Marrakech – Moroccan construction giant SGTM is preparing to list its shares on the Casablanca Stock Exchange as it seeks to finance a record level of orders. The company accrued contracts worth MAD 34 billion ($3.4 billion) as of September and plans to tap public markets to fund its growth.
“We are preparing SGTM to be IPO [initial public offering] ready, and we are close in every aspect,” Hamza Kabbaj, Director General of SGTM, said in a telephone interview with Bloomberg.
“A listing may open new doors and facilitate our strategy
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