Table of Contents
Key Points
- Alami Lazraq’s ADI stake gains $46.4 million in 15 days amid rising investor confidence in Morocco’s real estate sector.
- ADI stock jumps 9.11% from MAD450 to MAD486.5, lifting the company’s market cap above $1.2 billion.
- Despite rebound, ADI still down 6.48% YTD, highlighting continued volatility in the Moroccan property market.
Moroccan real estate tycoon Alami Lazraq, founder of Alliances Group, has seen a fresh boost in the value of his stake in Alliances Développement Immobilier (ADI), as the share price of the real estate giant continues to rise on the Casablanca Stock Exchange.
Lazraq, who holds a 51.7 percent stake in ADI—about 11.4 million shares—has gained MAD416.49 million ($46.4 million) in just two weeks. The jump in value reflects growing investor confidence in Morocco’s property sector. With this gain, Lazraq further solidifies his standing as one of the market’s most prominent figures.
This latest increase follows an earlier gain of MAD788 million ($78.63 million) recorded between May 27 and June 6, when the value of his stake climbed from MAD5.21 billion ($570.38 million) to MAD5.93 billion ($649.01 million). The continued rise in ADI’s stock points to sustained interest from investors and strong performance in the sector.
Share surge adds $46.39 million in 15 days
ADI, the Casablanca-based real estate developer, has long been the centerpiece of Alliances Group, a company founded by Alami Lazraq 25 years ago. Over the years, the group has earned a solid reputation in North Africa’s property market, steadily expanding its footprint and strengthening its role in the region's real estate landscape.
In the past two weeks, investor confidence in ADI has grown. The company’s stock has gained 9.11 percent, rising from MAD450 ($50.10) on June 19 to MAD486.5 ($54.20). That bump has pushed ADI’s market cap past $1.2 billion and added more than MAD416 million ($46.4 million) to Lazraq’s net worth. His stake in ADI is now valued at MAD5.55 billion ($618.4 million), up from MAD5.13 billion ($572 million) just two weeks earlier.
With investor interest picking up and Morocco’s economy showing signs of improvement, there’s a growing sense that both ADI and Lazraq’s fortune could see more gains in the months ahead, especially if the current pace of demand in the property market holds steady.
ADI stock falls 6.48% YTD
Even with the recent rebound, ADI shares remain down 6.48 percent since the start of the year. For everyday investors, the dip is a reminder of how quickly market sentiment can shift. A $100,000 investment in ADI shares on Jan. 1, 2025, would now be worth $93,520—a loss of $6,480.
