At a glance
The Addoha group builds and sells housing, mostly social and low-cost, in Morocco’s major cities. It also develops projects in West Africa, which account for 35% of its production programme.
History
Addoha was founded in 1988. Its IPO in July 2006 made its mark on the market: the offer of 35% of the capital was subscribed more than 17 times by over 22,000 investors. After the 2008 crisis the group slowed production and in 2015 launched a debt reduction plan called “Generation Cash”.
Latest published results
In the first half of 2026, consolidated revenue rose 9% to MAD 1.41 billion. Consolidated net income increased 20% to MAD 336 million, of which MAD 299 million attributable to the group (+13%). The group pre-sold 5,557 homes (+11%) and completed sales of 3,848 units (+36%). Net debt stood at MAD 5 billion.
What to watch
Conversion of the MAD 12.9 billion pre-sales backlog into revenue, and progress on the 23,791 homes in production.
Key dates
- 1988
Company founded.
- 2006
IPO in July: 35% of the capital at MAD 585 per share, with the offer subscribed more than 17 times.
- 2015
“Generation Cash” plan: less production and land buying, to cut debt.
- 2026
5,557 units pre-sold in the first half (+11%) and MAD 12.9 billion of pre-sales still to be booked.
Sources: Boursenews, Addoha : résultat net semestriel 2026, September 30, 2026; African Markets, fiche société Douja Promotion Groupe Addoha, October 29, 2026; Charika (Médias24), Addoha : parcours d'une entreprise qui a bouleversé la Bourse de Casablanca, July 6, 2018.
Profile updated on October 29, 2026.