SGTM’s IPO set to become second largest in Casablanca stock exchange history

Moroccan construction leader SGTM has received approval from the AMMC to launch an initial public offering (IPO) on the Casablanca Stock Exchange, aiming to raise 5.04 billion dirhams ($545 million).

This makes SGTM’s listing the second-largest IPO in the history of the Moroccan bourse, underscoring the growing depth of the local capital market.

The subscription period will run from December 1 to December 8, according to the regulator.

This milestone aligns with Morocco’s New Development Model, which seeks to boost private sector participation, deepen financial markets, and increase IPO activity as a lever for economic growth and investment diversification.

By attracting large-scale listings like SGTM’s, the Casablanca Stock Exchange is positioning itself as a key driver of capital mobilization for infrastructure and strategic sectors.