Morocco’s ‘hidden’ billionaire

You won’t find Anas Sefrioui on the Forbes richest list, but that does not mean he is not worthy of their attention. Having raked in $2.6-billion, he has made it into Bloomberg’s short list of hidden billionaires.

The newswire notes that Sefrioui founded the property development company Douja Promotion Groupe Addoha in 1988.

“With the help of government subsidies, the company has built more than 190,000 homes spanning almost 15,000 acres throughout Morocco.
It has diversified into cement and resorts… Sefrioui earned more than $330million by selling shares during the company’s 2006 public offering
on the Casablanca Stock Exchange, filings show.”

Sefrioui is also Vice Chairman of Supervisory Board of Banque Populaire de Casablanca. He has been Chairman of the Board of Ciments de l’Atlas, Member of the Board of Lasry Maroc and Member of the Supervisory Board of Maroc Assistance. Mr. Sefrioui is also Member of Fondation CGEM.

What The Forbes Billionaire List Reveals About Middle East Turmoil What the Forbes billionaire list may tell us about the problems of wealth-distribution in the Middle East. Read More __spr_config = { pid: '4e28d63ec2b2195dcf000004', title: 'What The Forbes Billionaire List...

0 comments

Other articlesgo to homepage

	An Economic Model For Arab Spring Countries: UAE, Turkey, Malaysia Or Indonesia?(0) Kuwait’s Finance Minister warns that the state’s rising wages and subsidies bill could lead to the devaluation of the dinar and compel the state to sell off assets to meet the out-of-control expenses

	Arab Spring-Related Economic Losses For Affected Countries: $56-Billion(0) The Arab Spring not only cost at least three dictators their jobs but also $56-billlion in lost GDP for the worst affected countries, according to a statistical study by a consulting firm

	Troubled Tunisians Wonder If Grassroots Revolution Will Not Raise Their Living Standards, What Will?(0) As Tunisia prepares for elections in October, the chronic and fundamental weaknesses in the country’s political and economic structures are becoming evident

	Cast Your Vote In Arab Spring Awards(0) TweetSpring is nearly six months old. It is time to take stock, remember those who lost their lives and continue to fight, and hand out some well-deserved awards to the key players. The New York Times columnist Nicholas Kristof, asked the rhetorical question ‘What Country Handled Arab Spring The Best? His own answer: Morocco. But

	The Ball Is Is Still In Moroccan King Mohammed’s (Royal) Court(0) TweetIn a landmark speech the Moroccan king offered to reduce his powers under a new more democratic Constitution. Can this overture quell political descent and serve as a role model for other monarchies? READ MORE HERE __spr_config = { pid: ’4e28d63ec2b2195dcf000004′, title: ‘The Ball Is Is Still In Moroccan King Mohammed\’s (Royal) Court’, ckw: ‘King

Contacts and information

AlifArabia’s aim is to offer a brutally frank but sincere analysis on the Middle East region’s business and political issues. It wants to see a thriving and dynamic Middle East that encourages corporate and government transparency, investments and policies that allow the economies to grow.