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As Douiri's fortune rises, his strategic vision for Mutandis cements his role as a key player in Morocco's business landscape and a leader in the region's consumer goods sector.
This recent setback adds to Anas Sefrioui’s previous losses, with his stake in ADH declining by $30 million between May 21 and 27.
Key Points: Moroccan businessman Anas Sefrioui, the majority shareholder of prominent Casablanca-based property developer Douja Promotion Groupe Addoha (ADH), has seen his…
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.
Lazraq, a Moroccan real estate mogul who founded Alliances Group in 1994, owns 51.7 percent of the group’s publicly traded subsidiary, ADI.
Sefrioui, one of Morocco’s wealthiest businessmen, owns a 64-percent stake in the Moroccan property developer.
Tazi, the CEO and chairperson of Sothema, owns a substantial 8.4-percent stake in the leading healthcare company.
Tazi owns a substantial 8.4-percent stake in the leading healthcare company, or 605,030 issued shares.
Lazraq, who controls 51.7 percent of ADI, owns 11,410,669 ordinary shares of the company valued at more than $100 million.
Akhannouch, Morocco’s prime minister and wealthiest individual, has lost half a billion dollars due to declining petroleum assets.
Sefrioui owns a controlling 64.1-percent stake in Douja Promotion Groupe Addoha.
Benjelloun, the founder and general manager of Disway, owns 7.36 percent of the company’s total equity,
Amor owns a 56.17-percent stake in the Casablanca-based IT services provider.