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.
Alami Lazraq
Moroccan multimillionaire Alami Lazraq signs $320 million deal with Rixos to build luxury resorts
Alami Lazraq's Alliances Group has partnered with Turkey’s Rixos Hotels in a $320 million plan to expand Morocco’s high-end tourism footprint.
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.
Moroccan billionaire Alami Lazraq gains $36 million from ADI shares
Alami Lazraq gains $36 million in 8 days as shares of Alliances Développement Immobilier (ADI) surge on the Casablanca Bourse.
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.
Moroccan developer Alami Lazraq sees stake recover to $700 million
Moroccan tycoon Alami Lazraq’s stake in Alliance rebounds to nearly $700 million as ADI shares surge on the Casablanca bourse, lifting Morocco’s real estate market.
Moroccan businessman Alami Lazraq loses $33 million as ADI shares fall
Alami Lazraq’s stake in ADI drops $33 million as shares slide, reversing a sharp rally in Morocco’s real estate market.
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.
Moroccan billionaire Alami Lazraq gains $78 million from ADI shares
This is a reversal from early May when ADI came under pressure. Between May 6 and May 22, Lazraq’s stake lost MAD570.53 million ($61.78 million) in market value.
Moroccan real estate tycoon Alami Lazraq’s stake in ADI drops by $61 million
Shares of Alliances Développement Immobilier tumble nearly 10% as investor confidence wanes in Morocco’s property market.
Alami Lazraq’s stake in ADI slips below $600 million
Moroccan real estate tycoon Alami Lazraq has seen the market value of his stake drop by MAD1.02 billion ($123.26 million) over the past month.
Moroccan businessman Alami Lazraq’s real estate stake falls below $700 million
The decline comes after a strong run earlier this year. Between Feb. 11 and 19, the value of Lazraq’s holding jumped by $89.7 million.
Alami Lazraq, Moroccan real estate tycoon, gains nearly $90 million in nine days
This latest gain comes after an earlier increase of $37.2 million between Jan. 21 and Feb. 5.
Alami Lazraq’s fortune soars as Moroccan real estate stake tops $600 million
This secures Lazraq’s standing among Morocco’s wealthiest individuals, reinforcing his influence as a top investor on the Casablanca Bourse.
Moroccan real estate mogul Alami Lazraq sees $53 million wealth boost
Over the past sixteen days, his shares have increased by MAD536.49 million ($53.62 million), continuing the upward momentum seen throughout 2024.
Alami Lazraq’s stake in Moroccan real estate firm gains over $300 million
Lazraq’s stake, amounting to 11,414,630 shares, has gained MAD3.09 billion ($308.31 million) in market value since the beginning of the year.