Company: CMGP Group
Country: Morocco
Sector: Industrial Machinery
CEO: Youssef Moamah (Founder, Chairman and Chief Executive Officer)
Website: https://cmgp-group.com/
Careers Page: Not publicly listed
LinkedIn: https://www.linkedin.com/company/cmgp-group
Email: contact@cmgp-cas.com
Headquarters: Nouaceur, near Casablanca, Morocco
Founded: 1995 (evolved from the Moamah family’s Camai trading business, founded 1956)
Valuation/Revenue: Market capitalization of approximately MAD 5.44 billion (roughly US$572 million) as of August 2026 (Casablanca Stock Exchange data); AB Top 250 (2025) cited a market value of US$582.4 million; FY2024 revenue was approximately MAD 2.3 billion (~US$230 million) with net income of MAD 178 million
CMGP Group is a Moroccan agri-tech and irrigation company that manufactures, distributes and installs irrigation systems, agricultural inputs, solar energy equipment and water infrastructure across Morocco and West Africa. Founded by Youssef Moamah and listed on the Casablanca Stock Exchange in December 2024 as the first agriculture-focused company to go public there, it has grown into one of Morocco’s largest agribusiness groups, with operations in Senegal, Ivory Coast, Ghana and Mauritania alongside its home market.
What Does CMGP Group Do?
CMGP operates across three interconnected businesses: irrigation and water infrastructure (with more than 2,000 product references and roughly 15,000 hectares of new irrigation installed annually), agricultural inputs (crop protection products, fertilizers, nutritional supplements, commercial seeds and agricultural plastics/nets), and solar energy and water solutions (solar-powered pumping and desalination equipment). It positions itself as the regional leader in manufacturing, distributing and integrating irrigation systems and farm infrastructure equipment, serving farmers and agribusinesses across a growing footprint in West and North Africa. The company also received IFC-guaranteed financing to help expand solar-powered and efficient irrigation systems for farmers and agribusiness SMEs in Morocco.
Is CMGP Group Legit?
Yes. CMGP Group is a Casablanca Stock Exchange-listed public company (ticker CMG) that completed a heavily oversubscribed initial public offering in December 2024 — the offer of roughly MAD 1.1 billion (about US$106 million) was subscribed more than 37 times over, drawing bids worth MAD 40.6 billion from over 33,700 investors, one of the largest retail responses to a Moroccan IPO in years. It publishes audited annual results and regulatory disclosures through the Casablanca Bourse and is backed by institutional investors including UK-based private equity firm Development Partners International (DPI).
How Big Is CMGP Group?
CMGP reported roughly MAD 2.3 billion (about US$230 million) in revenue for FY2024 with net income of MAD 178 million, and the company has guided toward more than MAD 4 billion in revenue and MAD 427 million in profit by 2030. It operates more than 16 sales branches across over 10 African countries, runs six manufacturing facilities, and employs more than 1,069 staff. As of August 2026, its market capitalization on the Casablanca Stock Exchange was approximately MAD 5.44 billion (roughly US$572 million), making it the 34th most valuable listed company in Morocco — broadly consistent with the US$582.4 million market value cited in the African Business Top 250 (2025) ranking.
Who Is the CEO of CMGP Group?
Youssef Moamah is the founder, Chairman and Chief Executive Officer. He joined the family business in 1993 as commercial and marketing director after training in finance at ISCAE, took over and formally founded CMGP Group in 1995, and has led it for roughly three decades, including through its December 2024 IPO.
Who Owns CMGP Group?
CMGP’s shareholder base includes ADP II Holding (an entity linked to Development Partners International) with a majority stake of around 50.6%, Africa Agriculture at about 17.3%, Fipar Holding (a Moroccan state-linked investment fund) at roughly 14.8%, founder Youssef Moamah at approximately 12.1%, and investor Jacques Alléon at around 4.2%, alongside free-float shares held by the public following the December 2024 listing. The business originated as Camai, a family enterprise founded in 1956 by Moamah’s father to import industrial and hydraulic equipment, before evolving into CMGP under Youssef Moamah’s leadership.
Where Is CMGP Group Headquartered?
CMGP Group’s head office is located at Parc Industriel Sapino 102-105, Nouaceur, 20240, in the Casablanca metropolitan area of Morocco, with an additional operational base in Agadir (Aït Melloul) and commercial branches across Morocco and its West African markets.
What Has CMGP Group Been in the News For Recently?
The biggest recent development is CMGP’s October 2025 agreement to acquire 92.5% of Compagnie de Produits Chimiques du Maroc (CPCM), a chemicals manufacturer founded in 1939 that supplies inputs for fertilizers, pesticides and water treatment, in a deal valued at roughly MAD 1 billion (about US$110 million), with an option to move to full ownership. The acquisition, still subject to approval from Morocco’s Competition Council, is intended to vertically integrate CMGP’s irrigation and farm-services business with chemical and fertilizer production; CPCM is expected to add around MAD 500 million in 2026 revenue, and combined group turnover could approach MAD 3 billion post-integration. This follows CMGP’s 2021 merger with Comptoir Agricole du Souss and its earlier acquisition of Agrosem, part of a sustained roll-up strategy in Moroccan and West African agri-inputs.
How Does CMGP Compare to Its Competitors?
As Morocco’s first pure-play listed agriculture company, CMGP does not have a direct like-for-like peer on the Casablanca Stock Exchange; comparisons tend to be made against global agri-input and irrigation players such as Netafim, Rivulis and Jain Irrigation, or against diversified Moroccan industrial and chemicals groups given its move into fertilizer inputs through the CPCM deal. Within Morocco and West Africa specifically, CMGP’s scale — six manufacturing plants, 16+ branches and operations in five countries — gives it a leading position in irrigation equipment distribution regionally, though detailed independent market-share data versus named African competitors was not available in public sources reviewed for this profile.
Links
Website: https://cmgp-group.com/
Careers Page: Not found
LinkedIn: https://www.linkedin.com/company/cmgp-group
Email: contact@cmgp-cas.com
FAQ
Is CMGP Group legit? Yes, it is listed on the Casablanca Stock Exchange (ticker CMG) and publishes audited financial results.
Who is the CEO of CMGP Group? Youssef Moamah, the company’s founder, is Chairman and CEO.
Who owns CMGP Group? Majority ownership sits with ADP II Holding (linked to Development Partners International), alongside Africa Agriculture, Fipar Holding, founder Youssef Moamah, investor Jacques Alléon, and public shareholders since its December 2024 IPO.
What does CMGP Group do? It manufactures and distributes irrigation systems, agricultural inputs, solar energy equipment and water infrastructure across Morocco and West Africa.
Where is CMGP Group headquartered? In Nouaceur, in the Casablanca region of Morocco.
When was CMGP Group founded? In 1995, evolving from a family trading business, Camai, founded in 1956.