16 Hrs
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ناظورسيتي
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Moroccan billionaire's wealth revealed
The market value of Moroccan businessman Mohamed El Qabaj's stake in SGTM has risen to approximately $1.72 billion, with the share price remaining steady at 715 Dirhams, thanks to the positive performance of the company's stock on the Casablanca Stock Exchange. El Qabaj owns 37% of the company's capital, which was founded in 1971 and is considered one of the leading infrastructure companies in Morocco. The company is listed on the stock exchange following a public offering in December 2025, during which demand for its shares exceeded 171 billion Dirhams. This reflects substantial wealth associated with his market share, although El Qabaj's name does not yet appear in international billionaire lists such as Forbes and Bloomberg.
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