The Société Générale des Travaux du Maroc (SGTM) announced on Wednesday that it is preparing to go public on the Casablanca Stock Exchange. Hamza Kabbaj, SGTM's Deputy General Manager, described the move as a historic milestone for the group, marking more than fifty years of contribution to Morocco's major construction and infrastructure projects. The first trading day is scheduled for December 26, 2025. Known for delivering more than 1,000 major infrastructure projects, including ports, dams, airports, and university facilities, since its creation in 1972, SGTM received approval for its stock market debut from the Moroccan Capital Market Authority (AMMC) on November 17. The transaction is being carried out under the financial advisory and overall coordination of Attijari Finances Corp. According to the group, this listing will support its long-term stability and open the way for capital expansion. The operation concerns 20% of SGTM's share capital and also includes an offer dedicated to company employees. The overall maximum amount of the offering is set at 5.04 billion dirhams. The share price has been set at 380 dirhams for Type II orders and 420 dirhams for Type III and IV orders. Subscriptions will run from December 1 to December 8, 2025, until 3:30 p.m.
