year.

You may also like


The world’s premier source of news on Africa’s billionaires and UHNWIs.


Get the biweekly email to stay informed about African billionaires and UHNWIs. Get informed and entertained, for free.

Latest News

@2023 – Billionaires.Africa. All Rights Reserved.