US EditionMoroccan billionaire Alami Lazraq gains $78 million from ADI shares
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Moroccan billionaire Alami Lazraq gains $78 million from ADI shares
Key PointsMoroccan real estate magnate Alami Lazraq gained $78.63 million in 10 days as ADI shares surged 13.8% on Casablanca Bourse, boosting investor confidence.Lazraq’s 51.7% stake in ADI rose from $570 million to $649 million amid regional infrastructure boom and rising property demand.Despite recent gains, ADI shares are down 0.95% YTD due to liquidity constraints, slower earnings, and regulatory uncertainties in Morocco’s property market.M…
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