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The Scale Construction Champion Positioned at the Heart of Morocco’s 2030 Infrastructure Super-Cycle 1. Executive Summary — A Historic Moroccan IPO Backed by a Structural National Investment Cycle SGTM’s IPO, raising MAD 5.0 billion, is the second-largest listing in the history of the Moroccan equity market, surpassed only by Maroc Telecom’s 2004 privatization. The offering gives global investors access to a sector leader with more than 1,000 completed landmark projects and a

CMGP Group announces the successful completion of the acquisition of an additional 40% stake  in Agrofourniture Semence (Agrosem) from its historical shareholder, Mr Jamal BENSSY. This transaction increases CMGP Group’s total ownership to 70%  of Agrosem’s share capital, following an initial minority stake of 30% acquired at the beginning of 2024. This step-up to a controlling interest in Agrosem represents a key strategic milestone for CMGP Group and marks the beginning of a

TGCC has published its financial indicators for the period ended 30 September 2025. During the third quarter of 2025, TGCC maintained strong growth momentum, driven by accelerated production across all its business segments. This operational performance was further supported by the integration of STAM Vias, which enhances the Group’s positioning on large-scale infrastructure projects, including civil engineering structures, roads, ports and dams, both in Morocco and internati

For most international investors, the Casablanca Stock Exchange (CSE) still feels like frontier territory. With a free-float market cap barely above $70 billion and only ~76 listed names, it rarely makes it onto global screens. Yet beneath the surface, Morocco’s financial sector — representing roughly 40% of the MSCI Morocco Index — is sending high-frequency signals that are surprisingly readable, highly predictive, and almost entirely ignored outside the country. One of the