Moroccan billionaire and real estate developer Anas Sefrioui has seen his fortune increase by $100 million in less than 24 hours, according to Forbes’ real-time tracking of global wealth, driven by gains tied to his stake in listed homebuilder Douja Promotion Groupe Addoha.

His net worth moved from $1.4 billion at the market open yesterday to $1.5 billion at the time of drafting this report, reflecting a sharp revaluation of his stake as investor interest returned to Addoha shares on the Casablanca bourse. The movement adds fresh attention to one of Morocco’s most closely watched property fortunes.

At the center of the gain is Sefrioui’s 64.78 percent stake in Addoha, now valued at $1 billion. The holding climbed in line with a 5.5 percent rise in the company’s share price, as buyers returned to the stock following renewed trading activity in the Moroccan real estate sector.

Affordable housing drives corporate growth

For more than three decades, Addoha has remained a top player in Morocco’s housing market, with developments spanning Casablanca, Ain Aouda, El Jadida and Tetouan. The company has built tens of thousands of housing units, largely focused on the affordable segment, and has been closely linked to government-backed efforts to narrow the country’s housing deficit.

The company’s latest annual results show the financial backdrop behind the market’s reassessment. Addoha reported a 70 percent increase in consolidated net profit in 2025, rising to MAD516 million ($55.13 million). The improvement came as tighter project selection and more controlled execution lifted earnings, even as revenue growth remained modest.

Annual revenue rose 4 percent to MAD2.7 billion ($288 million), supported by completed projects in Morocco as well as operations in Côte d’Ivoire and Guinea. On a different accounting basis previously used in Morocco’s real estate sector, revenue would have stood higher at MAD3.5 billion, highlighting the gap between reported figures and underlying activity.

Anas Sefrioui expands presence in West Africa

Beyond the listed gains in his core business, Sefrioui is also making a new push into West Africa’s premium property segment. He is backing a residential and commercial project in Abidjan’s Zone 4 district valued at more than 3 billion dirhams, or about $300 million, marking one of his most significant commitments outside Morocco’s housing market.

At the same time, he completed the sale of his only cement plant in France, exiting a European industrial asset that had become increasingly difficult to justify within his broader portfolio. The transaction further shifts his focus toward African operations, where his CIMAF cement network remains one of the continent’s most geographically widespread industrial platforms.

Taken together, the latest changes in both his listed holdings and private investments underscore how closely Sefrioui’s fortune remains tied to developments within North Africa’s construction and real estate markets, where shifts in demand, pricing and investor sentiment are reflected quickly in his overall net worth.