Moroccan real estate tycoon Alami Lazraq has seen his wealth rise by $43 million in the first nine days of 2026, following a jump in the share price of Alliances Développement Immobilière (ADI), a Casablanca-based property developer.
Lazraq owns 51.7 percent of ADI, equivalent to 11.4 million shares, whose market value increased from MAD6.05 billion ($654.63 million) on January 1 to MAD6.5 billion ($697.86 million) as of January 9. The gain reflects growing investor interest and expectations around upcoming development and infrastructure projects in Morocco.
ADI shares have climbed 6.6 percent so far this year, rising from MAD530 ($57.35) to MAD565 ($61.13), boosting the company’s market capitalization to MAD12.47 billion ($1.35 billion) and reinforcing its position as one of the most closely watched property stocks in North Africa.
Founded about 25 years ago, ADI is part of Lazraq’s wider Groupe Alliances, which focuses on residential, commercial, tourism, and large-scale infrastructure projects across Morocco. The company has played a key role in shaping urban expansion and new economic zones, and the recent share price increase highlights how closely Lazraq’s personal wealth is tied to ADI’s performance.
The rise in ADI’s stock also mirrors broader optimism about Morocco’s economy, driven by government-backed housing programs and investments in transport and tourism infrastructure, underscoring the strength of the country’s property sector.
