Moroccan businessman Anas Sefrioui, the majority shareholder in Douja Promotion Groupe Addoha (ADH), a Casablanca-based property developer, has recorded a notable boost in his fortune in recent times, thanks to the recent surge in the market value of his stake in the group.
The market value of Sefrioui’s stake in ADH has surged by MAD2.43 billion ($242.76 million) over the past month, reflecting growing investor interest in the real estate group headquartered in Casablanca. This uptrend continues a period of gains for Anas Sefrioui, with his ADH holdings increasing by $64.5 million between Feb. 15 and March 3.
ADH shares skyrocket by more than 50 percent
ADH tops Morocco’s property development and operation landscape, boasting a sprawling portfolio across the North African nation. The real estate group specializes in low-cost housing, with projects situated in major towns and cities like Casablanca, Ain Aouda, El Jadida, Tetouan, Beni Mellal, Marrakech, Fez, Sale, Tangier, Tamesna, and Rabat.
A recent surge in ADH shares has yielded significant gains for shareholders, including prominent investor Sefrioui. The stock price climbed 50.13 percent over the past month, rising from MAD 18.81 ($1.876) on March 7 to MAD28.24 ($2.817). This propelled ADH’s market capitalization above $1 billion, solidifying Anas Sefrioui’s position as one of the Casablanca bourse’s wealthiest investor
Moroccan tycoon Sefrioui’s fortune surges
Anas Sefrioui, founder and chairman of Casablanca-based real estate group ADH, ranks among Morocco’s wealthiest individuals. His 64.1-percent stake in the company has propelled him further up the wealth rankings in recent times.
According to data tracked by Billionaires.Africa, the market value of Sefrioui’s ADH stake has surged by MAD2.43 billion ($242.76 million), rising from MAD4.85 billion ($484.24 million) on March 7 to MAD7.29 billion ($727 million) at the time of drafting this report.
This surge in wealth cements his position as one of the richest investors on the Casablanca bourse and among Morocco’s most affluent businesspeople. It highlights ADH’s strong performance and its key role in the real estate sector, positioning both the company and Sefrioui at the forefront of Morocco’s economic landscape.
