US EditionAlami Lazraq’s ADI stake drops $33 million as shares slide
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Alami Lazraq’s ADI stake drops $33 million as shares slide
Key PointsAlami Lazraq’s stake in ADI lost $33.7 million in value over 23 days as shares slid on the Casablanca Stock Exchange.ADI stock fell 5.29% since July 9, pushing the company’s market value below $1.2 billion amid weaker investor interest.Year-to-date, ADI shares are down 0.42%; a $100,000 investment on Jan. 1 is now worth $99,580.Moroccan businessman Alami Lazraq, founder of the real estate and infrastructure firm Alliances Développement…
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