Moroccan tycoon Anas Sefrioui records $25.4-million gain as shares in Groupe Addoha soar
Sefrioui, one of Morocco’s richest men, controls a 64.1-percent stake in Groupe Addoha.
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Sefrioui, one of Morocco’s richest men, controls a 64.1-percent stake in Groupe Addoha.
ADH is Morocco’s largest property developer and operator with real estate programs across the North African country.
Douja Promotion Groupe Addoha (ADH) is a Morocco-based real estate developer and construction company.
The gains can be linked to a 41-percent rise in the group’s share price on the Casablanca Stock Exchange.
The uptick follows a rise in the company’s shares on the Casablanca Stock Exchange.