World Cup Stadium Builder Plans Morocco IPO to Fund Order Boom

The Moroccan firm building one of the world’s biggest stadiums for the 2030 FIFA World Cup plans to list its shares on the Casablanca stock exchange and raise debt to help it fund a record level of orders.

SGTM is looking to capitalize on its involvement in the North African nation’s preparations to co-host the global sporting event while pushing for contracts in locations like Saudi Arabia, the host of the 2034 edition.

The company is also involved in many of Morocco’s other infrastructure plans and has accrued a record 34 billion dirhams ($3.7 billion) in contracts as of September, ...