Moroccan real estate mogul Alami Lazraq’s ADI stake hits $610 million

Key Points

• Alami Lazraq’s ADI stake rises to $610 million as shares jump nearly 8% in 25 days, signaling a strong recovery.
• ADI shares rise 7.85% in 25 days, pushing market cap past $1.1 billion; Lazraq’s stake gains $44.44 million.
• ADI’s steady 2.91% YTD growth positions it as a top real estate investment in Morocco’s recovering property market.

Moroccan real estate mogul Alami Lazraq, founder and chairman of Alliances Développement Immobilier (ADI), is seeing a strong recovery in his fortune as shares of ADI continue to rise. The rally has pushed the value of his stake in the company to $610 million.

Lazraq, who owns a controlling 51.7-percent stake in ADI, about 11.4 million shares, has gained $44.44 million over the past month alone. It’s a reversal for the real estate mogul, who earlier this year faced a steep $123.26 million drop in his stake following a dip in ADI stock price.

The recent rebound marks a fresh start for Lazraq, fueled by stronger company fundamentals and a more positive mood among investors. It’s a clear sign that ADI is finding its footing again after a tough stretch.

ADI shares climb nearly 8% in 25 days

Founded 25 years ago, ADI has grown into one of Morocco’s leading real estate developers, with projects spanning residential, tourism, and mixed-use spaces.

Its steady financial results are helping to rebuild investor confidence in Morocco’s property market, which continues to draw interest from both big institutions and everyday investors.

In the past 25 trading days, ADI shares have jumped 7.85 percent, rising from MAD458 ($49.6) on Apr. 11 to MAD493.95 ($53.49) as of May 6. This strong rise has pushed ADI’s market capitalization above $1.1 billion, a comeback for one of North Africa’s top real estate names.

For Lazraq, the rally has lifted the value of his personal stake from MAD5.23 billion ($566.17 million) to MAD5.64 billion ($610.61 million), strengthening his place as one of Morocco’s most influential business leaders.

Year-to-date growth: steady but promising

So far this year, ADI shares are up 2.91 percent, not explosive, but steady growth in a market still feeling the aftershocks of trade tensions. For investors, the gains are real: a $100,000 investment at the start of 2025 would now be worth $102,910, earning a profit of $2,910.

The stock’s recent performance has helped put ADI among the top real estate plays in Morocco, and reinforced Lazraq’s reputation as a key figure in the country’s business and property scene.