Moroccan Billionaire Anas Sefrioui Sees 102 Million Loss In 30 Days

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.

Addohas 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 companys financial performance in the current fiscal year.

Sefrioui, the founder and majority shareholder of the Casablanca-based real estate firm, holds a 64.78 percent stakeequivalent to approximately 260.8 million shares. Although he remains one of Africas 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 Sefriouis 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.

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.

Addohas 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 companys market capitalization below 1.7 billion and triggering losses for shareholders.