Led by Egyptian Ghabbour family, GB Auto gets green light to rebrand as ‘GB Corp’
The Ghabbour family owns a 62.9-percent stake in GB Auto.
The Ghabbour family owns a 62.9-percent stake in GB Auto.
GB Auto is a Cairo-based automaker led by the family of the late Egyptian auto tycoon Raouf Ghabbour.
The Ghabbour family is well-known in the Egyptian business community.
The Ghabbour family’s 62.9-percent stake in GB Auto is worth nearly $125 million.
GB Lease was founded in 2008.
The wealthy Ghabbour family owns 62.9 percent of the leading automaker.
Raouf and Nader Ghabbour, and other members of the wealthy Ghabbour family, own 62.9 percent of the leading automaker.
The Ghabbour family owns a 62.9-percent stake in GB Auto.
Ghabbour founded GB Auto in 1985 as a manufacturer of automobiles, buses, lorries and motorcycles in Egypt.
The wealthy Ghabbour family holds a majority 62.9-percent stake in Ghabbour Auto.
Ghabbour launched GB Auto in 1985 as an Egyptian producer of automobiles, buses, lorries and motorbikes.
The gain in the family’s equity stake came off a double-digit increase in the company’s shares.
The drop was triggered by a 12.6-percent decline in the GB Auto share price on the Egyptian Stock Exchange.