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.
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.
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.
Lazraq, who controls 51.7 percent of ADI, owns 11.4 million shares, making him the largest shareholder in the company.
Real estate mogul Alami Lazraq’s wealth climbs amid soaring ADI shares.
Despite this setback, Lazraq remains a leading investor on the Casablanca bourse and is still recognized as a prominent Moroccan entrepreneur.
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.
Despite this setback, Lazraq remains one of the wealthiest investors on the Casablanca bourse and continues to be recognized as a prominent Moroccan businessman.
Lazraq’s stake in ADI has experienced a substantial increase of MAD229.92 million ($22.87 million) in the last 25 days, attributed to the rise in the company’s shares.
This surge not only solidifies his position among the leading investors on the Casablanca bourse but also reaffirms his standing as one of Morocco’s wealthiest individuals.
This surge strengthens Alami Lazraq’s standing among the top investors on the Casablanca stock exchange
Lazraq, who founded Alliances Group in 1994, owns a 51.7-percent stake, amounting to 11,410,669 in the group’s publicly traded subsidiary, ADI.