Egypt’s Ghabbour family loses $46 million as GB Corp stock slides
The Ghabbour family’s stake in GB Corp. has lost over $46 million in value after a sharp drop on the Egyptian Exchange.
GB Corp.
Ghabbour family, among Egypt’s richest, loses $17 million on GB Corp shares
This recent downturn has erased the gains made between April 9 and May 4, when their holdings surged by $23.48 million during a brief market rally.
Ghabbour family’s GB Corp stake surges past $300 million
The recent rally has boosted the market value of the Ghabbour family’s 63.4% stake by $23.48 million, increasing from $279.94 million to $303.42 million.
Ghabbour family stake in Cairo-based automaker nears $300 million
GB Corp. stock has risen 19.91% in the past five weeks, boosting the Ghabbour family’s stake value by $45.73 million.
GB Corp., led by Egypt’s Ghabbour family, reports $58 million profit in 2024
This was driven by robust growth in both its automotive and financial services arms, underscoring its key role in Egypt’s automotive sector.