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Moroccan property magnate Alami Lazraq, founder and chairman of Alliances Développement Immobilier (ADI), has seen the market value of his stake in the real estate group approach $800 million after a sharp rally in the company’s shares on the Casablanca Stock Exchange.
Alami Lazraq’s ADI nears $800 million
Lazraq holds a controlling 51.7 percent stake in ADI, representing about 11.4 million shares. In less than two weeks, the value of his holding has risen from MAD5.6 billion ($607.3 million) on Oct. 15 to MAD6.9 billion ($748.4 million), edging closer to the $800 million milestone.
This gain follows an earlier rise between Oct. 2 and Oct. 10, when his stake rose by $36 million, underscoring investor confidence in Morocco’s property sector and ADI’s stable leadership.
Steady growth and market confidence
Founded 25 years ago, ADI is the cornerstone of Groupe Alliances, a conglomerate that has expanded its footprint across Morocco and North Africa. The company has played a large role in building homes, tourism, and infrastructure that are still altering Morocco's modern cities.
ADI’s recent rally is partly due to Morocco’s broader economic resilience and renewed optimism in the property sector. The company’s shares have gained 23.24 percent in the past two weeks, climbing from MAD491 ($53.22) on Oct. 15 to MAD605.10 ($65.59). That surge propelled ADI’s market cap above $1.4 billion, placing its shares among the top performers this month.
Morocco’s stock market outlook strengthens
ADI’s performance mirrors the broader rally in Moroccan equities, with several listed firms posting strong gains. The company’s stock has risen 15.26 percent so far in 2025, underscoring investor confidence in the economy and the sustained growth of the real estate sector. A $100,000 investment in ADI shares at the start of the year would now be worth $115,260.
