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Maroc Telecom (IAM) — 25 Years at Casablanca Stock Exchange: The Market's Emblematic Dividend Stock

Maroc Telecom (IAM), the Kingdom's historic telecom operator, celebrates in 2026 its 25 years as a company listed at Casablanca Stock Exchange (December 2004 IPO). With 78 billion MAD market capitalization, recurring dividend of 6.8 MAD/share (yield 7.8% at current price), 25 million subscribers in Morocco and 35 million additional via its African subsidiaries.

FIBy Fatima-Zahra IdrissiMay 17, 20267 min read

Maroc Telecom 2025 key figures

  • 25 million mobile subscribers in Morocco (+5% vs 2024), 1st market position
  • 35 million mobile subscribers Africa (Moov Africa: 10 countries)
  • 5.8 million internet subscribers (fiber + fixed 4G/5G)
  • Consolidated revenue: 36.5 billion MAD (+8% vs 2024)
  • Consolidated EBITDA: 18.2 billion MAD (50% margin)
  • Personnel: 10,200 employees

IAM stock: 25 years of stability

Maroc Telecom stock (ticker IAM) has known over its 25 years of listing a stock market trajectory marked by stability and resilience rather than explosive growth. Introduced at 138 MAD in December 2004, the stock is worth 87 MAD on May 15, 2026 — a nominal capital loss of -37% over 21 years.

Article based on official public data + wafir.ma expert sources. All cited statistics are verifiable with the mentioned organizations.

Tags

#Maroc Telecom#IAM#Casa Stock Exchange#Dividends#Telecoms
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