Egyptian Ghabbour family’s stake in GB Corp rebounds above $350 million
The Ghabbour family’s GB Corp stake rebounds above $350 million as shares rally 17% on the Egyptian Exchange, restoring investor confidence in Egypt’s leading automaker.
GB Corp
Ghabbour family’s GB Corp plans $6 million Hyundai facility in Egypt
GB Corp invests $6 million to produce Hyundai cars in Egypt, boosting its role in the $6.15 billion automotive market.
Ghabbour family’s GB Corp delivers $334 million in Q1 revenue
GB Corp. posted $334.4 million in Q1 revenue, driven by strong auto sales, CKD output, and expanding finance services amid Egypt’s improving economic environment.
Ghabbour family, one of Egypt’s wealthiest, gains $21.5 million from GB Corp.
The recent rally in GB Corp.’s shares has pushed the Ghabbour family’s stake to nearly $234 million.
Egyptian multimillionaire Ghabbour family’s stake in GB Corp falls by $19.65 million
The Ghabbour family holds a 63.4 percent controlling stake in GB Corp., equivalent to 688.2 million shares.
Ghabbour family gains $29.2 million from GB Corp stake surge
This builds on the $56 million the family gained in 2023.
Kredit secures $18 million to boost financing for SMEs in Egypt
This funding is set to enhance Kredit's role within Egypt's expanding small and medium enterprise (SME) ecosystem.
GB Corp’s financial unit receives approval to expand into debt capital markets
This milestone marks a critical step in the company's strategic move into the debt capital markets, broadening its range of financial activities as it seeks to diversify.
Egyptian billionaire Ghabbour family faces $13.1-million setback in recent weeks
The Ghabbour family maintains control of GB Corp, with family members holding executive positions on the group’s board.
Egyptian billionaire Ghabbour family loses $21.5 million in 19 days
The Ghabbour family’s stake has lost EGP1.02 billion ($21.54 million) in the last 19 days, pushing the market value of their holdings below the $170-million mark.
Egyptian billionaire Ghabbour family rakes in $30.5 million from GB Corp stake
The Ghabbour family presently holds a significant 62.9-percent stake in the automaker, equivalent to 682,779,500 ordinary shares.
Egyptian billionaire Ghabbour family suffers $26-million loss
Despite the recent downturn, the Ghabbour family remains one of the richest investors on the Egyptian stock exchange.
Egyptian billionaire Ghabbour family suffers $10.6-million loss from GB Corp stake
Founded by the late Egyptian auto tycoon Raouf Ghabbour in 1985, GB Corp has emerged as a leading automobile distributor and assembler in the Middle East and North Africa.
Egyptian billionaire Ghabbour family gains $33 million as GB Corp shares soar
The Ghabbour family currently holds a significant 62.9-percent stake in the automaker.
Led by Egyptian Ghabbour family, GB Corp’s Q1 2023 profits slump below $3.5 million
The Ghabbour family holds a 62.9-percent stake in GB Corp, solidifying their position as one of the wealthiest families in Egypt.