TGCC Announces Capital Increase Initiative
The TGCC Group (Construction Public Works in Casablanca), a leading player in the construction and public works sector in Morocco and Africa, has announced a public capital increase amounting to approximately 2.2 billion dirhams on the Casablanca Stock Exchange.
This initiative, which received approval from the Moroccan Capital Market Authority on July 4, 2025, is part of the group’s developmental strategy. It aims to support the strategic acquisition of 60% of the shares of the Moroccan Agricultural Works Company and its subsidiary “VIAS.” The acquisition was completed on May 30, 2025.
In a statement to the Moroccan News Agency, CEO Mohammed Bouzoubia emphasized that this capital increase represents a critical stage in the group’s growth. The subscription price is set at 725 dirhams per share, aligning with the group’s long-term expansion strategy.
Expansion into Major Sectors
Bouzoubia noted that this capital increase will facilitate the strategic integration of 60% of the Moroccan Agricultural Works Company. This acquisition will enable the company to enhance its capacity to manage major national projects, in line with the vision of His Majesty King Mohammed VI.
He explained that this integration will broaden the company’s scope to include vital sectors such as dams, roads, and large infrastructure projects, especially in preparation for hosting the 2030 World Cup.
Moreover, Bouzoubia outlined TGCC’s roadmap, which focuses on three key areas: vertical integration by establishing specialized branches in complementary public works sectors (such as carpentry and metal structures), international market expansion initiated a decade ago with branches in Gabon, Côte d’Ivoire, Senegal, and Guinea, and diversification, exemplified by the integration of “STAM VIAS.”
The subscription period for this capital increase is from July 14 to July 18, concluding at 3:30 PM. Shares will be available for purchase via employment syndicate members.
The Moroccan Capital Market Authority will make a related informational document available for free on its official website, as well as on the Casablanca Stock Exchange and the TGCC Group’s website.
It is important to note that the TGCC Group, established over 30 years ago, has emerged as a key player in both the Moroccan and international construction and public works sectors, boasting significant achievements in various fields, including stadiums, healthcare infrastructure, industrial and tourism buildings, as well as water and environmental facilities.
