Verification
Sources & references
Every date, figure, name and business milestone published on this website traces back to one of the sources listed on this page. Where sources disagree, both readings are shown. Where nothing reliable exists, nothing is claimed.
Method
The standard applied throughout
Stated in full so that any reader can hold the rest of the site to it.
Nothing is invented
No quotation, interview, award, statistic, revenue figure, net-worth estimate, investment, philanthropic activity, political association or personal detail appears on this website unless a published source records it. There are no illustrative case studies, no composite examples and no expert commentary from people who do not exist.
No quotations at all
No statement is attributed to Anas Sefrioui anywhere on this site. Reliable primary sources containing his direct words could not be verified during research, and an unverified quotation is worse than no quotation. Passages describing his thinking are explicitly framed as inference from documented decisions.
Three categories, kept apart
Content is labelled as verified fact (recorded by a named, checkable source), reported estimate (a third-party figure such as a net-worth valuation, which changes over time) or editorial analysis (the interpretation of this website). Where those categories sit close together, the page says which is which.
Company figures and national figures are never mixed
Moroccan national statistics — units contracted, units sold, housing-aid beneficiaries, construction employment, cement sales — describe the market as a whole. No share of any national total is attributed to Groupe Addoha or to Anas Sefrioui, because no reliable source apportions them.
Disagreements are shown, not resolved
Two examples appear on this site. CIMAF’s founding is dated to 2010 in the company’s own governance material and to 2012 elsewhere; both are recorded. Forbes publishes two different net-worth figures — an annual list snapshot and a continuously updated profile — and both are given with their dates.
Absence is reported honestly
Where the record is thin — childhood, schooling, the years between the family business and 1988, honours and awards, succession planning — this site says so rather than filling the gap. A short true account is preferred to a long invented one.
Figures are dated
Financial and ranking figures are historical records tied to a stated period. They are not forecasts, and nothing on this website constitutes investment advice.
Primary & corporate sources
Institutions that are party to the facts
The most reliable class of source available: the company’s own disclosure, its exchange, and the institutions that financed it.
Company profile, history and business segments
Source for: founding in 1988; the 1995 programme of 2,371 units; the 2000 state convention of at least 3,500 units; the 2006 listing; Prestigia (2009); the Addoha Foundation (2011); Coralia and the Ivorian conventions (2015); “Priorité au Cash 2020” (2018); the three-segment brand architecture; 148+ completed projects across 19 Moroccan cities totalling 257,517 units; sub-Saharan expansion from 2012 beginning in Senegal; Prestigia in Côte d’Ivoire from 2019.
Douja Promotion Groupe Addoha (ADH) — listed issuer record
Source for: the company’s status as a listed issuer on the Casablanca market and its ticker.
IFC, Proparco and EAIF invest in CIMAF
Source for: the €161.25 million financing package arranged in 2021 to expand CIMAF’s cement production capacity in West Africa.
IFC partners with Addoha Côte d’Ivoire
Source for: the March 2025 partnership to boost affordable housing supply in Côte d’Ivoire.
CIMAF governance
Source for: Anas Sefrioui’s role as chairman and chief executive of CIMAT and CIMAF; the founding of CIMAT in June 2007 and CIMAF in 2010; CIMAF’s presence in eleven West and Central African countries.
Business & financial press
Rankings, results and reporting
Net-worth valuations published by these outlets are estimates, not disclosures, and move with the Addoha share price.
Anas Sefrioui & family — profile
Source for: estimated net worth of USD 1.5 billion and world rank #2699 as recorded on 8 September 2026; age; Moroccan citizenship; residence in Casablanca; “real estate, self-made”; married with three children; Kenza Sefrioui as deputy chair; appearance on 14 Forbes lists.
Most Impactful Real Estate Leaders 2026
Source for: rank 57; the 64.8% stake in Groupe Addoha; more than 26,000 units in production with about 30% in West Africa as of 2025; operations across five African countries.
African Billionaires 2026
Source for: the 2026 list valuation of USD 1.3 billion, world rank #2,858 and African rank #22.
The World’s Richest Arabs 2026
Source for: inclusion in the annual ranking of the wealthiest Arab individuals and families.
FY2025 results coverage
Source for: net profit of MAD 516 million (up 70%); revenue of MAD 2.7 billion (up 4%) and MAD 3.5 billion on the previous accounting basis; net debt of MAD 4.385 billion; gearing of 30%; consolidated equity of MAD 10.4 billion; the 5,000-plus rehousing units; the premium pipeline of about MAD 12 billion; the approximately 64.78% stake and 260.7 million shares.
