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Key Points
- Alami Lazraq's fortune soars, with his stake in Alliances Développement Immobilier nearing $400 million amid strong investor interest.
- Lazraq's 51.7% stake in ADI has gained MAD456.4 million ($47.1 million) in 19 days, boosting his total holdings significantly.
- ADI shares surged 14.3% recently, lifting the market cap to nearly $730 million, with year-to-date gains of 182.3% for investors.
Moroccan real estate mogul Alami Lazraq is witnessing his fortune climb to new heights, driven by his investment portfolio, particularly in Alliances Développement Immobilier (ADI). His stake in ADI is nearing $400 million, bolstered by strong investor interest.
According to data tracked by Billionaires.Africa, Lazraq, who controls a 51.7-percent stake in ADI—equating to 11,410,669 shares — has seen the market value of his holdings skyrocket by MAD456.4 million (approximately $47.1 million) over the past 19 days.
This recent surge brings his total holdings closer to the $400-million mark, reaffirming his status as one of Morocco’s wealthiest individuals. The latest surge follows a previous gain of $23.61 million between Aug. 13 and 30, when the value of Lazraq's shares increased from MAD2.8 billion ($285.12 million) to MAD3.03 billion ($308.74 million).
ADI stock jumps, market cap nears $730 million
ADI shares, traded on the Casablanca bourse, have surged 14.3 percent over the past 19 days, driven by impressive momentum. From Sept. 4, the stock price skyrocketed from MAD280 ($28.9) to MAD317 ($33.1), reflecting a remarkable upward surge.
This increase has propelled its market capitalization to nearly $730 million, with Lazraq's stake increasing from MAD3.2 billion ($329.7 million) on Sept. 4 to MAD3.65 billion ($376.8 million) — an impressive gain of MAD456.4 million ($47.1 million) in just over two weeks.
Your Money and Your Life
Founded by Alami Lazraq 25 years ago, ADI Group has become a key player in North Africa's real estate market, with a diverse portfolio. As the market evolves, Lazraq's strategic decisions are likely to keep him at the forefront of Morocco's business landscape.
ADI stands out on the Casablanca bourse, delivering significant returns to investors. Year-to-date, ADI shares have surged 182.3 percent. A $100,000 investment made at the start of the year would now be worth $274,460, resulting in a profit of $182,460.
