At a glance
Société Générale des Travaux du Maroc (SGTM) builds infrastructure: dams, ports, airports, roads and large buildings. Current projects include the new terminal at Mohammed V Airport, the Bou Ahmed dam and the Dakhla Atlantique and Nador West Med ports.
History
SGTM has been active since 1972. In more than fifty years it has delivered over 1,000 projects: dams, ports, airports, roads, hospitals and universities. At the end of 2024 it employed more than 21,000 people and operated in six African countries. It floated 20% of its capital in December 2025.
Latest published results
In the first half of 2026, revenue fell 7.2% to MAD 6.6 billion, following the timing of major projects. EBITDA rose 13% to MAD 1.41 billion and consolidated net income 7.3% to MAD 793 million. The order book stood at MAD 34.8 billion.
What to watch
The ramp-up of recently launched projects, including the Mohammed V Airport terminal.
Key dates
- 1972
Société Générale des Travaux du Maroc starts operating.
- 2025
Listing on the Casablanca Stock Exchange in December at MAD 420 per share.
- 2026
Order book of MAD 34.8 billion at end-June.
Sources: Le Matin, SGTM : le bénéfice progresse de 7,3 % au S1 2026, September 19, 2026; Le Matin, SGTM s'introduit à la Bourse de Casablanca au prix de 420 DH par action, December 2025; African Markets, fiche société SGTM, October 29, 2026; AllAfrica (Le Matin), IPO de la SGTM : une étape majeure dans la trajectoire de développement du groupe, November 20, 2025.
Profile updated on October 29, 2026.