
Private Debt: A Particularly Dynamic Market at the End of 2025
Several Moroccan companies have turned to the bond market and disintermediated financing to support growth and acquisitions, raising nearly 6.6 billion dirhams in just one month.
Stay ahead with the latest reports, earnings calls, and market commentary from the Casablanca Stock Exchange.

Several Moroccan companies have turned to the bond market and disintermediated financing to support growth and acquisitions, raising nearly 6.6 billion dirhams in just one month.

As of September 30, 2025, CMGP Group reported a consolidated revenue of 1,784 million MAD, marking a 7% increase compared to 2024, driven by strong performance in retail and private irrigation projects.

CMGP Group has strengthened its position in Agrosem by acquiring an additional 40% stake, marking a strategic move in the seed market crucial for Moroccan agriculture.

The Moroccan stock market is experiencing a resurgence in IPOs, expanding beyond large corporations to include mid-sized companies across various sectors. This trend reflects a growing ecosystem where businesses seek capital investment and public funding for development.

CMGP Group has successfully completed a private placement bond issuance totaling 700 million dirhams, aimed at financing its growth initiatives. The issuance was structured in two tranches.

The process of preparing for an IPO can take over a year, involving audits, regulatory approvals, and financial decisions. Recent examples highlight the complexities and rigor required before going public.

CMGP has acquired CPCM, enhancing its agricultural segment and diversifying into water treatment and industrial chemicals. The group also plans to increase its stake in Agrosem, which is experiencing significant growth.

Four new stocks will replace Managem, Mutandis, CIH Bank, and HPS in the MASI 20 index, enhancing its representation of the market. The MASI 20 serves as a benchmark for investors.

CMGP Group has reached an agreement to acquire 92.5% of CPCM, with plans to increase its stake to 100%. This strategic move aims to enhance support for farmers and expand CMGP's product offerings.

CMGP Group reports a consolidated revenue of 1,121 million MAD for the first half of 2025, marking a slight increase of 0.4% compared to the same period in 2024. Net income rose by 2.6% to 97 million MAD.

CMGP Group reported a consolidated revenue of 1,120 million MAD in the first half of 2025, reflecting a slight increase of 0.3% compared to the same period in 2024. The Retail Business Unit showed significant growth, while the Projects Business Unit faced a decline.