KEY POINTS
- The Addoha share slump keyphrase pressure has erased $134.91 million from Sefrioui’s stake.
- The stock has declined more than 16 percent since November 3.
- A year-to-date drop highlights strain across Morocco’s real estate sector.
Moroccan billionaire Anas Sefrioui is confronting a sharp decline in the value of his stake in Douja Promotion Groupe Addoha after a sustained slide on the Casablanca stock exchange. The drop has stretched across a month of trading and has pushed fresh pressure onto one of the most closely tracked stocks in Morocco’s real estate sector. Since November 3, the market value of Sefrioui’s stake has fallen by $134.91 million, marking one of the most significant contractions in recent years for the company he founded and still controls.
Addoha shares extend a sharp slide
Sefrioui holds 64.78 percent of Addoha, a position that translates to about 260.8 million shares. He remains among Africa’s wealthiest business leaders. The downturn has nonetheless dented the value of his holdings, cutting them to $1.03 billion from $1.16 billion in early November. The reversal contrasts with a brief period of strength earlier in the year. Between October 15 and October 30, the stock staged a clear rebound that lifted Sefrioui’s stake by $178.6 million and encouraged investors who had been anticipating a longer recovery. The gains did not last. By early November, sell-offs resumed and the stock returned to weakened territory.
Addoha shares have since dropped 16.14 percent. The price slipped from MAD41.10 ($4.46) on November 3 to MAD36.33 ($3.94) today. The company’s market capitalization has fallen below $1.6 billion, trimming returns for retail and institutional shareholders who had expected stability after the October rebound. Market watchers say the downturn adds another layer of uncertainty to Morocco’s property sector, which has been navigating slower demand and fluctuating investor sentiment.
Billionaire investor faces mounting losses
For more than thirty years, Addoha has been central to property development in Morocco. The group has delivered tens of thousands of housing units in cities such as Casablanca, Ain Aouda, El Jadida and Tetouan. Its work has supported government-led programs designed to narrow the national housing gap. The company’s long presence in the affordable housing market has made its financial swings closely watched by banks, pension funds and homebuyers.
Accoridng to Billionaire Africa, since January, Addoha’s shares have lost 18.01 percent. An investment of $100,000 at the start of 2025 would now stand at about $81,990, reflecting a paper loss of $18,010. The latest drop highlights the volatility that continues to shape Morocco’s real estate market. For Sefrioui, the downturn marks one of the steepest paper losses linked to his flagship company in recent years. Investors say the coming months will indicate whether the stock finds a base or continues under pressure as the sector adjusts to shifting demand and financing conditions.
