While waiting for an upturn in performance, Addoha Maroc (Anas Sefrioui) increases its capital by $84m (+25%)
With a previous contribution of 1.17 billion dirhams ($121m), the main shareholder has already rebalanced the books of the company which is failing to take advantage of the booming real estate sector in Morocco.
16/12/2019 at 14h35, by Africa Business+
Douja Promotion Groupe Addoha, the Moroccan real estate developer whose poor operational performances have caused the share price to fall below its nominal value, aims to recapitalize by up to 800 million dirhams ($84m) to “inject immediate liquidity” and develop its business in West Africa.