Anas Sefrioui’s stake in ADH rebounds above $1.1 billion

Moroccan billionaire Anas Sefrioui has regained more than $170 million in recent weeks after shares of his real estate company, Douja Promotion Groupe Addoha (ADH), rallied on the Casablanca Bourse. The rebound lifted the value of his holdings back above $1.1 billion, easing concerns after a month-long slide that had wiped out nearly $200 million of his wealth.

ADH stock surge lifts Sefrioui’s fortune

Sefrioui, who founded ADH in 1988, owns 64.78 percent of the company—more than 260 million shares—making him one of Morocco’s leading business figures. His fortune is closely tied to the company’s performance, which is viewed as a gauge for the broader property market.

Between Sept. 3 and Oct. 2, ADH’s stock fell sharply as trading sentiment weakened, pushing the market value of Sefrioui’s stake down from MAD11.21 billion ($1.23 billion) to MAD9.40 billion ($1.03 billion). That decline drew attention to the slowdown in Morocco’s housing sector, which has been under pressure from higher financing costs and cautious consumer spending.

But since mid-October, ADH’s shares have staged a steady comeback. The stock has climbed 18 percent in two weeks—from MAD34.9 ($3.78) on Oct. 15 to MAD41.23 ($4.46)—lifting the company’s market capitalization above $1.7 billion. The rise added MAD1.65 billion ($178.6 million) to Sefrioui’s stake, restoring much of the value he lost earlier in the year.

ADH stock recovers, still lagging

ADH has been at the heart of Morocco’s housing expansion for more than three decades. The company built tens of thousands of affordable homes in cities including Casablanca, Ain Aouda, El Jadida, and Tetouan, supporting government efforts to reduce the housing deficit and expand urban infrastructure.

Even with the recent recovery, ADH shares remain 6.95 percent down so far this year. A $100,000 investment in the company’s stock in January would now be worth $93,050. This decline highlights how sentiment toward property developers in North Africa remains fragile, even as the region’s largest listed builder shows signs of renewed investor confidence.