Anas Sefrioui, the prominent Moroccan tycoon and visionary behind Douja Promotion Groupe Addoha (ADH), a distinguished Casablanca-based real estate development group, has witnessed a significant upswing in his wealth in recent periods, successfully offsetting earlier setbacks tied to his investment in the real estate conglomerate.
Over the last 30 days, the market value of Sefrioui’s stake in ADH has surged by MAD 570.38 million ($56.16 million), reflecting a robust trend of local bourse investors progressively augmenting their positions in this influential Casablanca-based entity.
ADH shares surge 16 percent propelling shareholder gains and elevating Sefrioui’s wealth
ADH is the largest property developer in Morocco, with real estate programs and investments throughout the North African country. The real estate group develops low-cost housing in Morocco.
Its properties are located in towns and cities, including Casablanca, Ain Aouda, Al Jadida, Tetouan, Beni Mellal, Marrakech, Fes, Sale, Tanger, Tamesna, Meknes, Sale, Rabat, Kenitra, and Fgih Ben Saleh, among others.
Since Oct. 17, ADH’s share price has increased by 16 percent rising from MAD13.79 ($1.358) to MAD16 ($1.575) at the time of drafting this report. This substantial increase has resulted in significant gains for shareholders, particularly Sefrioui, positioning him among the wealthiest investors on the Casablanca bourse.
Anas Sefrioui’s resilience: A $78 million setback to $56 million surge in 30 days
Sefrioui, the visionary founder of the Casablanca-based real estate group and one of Morocco’s most affluent individuals, owns a majority 64.1-percent stake in ADH. Between Sept. 25 and Oct. 17, the esteemed businessman witnessed a notable dip in the market value of his stake in ADH, as it slumped by $78 million — from MAD4.46 billion ($434.64 million) to MAD3.65 billion ($356.12 million).
In recent times, insights from stock market data underscore a remarkable resurgence in Sefrioui’s fortunes. Over the last 30 days, his stake in ADH has surged by MAD570.38 million ($56.16 million), rising from MAD3.56 billion ($350.40 million) on Oct. 17 to MAD4.13 billion ($406.56 million) at the time of drafting this report.
This impressive rebound not only reaffirms Sefrioui’s standing as a pivotal figure in the Casablanca bourse but also cements his position as one of Morocco’s leading business magnates. His financial success over the years attests to his strategic acumen and solidifies his influence in the dynamic landscape of the region’s business sector.
