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Listing Date:
06Jul06
Size of Offering:
$314.84M
Equity Offering:
35%
Lead Managers:
Attijari Finances Corporation
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The Morocco-based Douja Promotion Groupe ADDOHA (ADH) is a real estate investor, developer and manager of residential properties and mixed-use resorts and communities.
ADH has a land bank of 60 million sq. m (646 million sq. ft.) and is developing 21 residential projects and eight mixed-use communities, as of 2010.
The company began developing Ryad Al Andalous, in 2009, a MAD4.23 billion (USD530.8 million) mixed-use project located in Rabat on an area of 540,000 sq. m (5.8 million sq. ft.). When completed in 2011, the project will comprise commercial offices, residential buildings, a mall, a mosque, a movie theater, a school, a hotel and leisure facilities.
The Bouskoura Golf City is a 1.2 million sq. m (13 million sq. ft.) mixed-use project that will include 18 golf courses, as well as villas, residential buildings, three commercial centers, restaurants, an open-air- theater, a club, a spa and a hotel surrounded by lakes and gardens when completed in 2011.
Major Shareholders  |
Section Updated: 30Nov11
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|
|
|
|
|
|
Anas Sefrioui
|
Private |
Morocco |
61.74% |
|
Noureddine Al Ayoubi
|
Private |
Morocco |
3.22% |
|
Public
|
|
- |
35.04% |
|
Direct Investments and Related Entities  |
| Subsidiaries/Associates/Affiliates |
|
|
|
|
| ADDOHA Essalam |
Morocco |
100.00% |
| ADDOHA Management |
Morocco |
100.00% |
| Dar Jawda |
Morocco |
100.00% |
| Marrakech Golden Resorts |
Morocco |
100.00% |
| Optim Immobilier |
Morocco |
100.00% |
| Promif |
Morocco |
100.00% |
| Promolog |
Morocco |
100.00% |
| Tanger Sakane |
Morocco |
100.00% |
| Al Qudra Addoha pour L'Investissement Immobilier |
Morocco |
50.00% |
| Beladi Hadji Fateh |
Morocco |
50.00% |
| Cap Spartel |
Morocco |
50.00% |
| Consortium Immobilier et Touristique Addoha Fadesa [CITAF] |
Morocco |
50.00% |
| Gilmaroc Seaside Resorts |
Morocco |
50.00% |
| Groupe Fadesa Maroc |
Morocco |
50.00% |
| Immolog |
Morocco |
50.00% |
| Mabani Zellidja |
Morocco |
50.00% |
|
| Developments and Projects |
|
|
|
|
| Al Amane |
Morocco |
100.00% |
| Al Baraka |
Morocco |
100.00% |
| Arreda |
Morocco |
100.00% |
| Bouskoura Golf City [via Consortium Immobilier et Touristique Addoha Fadesa] |
Morocco |
100.00% |
| Fes City Center |
Morocco |
100.00% |
| Islane |
Morocco |
100.00% |
| Les Portes de Marrakesh II |
Morocco |
100.00% |
| Les Résidences du Golf [via Mabani Zellidjia] |
Morocco |
100.00% |
| Plage des Nations |
Morocco |
100.00% |
| Ryad Al Andalus |
Morocco |
100.00% |
| Tanger Beach and Golf [via Gilmaroc Seaside Resorts] |
Morocco |
100.00% |
| Val Fleuri |
Morocco |
100.00% |
| Les Portes de Marrakesh I |
Morocco |
50.00% |
| Al Majd |
Morocco |
- |
| Annahda |
Morocco |
- |
| Annajah |
Morocco |
- |
| Annour |
Morocco |
- |
| Argan |
Morocco |
- |
| Cap Spartel project |
Morocco |
- |
| Country Club Palmeraie |
Morocco |
- |
| Dalila |
Morocco |
- |
| Essalam City |
Morocco |
- |
| Kamelis |
Morocco |
- |
| Les Portes de Sale |
Morocco |
- |
| Marrakech Golf City |
Morocco |
- |
| Najd |
Morocco |
- |
| Oliveraie |
Morocco |
- |
| Toulal |
Morocco |
- |
| Zhor Targa |
Morocco |
- |
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Auditors
| A Saadi et Associés |
Deloitte and Touche Middle East |
Banks
| Crédit Immobilier et Hôtelier |
Banque Centrale Populaire |
| Banque Marocaine du Commerce Extérieur |
|
Law Firms
| Saaidi and Hdid Consultants |
|
| Financial Results |
31-Dec-09 |
31-Dec-10 |
Yr on Yr |
| |
MAD'000 |
MAD'000 |
change (%) |
Total revenues  |
6,011,962
|
7,582,052
|
26.12 |
Net profit  |
877,924
|
1,685,777
|
92.02 |
| Total assets |
24,544,522
|
27,669,376
|
12.73 |
| Paid-up capital |
2,835,000
|
3,150,000
|
11.11 |
| Shareholders' Equity |
5,194,169
|
9,395,194
|
80.88 |
| Shares outstanding |
283,500
|
315,000
|
11.11 |
| Market capitalization |
29,342,250
|
32,760,000
|
11.65 |
| » View Full Financials |
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