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.
