THE MIDDLE EAST’S
75. SGTM
Country: Morocco
Sector: Real Estate & Construction
CEO: Hamza Kabbaj
Market Value: $5.6 billion
In December 2025, SGTM listed 20% of its shares on the Casablanca Stock Exchange, raising $531.6 million. Established in 1971 by the Kabbaj family, the group has completed more than 1,000 projects across eight African countries. In 2025, SGTM, and TGCC were awarded a $352.3 million contract to construct the 115,000-seat Grand Hassan II Stadium in Casablanca. SGTM’s revenue reached $1.2 billion in 2024 and was projected to rise to $1.6 billion in 2025.