Moroccan billionaire Alami Lazraq loses $75 million as ADI shares slide
Moroccan billionaire Alami Lazraq loses $75 million as ADI shares fall, reversing recent gains and reflecting cooling confidence in Morocco’s real estate market.
ADI
Moroccan tycoon Alami Lazraq’s stake in real estate company nears $800 million
Alami Lazraq’s stake in ADI nears $800 million as shares surge 23%, lifting investor confidence in Morocco’s booming real estate market.
Another Moroccan billionaire on the rise, as Alami Lazraq's ADI stake nears $700 million
Alami Lazraq’s ADI stake nears $700 million, reflecting rising influence in Morocco’s property market and wealth rankings.
Alami Lazraq’s stake in Moroccan real estate firm tops $600 million
Alami Lazraq’s ADI stake hits $618 million after stock rally adds $46.4 million to his wealth in just two weeks.
Alami Lazraq’s ADI stake now worth over $410 million
Over the past 11 days, Lazraq’s stake has gained MAD477.54 million ($47.72 million), boosting the market value of his stake to over $410 million.
Moroccan real estate mogul Alami Lazraq’s ADI stake nears $400 million
Real estate mogul Alami Lazraq’s wealth climbs amid soaring ADI shares.
Moroccan real estate magnate Alami Lazraq makes $10.8 million from ADI stake
This gain follows a period of decline, with Alami Lazraq’s shares in ADI dropping by $17.39 million between May 15 and 23
Moroccan real estate magnate Alami Lazraq sees $17.4-million decline in ADI stake
Despite this setback, Lazraq remains a leading investor on the Casablanca bourse and is still recognized as a prominent Moroccan entrepreneur.
Moroccan real estate mogul Alami Lazraq gains $30.8 million from ADI stake
This uptick follows a prior decline, where Lazraq’s holdings in ADI decreased by MAD57.4 million ($57.4 million) between April 15 and May 5.