Moroccan billionaire Anas Sefrioui sees $102 million loss in 30 days

Key Points

• Anas Sefrioui’s stake in Douja Promotion Groupe Addoha drops by $102 million in 30 days, bringing its value down to the $1 billion mark amid sustained pressure on the Casablanca bourse.
• The decline follows an earlier $160.93 million loss, signaling mounting financial strain on both Sefrioui and Addoha due to economic headwinds and investor uncertainty.
• Addoha’s stock has fallen 8.7% in the past month and 2.8% year-to-date, pushing its market capitalization below $1.7 billion and eroding shareholder returns.

Moroccan real estate magnate Anas Sefrioui has suffered another financial blow, with the market value of his stake in Douja Promotion Groupe Addoha (Addoha) dropping by $102 million. The decline follows a sustained downturn on the Casablanca bourse and rising investor concerns over the company’s financial performance in the current fiscal year.

Addoha founder’s billion-dollar holding under pressure

Sefrioui, the founder and majority shareholder of the Casablanca-based real estate firm, holds a 64.78 percent stake—equivalent to approximately 260.8 million shares. Although he remains one of Africa’s wealthiest individuals, the value of his holding has fallen by MAD949.21 million ($102.23 million) in just 30 days, bringing the total worth of his stake down to the $1 billion mark. 

This latest setback compounds a prior loss of $160.93 million between March 27 and April 15, during which the value of Sefrioui’s stake fell from MAD12.11 billion ($1.3 billion) to MAD10.62 billion ($1.14 billion). The continued decline underscores the mounting financial pressure on both Sefrioui and Addoha as broader economic headwinds persist.

Share price dip drags Sefrioui’s stake down to $1.07 billion

Addoha, with its real estate projects spanning across Casablanca, Rabat, Tangier, Marrakech, and Fes, has been a key player in Morocco’s housing sector, drawing both local and international investors.

Addoha’s stock has suffered a notable decline on the Casablanca bourse, falling 8.7 percent over the past 30 days. The share price dropped from MAD41.84 ($4.51) on April 15 to MAD38.20 ($4.11), pushing the company’s market capitalization below $1.7 billion and triggering losses for shareholders. 

As a result of the downturn, the value of Sefrioui’s 64.78 percent stake has fallen by MAD949.21 million ($102.23 million), sliding from MAD10.91 billion ($1.18 billion) to MAD9.96 billion ($1.07 billion). Despite the setback, Sefrioui’s net worth remains solid at $1.6 billion, according to Forbes, ranking him as the 1,954th richest person globally.

Addoha’s stock down 2.8%

Addoha’s recent stock downturn has pushed its year-to-date change into negative territory, with the share price declining by 2.8 percent since the start of 2025. This reflects broader investor caution amid economic uncertainty and sector-specific headwinds facing Morocco’s real estate market. A $100,000 investment in Addoha shares at the start of the year would now be worth 97,200—a paper loss of $2,800.