Agadir – Marsa Maroc has strengthened its position among Morocco’s largest listed companies, making it the fourth-largest company by market capitalization on the Casablanca Stock Exchange and the third-largest constituent of the MASI index.
The company described the past decade as a period of profound transformation, noting that it has evolved from a national port operator into an international group with operations spanning Morocco, Africa, and Europe.
The operator now manages a portfolio of 36 terminals across major regional maritime corridors, reflecting what it described as a new phase of development driven by geographic expansion and growing operational capacity.
Marsa Maroc’s stock, which debuted at MAD 65 ($7.1) per share in July 2016, currently trades at around MAD 870 ($95), giving the company a market capitalization of nearly MAD 63 billion ($6.9 billion). At its record high of MAD 1,040 ($114) reached in 2025, the share price had risen approximately 16 times from its IPO level.
The company attributed the strong market performance to sustained improvements in its financial results over the past decade. During that period, revenue more than doubled, earnings before interest, taxes, depreciation, and amortization (EBITDA) nearly tripled, while net profit increased more than fivefold.
Marsa Maroc also pointed to its inclusion in the MSCI Frontier Markets Index in May 2023 as a milestone that enhanced the company’s visibility among international investors and reflected improvements in its market capitalization, liquidity, and free float.
The group said its “Marsa 2030” strategy, launched in 2023, has accelerated efforts to position the company as a leading port, logistics, and maritime services provider in Morocco and abroad through integrated, digitalized, and sustainable solutions.
Read also: Marsa Maroc to Invest MAD 3 Billion to Double Casablanca Port Capacity by 2030
As part of its international expansion, Marsa Maroc has extended operations to Benin and Liberia and acquired a 45% stake in Boluda Maritime Terminals, one of Spain’s leading port operators, broadening its presence on both sides of the Strait of Gibraltar.
The company also views the Nador West Med port project as a major growth driver. Marsa Maroc is preparing for the commissioning of the East Terminal and later the West Terminal in partnership with global shipping giants MSC and CMA CGM. The group will also provide towing and assistance services at the port alongside one of the world’s leading towing companies.
Nationally, Marsa Maroc continues investing to enhance Morocco’s port infrastructure through a MAD 4 billion ($438 million) investment program focused primarily on expanding capacity at the Casablanca and Jorf Lasfar port hubs.
Looking ahead, Marsa Maroc aims to increase annual revenue to MAD 10 billion ($1.1 billion) by 2030, supported by the gradual ramp-up of Nador West Med, expansion of domestic terminal capacity, international growth, and the development of integrated port and logistics services.
