This article was automatically translated from HIBAPRESS, the Arabic version:
This article was automatically translated from HIBAPRESS, the Arabic version:
Heba Press
On November 21, 2024, the CMGP Group obtained a visa from the Moroccan Capital Market Authority under number VI/EM/035/2024 to list its shares on the Casablanca Stock Exchange.
This operation, valued at AED 1,100,000,000, aims to support the growth and development of the CMGP Group. This will involve (a) increasing the share capital allocated to the public by an amount of 300,000,000 dirhams (including the issue allocation), and (a) selling the company’s shares to the public for a value of 800,000,000 dirhams.
The CMGP Group is a major player in the field of irrigation, agricultural supply, solar energy solutions and water infrastructure in Morocco and the West African region. The group positions itself in particular as a one-stop shop for farmers, through its product portfolio. and services considered to be the most extensive on the market, covering all customer needs.
The group, founded 30 years ago, is today present through its branches in Morocco and in 4 other African countries: Senegal, Ivory Coast, Mauritania and Ghana, and aspires to expand its African presence .
A committed player, the CMGP Group is proud to contribute to the conservation of water resources, the development of resilient and sustainable agriculture and the improvement of food security. Today, the CMGP Group is made up of 6 industrial units (3 units for the production of mobile irrigation platforms and canals intended for hydraulic infrastructures, and 3 units for the production and packaging of fertilizers), in more than 16 sales agencies and 19 distribution centers.
With more than 40 strategic partnerships with international manufacturers and a portfolio of more than 4,000 product references, the CMGP Group is today a leading player in the fields of irrigation, fertilizers and products phytosanitary.
The group is also active in the field of carrying out and delivering projects ready for operation (from study to installation and operation), particularly in the areas of irrigation, solar energy and water treatment for the benefit of the private sector, in addition to the installation of hydro-agricultural works within the framework of public contracts.
In conclusion, it is worth noting the commitment of the CMGP Group in the field of “corporate social responsibility” in accordance with the standards of the French Association for Standardization (AFNOR), and as such it has obtained several certificates of compliance, covering its main activities, (ISO 9001, ISO 45001, ISO 27001, ISO 14001, etc.).
