CMGP-CAS, a major player in agricultural irrigation and supply solutions, has announced plans to go public on the Casablanca Stock Exchange. The move underscores the Moroccan company’s ambitions to diversify its funding sources and expand its footprint across Africa.
The company, formed from the merger of CMGP, an irrigation solutions leader since 1995, and Comptoir Agricole du Souss (CAS), an agri-supply pioneer established in 1967, offers a broad portfolio that includes precision irrigation, fertilizers, seeds, solar installations, and water infrastructure. By bringing these complementary strengths together, CMGP-CAS has become a comprehensive solutions provider for the agricultural sector, catering to a growing demand for sustainable farming practices.
Traditionally held by the Mouâmmah family, CMGP-CAS is now taking a major strategic step by listing on the stock market, with support from an investment fund. This IPO reflects a shift toward long-term growth, providing the company with resources to scale its national and international projects.
The decision to go public highlights CMGP-CAS’s need to fund projects in Morocco’s rapidly evolving agricultural sector. As an IPO can enhance a company’s governance and management standards, CMGP-CAS’s stock market debut aims to reinforce its brand recognition, positioning it as a leader in agricultural innovation.
Industry insiders indicate that the IPO process is being handled with high confidentiality, given the rigorous procedures and the involvement of institutional and financial players. This stock market initiative comes eight years after CMGP joined the Elite program of the Casablanca Stock Exchange, designed to prepare high-potential Moroccan companies for a possible public listing.
In addition to its leading role in Morocco, CMGP-CAS has extended its reach across West Africa with offices and subsidiaries in Senegal, Côte d’Ivoire, Ghana, and Mauritania. The group is addressing critical needs in water management and food security, areas where its precision irrigation and agri-supply solutions are in high demand.
Among CMGP-CAS’s most impactful solutions is drip irrigation technology, which minimizes water waste by delivering nutrients directly to the plant roots, making it especially effective in semi-arid climates. The company also offers solar-powered irrigation systems, reducing dependency on fossil fuels and supporting the shift to clean energy in agriculture.
As a “one-stop-shop” for agricultural needs, CMGP-CAS provides a full spectrum of products, including fertilizers, seeds, and crop protection solutions. This broad offering helps farmers enhance productivity, supporting agricultural businesses of all sizes.
The upcoming IPO is expected to give CMGP-CAS the financial flexibility needed to scale its operations further, acquire new technologies, and pursue projects across Africa. The group also plans to expand its agricultural solutions portfolio with advanced equipment and a value chain that spans project planning to product distribution, giving it greater visibility in international markets and positioning it to tap into emerging opportunities in African agriculture and energy.
The IPO arrives at a time when Morocco’s agricultural sector is transforming in response to climate challenges and rising food security concerns. With an increasing emphasis on resource optimization and sustainable practices, Moroccan agriculture is shifting towards innovative irrigation techniques and efficient inputs.
For CMGP-CAS, the Casablanca Stock Exchange listing represents a pathway to new opportunities and growth, allowing the group to leverage public investment to meet the evolving needs of Morocco and beyond.