The Abidjan Zone 4 development
Source for: the commitment of more than MAD 3 billion (about USD 300 million); the four twenty-storey towers named Les Tours Éléphants; more than 150,000 square metres of usable floor space; offices and shopping centre.
USD 27 million for 5,600 homes in Abidjan
Source for: the reported financing amount and unit count associated with the IFC partnership in Côte d’Ivoire.
Reported as Morocco’s wealthiest businessman
Source for: the April 2025 report that his estimated fortune overtook those of Aziz Akhannouch and Othman Benjelloun.
CIMAF’s African refocusing
Source for: CIMAF’s founding in 2012 as reported by this outlet, its presence in eleven West and Central African countries, and the strategic concentration on the African continent.
Morocco’s three on the Forbes 2026 list
Source for: Morocco’s three representatives on the 40th annual Forbes World’s Billionaires list.
Morocco’s social housing programme, 2010–2020
Source for: approximately 2.1 million units contracted between 2010 and 2020; 716,331 units sold, averaging about 47,055 a year; 264,130 sales since 2020.
Addoha secures MAD 3 billion Abidjan project
Source for: the Abidjan project and the group’s West African expansion.
Addoha among five operators selected for Ghana’s social housing programme
Source for: the group’s selection as one of five operators under the Ghanaian programme.
Reference & policy sources
Biography, company history and public policy
General reference works are used for biographical and corporate-history detail and are corroborated against primary sources wherever possible.
Anas Sefrioui
Source for: date and place of birth (16 May 1957, Fez); his father Haj Abdeslam Sefrioui; leaving secondary school to work in the family clay business; the founding of the development group in 1988; the mid-1990s programme of government-subsidised homes; the 2005 public-housing contract reported at approximately USD 1 billion; the CIMAT plants at Settat and Beni Mellal at 1.6 million tonnes each; the 500,000-tonne facilities in Cameroon, Gabon, Côte d’Ivoire and Guinea; the 2013 cement packing facility proposed in Côte d’Ivoire.
Groupe Addoha
Source for: the July 2006 flotation of 35% of capital at MAD 585 per share; the post-listing share-price movement and the allegations raised in that period; the acquisition of 50% of Fadesa Maroc and the Mediterrania Saidia project of more than 700 hectares; the revenue-mix shift between 2010 and 2011; the 2021 financial snapshot (equity MAD 9.6 billion, debt MAD 4.7 billion, revenue MAD 1.2 billion, net loss MAD 96 million, 481 employees, 64% family ownership); the single-window sales concept; the 2,371 units at Aïn Sebaâ.
Addoha and the Fadesa Maroc acquisition
Source for: the MAD 1.3 billion paid for 50% of Fadesa Maroc in December 2007, the pre-emption right over the remaining half, and control of the Citaf and Optim Immobilier subsidiaries.
Morocco’s affordable housing policies
Source for: the structure of Morocco’s 2024–2028 direct housing aid programme — MAD 100,000 for homes up to MAD 300,000 and MAD 70,000 for homes between MAD 300,000 and MAD 700,000 — and its relationship to the Villes Sans Bidonvilles programme.
Housing aid programme uptake
Source for: more than 105,000 beneficiaries of the direct housing assistance programme, and the split of applications between the two price bands (about 62% and 38%).
Housing aid beneficiaries and programme effects
Source for: official communication of programme uptake, and the reported second-order effects — cement sales up 12.5%, housing loans up 3% and around 74,000 additional construction jobs.
Morocco country profile
Background reference on Moroccan housing finance, affordability and the structure of the national housing market.
Known limitations
What this profile cannot tell you
Set out explicitly, because a source page that lists only strengths is not a source page.
- No verified quotations. No direct statement by Anas Sefrioui could be verified in a primary source, so none is published.
- Early life is sparse. Schooling, the years before 1988 and family detail beyond his father’s name are not documented in reliable sources.
- No awards or honours are listed. None could be traced to a named awarding body.
- Net-worth figures are estimates. They are produced by third parties, move with the share price, and are given with their date.
- Two dates for CIMAF. Company governance material says 2010; other reporting says 2012. Both are shown.
- No philanthropic detail beyond the Addoha Foundation. Other charitable activity could not be verified.
- No political associations are described. None could be verified, and none is asserted.
- No social-media accounts. No official profile has been verified, so footer icons are unlinked.
- Figures are historical. Nothing here is a forecast or investment advice.
If you believe any statement on this website is inaccurate, incomplete or out of date, please write to im@digantsharma.com with the page concerned and the source you are relying on. Contact details in full are on the contact page.
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