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Moroccan billionaire Anas Sefrioui has seen the value of his holdings fall sharply after shares of Douja Promotion Groupe Addoha, the real estate company he founded, slid on the Casablanca stock exchange. Since Sept. 3, the market value of his stake has dropped by $199 million.
Anas Sefrioui loses nearly $200 million from Groupe Addoha stake
Sefrioui, who owns 64.78 percent of Addoha—about 260.8 million shares—remains one of Africa’s wealthiest individuals despite the decline. Over the past 29 days, the value of his holdings fell by MAD1.81 billion ($199 million), as investors responded to mounting concerns about Morocco’s property sector.
Addoha shares lost 16.14 percent during this period, falling from MAD42.99 ($4.72) on Sept. 3 to MAD36.05 ($3.96). The drop pushed the company’s market capitalization below $1.7 billion, reducing value for both retail and institutional investors. Sefrioui’s majority stake, once worth MAD11.21 billion ($1.23 billion), now stands at MAD9.40 billion ($1.03 billion).
The decline followed a brief rebound in late August. Between Aug. 29 and Sept. 2, the value of Sefrioui’s stake rose nearly $111 million, lifting hopes among investors of a potential recovery. His holdings climbed from MAD10.04 billion ($1.12 billion) to MAD11.04 billion ($1.23 billion) before the September slide wiped out the gains.
Confidence shaken in Addoha
Addoha’s losses mirror a wider trend this year. Since January, the company’s shares have dropped 18.64 percent. Retail investors have felt the pinch as well as a $100,000 stake at the start of 2025 would now be worth around $81,360 representing a paper loss of $18,640.
The decline has shaken confidence in Addoha, a top player in Morocco’s real estate sector. The company has developed housing projects in Casablanca, Rabat, Tangier, Marrakech and Fes, targeting both middle-class and high-end buyers. The drop mirrors investor caution as the property market slows and costs rise.
