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Moroccan real estate tycoon Alami Lazraq’s stake in ADI drops by $61 million
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Moroccan real estate tycoon Alami Lazraq’s stake in ADI drops by $61 million
Key PointsAlami Lazraq’s stake in ADI plunged by $61.8 million amid a 9.73% drop in share price over 16 days on the Casablanca Stock Exchange. Lazraq has lost over $185 million in under three months, as investor caution grows over Morocco’s real estate market and regulatory uncertainties. ADI shares are down 3.33% year-to-date, reflecting tightening liquidity, weak earnings, and a challenging outlook for North Africa’s property sector.Alami Lazr…
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