Table of Contents
Key Points
- Alami Lazraq's stake in ADI has dropped by $123.26 million, falling below $600 million due to a decline in share price.
- ADI shares fall 18.27% in the past month, reducing the company’s market value to under $1.1 billion, impacting major stakeholders like Lazraq.
- Despite recent losses, Lazraq maintains a strong position in ADI, reflecting his long-term commitment to Morocco’s real estate sector.
Moroccan real estate tycoon Alami Lazraq, founder of Alliances Group and one of the country's wealthiest businessmen, has faced a significant drop in the market value of his stake in Alliances Développement Immobilier (ADI) following a recent decline in the company’s share price on the Casablanca Bourse.
Lazraq’s stake slips below $600 million amid investor pullback
Lazraq, who holds a 51.7-percent stake in ADI, or 11,414,630 shares, has seen the market value of his stake drop by MAD1.02 billion ($123.26 million) over the past month. This decline has pushed his stake below $600 million, as global economic uncertainties continue to weigh on investor sentiment.
This recent decline adds to earlier losses of $52.22 million between Feb. 19 and Mar. 10, when his stake fell from MAD6.97 billion ($716.5 million) to MAD6.46 billion ($664.26 million), reflecting the ongoing challenges faced by the Casablanca-based real estate and investment firm.
ADI shares drop 18.27%, market value falls below $1.1 billion
ADI, based in Casablanca, is a key part of the Alliances Group, a real estate conglomerate founded by Alami Lazraq 25 years ago. Over the years, the group has built a strong presence in North Africa’s real estate market, expanding its portfolio and becoming a well-known name in the industry.
Recently, ADI shares on the Casablanca Bourse have taken a hit, dropping 18.27 percent in the past month. The stock fell from MAD560 ($59.12) on March 10 to MAD470.45 ($49.66), dragging the company’s market value below $1.1 billion. This decline marks a tough period for shareholders, including the company’s major stakeholder, Alami Lazraq.
Market pressure hits Lazraq’s stake
The drop in share price has led to a significant decrease in the market value of Lazraq’s 51.7 percent stake. It’s fallen from MAD6.39 billion ($674.79 million) to MAD5.37 billion ($551.53 million)—a loss of MAD1.02 billion ($123.26 million). Despite the recent downturn, Lazraq remains one of the most influential investors on the Casablanca Bourse.
Even with the recent losses, Lazraq’s strong position in ADI reflects his long-term commitment to Morocco’s real estate sector. While the market has put pressure on the company’s value, ADI’s steady fundamentals and modest performance this year suggest it continues to be an important player in the region’s property market.
The bigger picture
Although ADI shares have seen a significant drop recently, the company’s overall performance on the Casablanca Bourse this year has been relatively stable, with a slight 1.99 percent loss amidst ongoing market challenges. For investors, this means that a $100,000 investment at the start of 2025 would now be worth around $98,010, down by just $1,990 despite broader market pressures.
