General Company of Works in Morocco (SGTM), the leading national entity in the construction, public works, and strategic infrastructure sector, was listed on the Casablanca Stock Exchange on Tuesday, December 16, 2025, becoming the 80th company to be listed.
This initial public offering (IPO) marked a significant success, being oversubscribed 34.1 times, with a total offering exceeding 171 billion dirhams against an initial capital raising of 5.04 billion dirhams. This operation is the largest historically for a private company in Morocco, reinforcing the position of the Casablanca Stock Exchange as a major financing platform for large companies in the Kingdom.
More than 171,000 investors participated in the subscription, reflecting a broad mobilization and strong confidence from all types of investors—individuals and institutions, both Moroccan and foreign—in SGTM’s growth model and the Moroccan stock market. This success affirms the maturity of the financial market and an increasing desire among investors to support corporate financing and the national economy.
The listing of SGTM on the exchange will facilitate institutional capital management, enhance governance and transparency, and accelerate the company’s ambitious development plan. It further strengthens its presence as a reliable partner for large projects in Morocco and the African continent.
SGTM’s entry into the Casablanca Stock Exchange reflects the positive dynamics of the market and underscores its role as a long-term partner for growing companies, aligning with the objectives of the new development model that places the private sector and investment at its core.
