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Casablanca Stock Exchange

Last update 19 Jun 2026

ITISSALAT AL-MAGHRIB · IAM.CS

Morocco · Communication Services · Diversified Telecommunication Services · MAD

Price history

Itissalat Al-Maghrib, commonly known as Maroc Telecom, is a Moroccan telecommunications operator providing mobile, fixed-line, internet and related digital services. It serves individuals, professionals and businesses, with activities that include voice, data, broadband, television services and mobile payment-related offerings. The group also operates through subsidiaries in African markets, extending its telecom network and customer base beyond Morocco. Its business model depends on network infrastructure, subscriptions, prepaid and postpaid usage, enterprise services, data consumption and operational scale in regulated telecommunications markets. Key business drivers include customer demand, pricing discipline, operating efficiency, distribution reach and access to financing.

Fundamentals

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Metric  (MAD, B) 2025 2024 2023 2022 2021
Revenue Total Revenue 37
EBITDA 19
EBIT 12
Net income Net Income 6
Operating margin 32%
Net margin 16%