Table of Contents
Key Points
- Alami Lazraq’s stake in ADI has dropped by $17.41 million over eight days, bringing its current value to $287.79 million.
- ADI’s share price fell 5.7%, reducing its market capitalization to under $560 million, following a decline in share prices from $26.75 to $25.22.
- Despite recent losses, ADI’s year-to-date performance is strong, with shares up 114.72%, turning a $100,000 investment into $214,720.
Moroccan real estate magnate Alami Lazraq has seen a notable decline in the market value of his stake in Alliances Développement Immobilier (ADI), dropping below the $300 million mark following a recent decrease in the company’s share price on the Casablanca Bourse.
According to data tracked by Billionaires.Africa, Lazraq’s stake in ADI has decreased by MAD 171.16 million ($17.41 million) over the past eight days, bringing its current value to MAD2.83 billion ($287.79 million).
This downturn follows a previous gain of $24.2 million that saw his stake rise from MAD2.73 billion ($276.51 million) to MAD2.97 billion ($300.75 million) between July 12 and 24.
ADI’s market capitalization slips below $560 million
ADI, a leading real estate developer under the Alliances Group, which Alami Lazraq founded 25 years ago, has experienced a 5.7 percent drop in share prices over the past eight days.
Shares fell from MAD263 ($26.75) on July 29 to MAD248 ($25.22), subsequently lowering the company’s market capitalization to under $560 million.
Alami Lazraq’s position remains strong despite setback
Lazraq, one of Morocco’s wealthiest individuals, holds a 51.7 percent majority stake in ADI, equating to 11,410,669 shares.
The recent dip in ADI shares has caused his stake to decline by MAD 171.16 million ($17.41 million) over the past eight days, from MAD3 billion ($305.2 million) on July 29 to MAD2.83 billion ($287.8 million).
While the recent losses are notable, Lazraq’s position remains robust, underpinned by his long-standing presence in the Moroccan real estate sector.
Your Money and Your Life: ADI’s YTD performance still impressive
Although the recent drop has rattled shareholders, ADI’s year-to-date (YTD) performance remains a bright spot. The company’s shares have surged by an impressive 114.72 percent since the beginning of the year.
This growth has provided substantial returns for early investors, with a $100,000 investment at the start of the year now valued at $214,720, representing a profit of $114,720.
