Table of Contents
Key Points
- ADI shares climb 14.71% in nine days, boosting its market value past $1.3 billion and strengthening its position on the Casablanca Bourse.
- Alami Lazraq gains $89.7 million from ADI’s stock rally, increasing his stake’s market value to nearly $700 million.
- ADI up 27.19% YTD, turning a $100,000 investment into $127,190, as investor confidence in North African real estate remains strong.
Moroccan real estate tycoon Alami Lazraq, founder of the Alliances Group and a key player in the sector, has seen another boost in the market value of his stake in Alliances Développement Immobilier (ADI) as the company’s shares continue to climb on the Casablanca Bourse.
Lazraq, who owns 51.7 percent of ADI—equivalent to 11.4 million shares—added MAD893.46 million ($89.7 million) to his portfolio in just nine days. This reflects growing investor confidence in ADI, further strengthening Lazraq’s standing among the wealthiest investors on the Casablanca Bourse.
This latest gain comes after an earlier increase of $37.2 million between Jan. 21 and Feb. 5, when the value of his stake rose from MAD5.77 billion ($575.63 million) to MAD6.15 billion ($612.83 million).
ADI shares surge, market cap hits $1.3 billion
ADI, based in Casablanca, is the backbone of the Alliances Group, a real estate conglomerate founded by Alami Lazraq 25 years ago. Over the years, the group has built a strong reputation in North Africa’s real estate market, expanding its portfolio and strengthening its position in the industry.
Its stock has been on a strong run, climbing 14.71 percent in the past nine days from MAD532.2 ($53.3) on Feb. 11 to MAD610.5 ($61.14) on the Casablanca Bourse. The surge has pushed the company’s market value past $1.3 billion, rewarding shareholders, including Lazraq, with solid gains.
Recent rally adds nearly $90 million to Lazraq’s wealth
The recent surge in ADI’s share price has boosted Lazraq’s holdings by MAD893.46 million ($89.7 million) in just nine days, raising the market value of his stake from MAD6.07 billion ($608.13 million) on Feb. 11 to MAD6.97 billion ($697.61 million), at the time of drafting this report.
With ADI’s stock still climbing and investor confidence holding steady, Lazraq’s fortune is set to rise even further. As the company cements its position in North Africa’s real estate sector, continued interest from investors could lead to even bigger gains for both ADI and its shareholders.
Your money and Your life
ADI has solidified its position as one of the most valuable stocks on the Casablanca Bourse, climbing 27.19 percent since the start of the year. An investor who put in $100,000 at the beginning of the year would now have $127,190, a gain of $27,190.
