When can investors subscribe to the SGTM IPO?

The subscription period for the SGTM IPO runs from December 1 to December 8.

How much money does SGTM aim to raise with its IPO?

SGTM aims to raise 5.04 billion dirhams ($545 million) through its initial public offering.

In which countries does SGTM operate besides Morocco?

Besides Morocco, SGTM operates in six other African countries, including Senegal, Ivory Coast, and Burkina Faso.

Home / Business and Economy / Moroccan Builder SGTM Seeks $545M IPO

Moroccan Builder SGTM Seeks $545M IPO

18 Nov

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Summary

SGTM aims to raise 5.04 billion dirhams ($545 million) through its IPO.
The subscription period for the IPO is set from December 1 to December 8.
SGTM operates in Morocco and six other African nations, including Senegal.

Moroccan construction company SGTM is set to launch an initial public offering (IPO) on the Casablanca stock exchange, following approval from the bourse regulator AMMC. The company intends to raise a significant 5.04 billion dirhams, equivalent to $545 million, through this public debut.

The subscription period for potential investors is slated to run from December 1 through December 8. This strategic financial move is designed to strengthen SGTM's market position both within Morocco and across the broader African continent.

With existing operations in six other African nations, including Senegal, Ivory Coast, and Burkina Faso, the listing is expected to boost the company's transparency and improve its access to financial markets, thereby funding its ambitious expansion plans.

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