Deals

Moroccan World Cup Stadium Builder Soars in Its Trading Debut

Rendering of the King Hassan Stadium.Source: Populous/Getty Images

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Souhail Karam

December 16, 2025 at 10:52 AM UTC

One of Morocco’s largest builders for the FIFA World Cup surged in early trading, after it raised 5.04 billion dirhams ($548 million) to help construct a giant stadium and other infrastructure for the upcoming event.

Shares of SGTM rose by the daily limit of 10% by 11:20 a.m. in Morocco on Tuesday, after pricing an initial public offering at 420 dirhams per share. The IPO is the second largest since the inception of the Casablanca stock exchange in 1929.