Moroccan developer Alami Lazraq sees stake recover to $700 million

Moroccan property tycoon Alami Lazraq, founder of Alliances Développement Immobilier (ADI), has seen the value of his stake in the real estate company climb back to $700 million after a sharp rally on the Casablanca Stock Exchange. 

Alami Lazraq’s stake gains $85 million

Lazraq controls a 51.7 percent stake in ADI, or about 11.4 million shares. In less than three weeks, the value of his holding rose by MAD764.52 million ($84.95 million), moving from MAD5.45 billion ($606.03 million) on August 8 to MAD6.22 billion ($690.98 million). 

The rebound has also helped wipe out earlier losses. In July, Lazraq’s holding fell by $33.69 million when ADI’s share price dropped between July 9 and August 1, cutting the value of his stake from MAD5.79 billion ($637.41 million) to MAD5.48 billion ($603.72 million). With the latest surge, much of that ground has been recovered.

ADI shares rise, market cap tops $1.3 billion

Founded by Alami Lazraq 25 years ago, Alliances Group has grown into one of the region’s leading developers, shaping large-scale residential, commercial, and tourism projects across North Africa. Over the years, its steady growth has anchored the company as a central player in Morocco’s property market and a reference point for investors watching the sector.

Shares of ADI, the flagship company of Alami Lazraq’s Alliances Group, rose 14.02 percent in recent weeks, from MAD478 ($53.11) to MAD545 ($60.56). The increase pushed its market capitalization above $1.3 billion and lifted the value of Lazraq’s 51.7 percent stake from MAD5.45 billion ($606.03 million) on August 8 to MAD6.22 billion ($690.98 million).

ADI shares are up 13.5 percent this year

The rise in ADI mirrors broader gains in Moroccan equities, where several firms have recorded double-digit increases this year. ADI shares are up 13.54 percent in 2025. A $100,000 investment at the start of the year would now be worth $113,540.