Moroccan billionaire Anas Sefrioui stages comeback as Addoha stake soars past $1.1 billion

Key Points

• Anas Sefrioui’s stake in Addoha surpasses $1.1 billion as shares surge, marking a major financial rebound for the Moroccan real estate mogul.
• Addoha’s stock rally has driven its market capitalization beyond $1.7 billion, fueled by investor confidence in Morocco’s expanding real estate sector.
• After dipping below $1 billion in 2017, Sefrioui’s fortune has rebounded to $1.5 billion, reaffirming his position among Africa’s wealthiest individuals.

Moroccan real estate mogul Anas Sefrioui has reestablished his position among Africa’s wealthiest individuals, with his stake in Douja Promotion Groupe Addoha (Addoha) surpassing $1.1 billion. The surge follows a sharp rise in the market value of his shares in the Casablanca-based property developer, marking a significant financial rebound for the seasoned investor.

Sefrioui’s stake crosses $1.1 billion as Addoha gains momentum

Sefrioui, who owns a 64.78 percent stake in Addoha—equivalent to 260,772,702 ordinary shares—has seen his investment appreciate by MAD 834.47 million ($84.62 million) since the beginning of the year. This increase has pushed the total value of his holding beyond the $1 billion threshold, reinforcing Addoha’s position as a key player in Morocco’s real estate sector.

This recent gain follows a remarkable $634.54 million surge in 2024, when the market value of his stake jumped from MAD 3.74 billion ($378.73 million) to MAD 10.25 billion ($1.01 billion). The steady uptrend highlights strong investor confidence in Addoha, which has cemented its status as Morocco’s leading property developer specializing in affordable housing.

ADH’s stock rally and market confidence

Addoha’s stock has climbed 8.14 percent since the start of the year, rising from MAD 39.3 ($3.99) per share on Jan. 1 to MAD 42.5 ($4.31). This upswing has driven the company’s market capitalization beyond $1.7 billion, fueled by growing investor optimism in Morocco’s expanding real estate market. 

The company, with projects spanning Casablanca, Rabat, Tangier, Marrakech, and Fes, continues to attract local and international investors eager to capitalize on its growth trajectory.

A billionaire’s financial comeback

The appreciation in Addoha’s stock price has strengthened Sefrioui’s financial standing, boosting the market value of his stake from MAD10.25 billion ($1.04 billion) on Jan. 1 to MAD11.08 billion ($1.12 billion). With this surge, his net worth has climbed back to $1.5 billion, restoring his position among Africa’s elite billionaires.

First recognized as a billionaire in 2012 with a net worth of $1.6 billion, Sefrioui saw his fortune dip below the billion-dollar mark in June 2017 due to market setbacks. His return to the billionaire rankings underscores both Addoha’s resilience and his enduring influence in Morocco’s real estate landscape. With Addoha’s sustained growth and investor confidence running high, Sefrioui’s financial resurgence signals a broader optimism for Morocco’s booming property sector.