Moroccan real estate mogul Alami Lazraq gains $22.8 million as ADI shares surge
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.
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, a Moroccan real estate mogul who founded Alliances Group in 1994, owns 51.7 percent of the group’s publicly traded subsidiary, ADI.
Lazraq, a Moroccan real estate mogul who founded Alliances Group in 1994, owns 51.7 percent of the group’s publicly traded subsidiary, ADI.
Lazraq, who controls 51.7 percent of ADI, owns 11,410,669 ordinary shares of the company valued at more than $100 million.
ADI is an active member of the Alliances Group.
The news solidifies his position as one of the richest investors on the Casablanca bourse.
Lazraq owns 51.7 percent of Casablanca-based property developer Alliances Developpement Immobilier SA.
Lazraq is one of Morocco’s wealthiest businesspeople.
Lazraq is one of the wealthiest investors on the Casablanca bourse.
Lazraq said the group met its goals for 2021 despite the pandemic.