Moroccan billionaire Anas Sefrioui’s stake in Addoha falls below $1 billion

Key Points

• Anas Sefrioui has lost over $90 million in 13 days as Addoha’s stock continues to slide on the Casablanca bourse, reducing the value of his 64.78% stake to under $1 billion.
• An 8.38% drop in Addoha’s stock over the past two weeks has pushed the company’s market capitalization below $1.6 billion, heightening concerns among investors.
• Year-to-date, Addoha’s stock has fallen 10.94%, turning a $100,000 investment at the start of 2025 into just $89,060, as economic uncertainty weighs on investor sentiment.

Moroccan real estate tycoon Anas Sefrioui has seen the market value of his stake in Douja Promotion Groupe Addoha (Addoha) drop below the $1 billion threshold, as a sustained decline in the company’s share price on the Casablanca bourse rattles investor confidence.

Addoha shares slide erases over $90 million from Sefrioui’s fortune

Sefrioui, founder and majority shareholder of the Casablanca-based real estate group, holds a 64.78 percent stake—equivalent to 260.8 million shares. Over the past 13 days, the value of his holdings has dropped by MAD834.47 million ($90.69 million), dealing a fresh blow to his net worth. Despite the setback, he remains one of Africa’s richest individuals.

This latest dip follows an earlier $102.23 million loss between April 15 and May 15, when the value of his stake declined from MAD10.91 billion ($1.18 billion) to MAD9.96 billion ($1.07 billion). The continued slide highlights mounting financial pressure as the company navigates challenging market conditions and broader economic headwinds.

Investor jitters deepen as Addoha’s market cap slips under $1.6 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 continued its downward trajectory on the Casablanca Bourse since late March, with a fresh 8.38-percent drop over the past 13 days, deepening investor concerns. The share price declined from MAD38.2 ($4.15) on May 14 to MAD35 ($3.80), pushing the company’s market capitalization below $1.6 billion and inflicting steep losses on shareholders. 

As a direct result of this slump, the value of Anas Sefrioui’s 64.78-percent stake has decreased by MAD834.47 million ($90.69 million), falling from MAD9.96 billion ($1.08 billion) to MAD9.13 billion ($991.87 million). Despite the recent downturn, Sefrioui’s net worth remains robust at an estimated $1.6 billion, according to Forbes, placing him 1,954th on the list of the world’s richest people.

Year-to-date performance down 10.94%

Addoha’s stock has continued to fall this year, adding to its losses so far in 2025. The share price has dropped by 10.94 percent since January, reflecting increasing concerns among investors about the uncertain economic climate. A $100,000 investment in Addoha shares at the start of the year would now be worth about $89,060, showing a paper loss of $10,940.