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Morocco’s property market is showing signs of a strong recovery, and billionaire real estate investor Anas Sefrioui is one of the sector’s main beneficiaries. His stake in Douja Promotion Groupe Addoha (ADH) has now surpassed $1.2 billion, placing him firmly among Africa’s wealthiest individuals.
Sefrioui’s holdings surpass $1.2 billion
The rise reflects growing confidence in Morocco’s real estate market, which has recently shown more stability after a period of mixed performance. Shares of ADH, the Casablanca-listed developer focused on affordable housing, have been climbing steadily, drawing interest from both institutional and retail investors.
For Sefrioui, the majority shareholder of ADH, the recent gains mark another significant chapter in his decades-long work transforming Morocco’s housing sector. He owns 64.78 percent of the company, or more than 260 million shares. Over just three trading sessions, the market value of his holdings increased by MAD1 billion ($111.32 million), lifting his stake above $1.2 billion.
Sefrioui’s stake climbs past $1.2 billion
Founded in 1988, ADH has become a key player in Morocco’s affordable housing sector, with developments across Casablanca, Ain Aouda, El Jadida, and Tetouan. Its projects are often seen as a signal for the broader real estate market, drawing attention from both retail investors and institutional funds seeking exposure to North Africa’s property sector.
In the past week, ADH’s stock price rose nearly 10 percent, climbing from MAD38.5 ($4.28) on August 29 to MAD42.34 ($4.70) in the latest trading session. The increase lifted the company’s market cap to more than $1.8 billion, cementing its position as Morocco’s leading property developer. The rally also had a direct impact on Sefrioui’s wealth, with his stake increasing from MAD10.04 billion ($1.12 billion) to MAD11.04 billion ($1.23 billion) over the same period.
Market volatility lingers despite rebound
Despite the recent rally, ADH shares are still down 4.45 percent for the year, reflecting the challenges facing Morocco’s stock market. A $100,000 investment at the start of January would now be worth around $95,550, showing that volatility remains a factor for investors.
