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Alami Lazraq’s stake in Moroccan real estate firm tops $600 million
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Alami Lazraq’s stake in Moroccan real estate firm tops $600 million
Key PointsAlami Lazraq’s ADI stake gains $46.4 million in 15 days amid rising investor confidence in Morocco’s real estate sector.ADI stock jumps 9.11% from MAD450 to MAD486.5, lifting the company’s market cap above $1.2 billion.Despite rebound, ADI still down 6.48% YTD, highlighting continued volatility in the Moroccan property market.Moroccan real estate tycoon Alami Lazraq, founder of Alliances Group, has seen a fresh boost in the value of hi…
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