Moroccan Businessman Anas Sefrioui Profits $29.9M from ADH Shareholding

Moroccan businessman Anas Sefrioui, the majority stakeholder of famed Casablanca-based property developer Douja Promotion Groupe Addoha (ADH), has seen his fortunes increase dramatically in recent days. The market value of his investment has increased by about $30 million, owing to a rise in the company’s stock price.

Sefrioui’s stake in ADH has increased by MAD296.78 million ($29.87 million) in the last 11 days. This reversal comes after his shareholding value fell by approximately $90 million between April 29 and May 8, from MAD 8.64 billion ($861.71 million) to MAD 7.74 billion ($771.91 million).

ADH is a major player in Morocco’s real estate market, with a diverse portfolio around the nation. The company specializes in low-cost housing developments in major urban centers like as Casablanca, Ain Aouda, El Jadida, and Tetouan.

On the Casablanca stock exchange, ADH’s share price has risen by 3.76 percent, from MAD 30.60 ($3.080) on May 9 to MAD 31.75 ($3.195) at the time of writing. This growth has raised the company’s market value to $1.2 billion, resulting in significant benefits for shareholders, including Sefrioui.

Sefrioui, a visionary creator and one of MENA’s wealthiest businessmen, owns 64.1 percent of ADH (258,066,665 ordinary shares).

The recent share price surge has caused the market value of his stake to climb by MAD296.78 million ($29.87 million), from MAD7.9 billion ($794.69 million) on May 9 to MAD8.19 billion ($824.56 million) at the time of writing this report.

This boost cements Sefrioui’s position as a leading investor on the Casablanca stock exchange and one of Morocco’s wealthiest businesspeople, confirming ADH’s great performance and leadership in the country’s real estate market.

ADH shares have been among the best performers for individual investors this year, producing outstanding returns. Investors seeking to replicate billionaires’ wealth-building tactics by investing in new enterprises such as ADH have received big returns in 2024.

ADH’s shares on the Casablanca Stock Exchange have risen by more than 114% year to date. As a result, a $100,000 investment in ADH at the start of the year would now be worth $214,086, representing a profit of $114,086.

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