Real estate investment could elevate Anas Sefrioui back to Moroccan billionaire ranks
Moroccan businessman Anas Sefrioui sees $143-million gain on ADH stake
Moroccan businessman Anas Sefrioui sees $143-million gain on ADH stake
This recent setback adds to Anas Sefrioui’s previous losses, with his stake in ADH declining by $30 million between May 21 and 27.
While Sefrioui’s fortune has dipped by over $30 million in recent weeks, it’s important to note that ADH remains a strong performer year-to-date.
Key Points: Moroccan businessman Anas Sefrioui, the majority shareholder of prominent Casablanca-based property developer Douja Promotion Groupe Addoha (ADH), has seen his…
According to data tracked by Billionaires.Africa, Sefrioui’s stake in ADH has declined by MAD900.65 million ($89.8 million) over the past nine days.
The purchase of the two-story mansion at 394 S. Hibiscus Drive, exemplifies the family’s penchant for exclusivity and grandeur.
This downturn comes on the heels of a period of significant growth for Sefrioui, who experienced a surge of $242.76 million between March 7 and April 8.
This surge in wealth cements his position as one of the richest investors on the Casablanca bourse and among Morocco’s most affluent businesspeople.
Over the past three weeks, ADH’s share price has experienced significant growth, pushing the market value of Sefrioui’s stake up by MAD890.33 million ($88.19 million).
This significant increase solidifies Sefrioui’s position as one of the wealthiest investors on the Casablanca bourse and one of Morocco’s most prosperous businessmen.
Despite the decline in the market value of his stake – Sefrioui remains one of the richest investors on the Casablanca bourse and one of the country’s richest businessmen.
Sefrioui owns a 64.1-percent stake in ADH, solidifying his position among the country’s wealthiest individuals.
Sefrioui, the visionary founder of the Casablanca-based real estate group who ranks as one of Morocco’s most affluent individuals, owns a 64.1-percent stake in ADH.
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.
Sefrioui, one of Morocco’s wealthiest businessmen, owns a 64.1 percent stake in the Moroccan property developer.