Financing Businesses


GB Auto has created a full-fledged financial arm that serves its core business while competing with other non-bank financial service providers. At the forefront of this strategy is GB Capital, which is constantly on the lookout for new additions to complement its portfolio. GB Capital oversees the operations of the group’s financial service providers across all segments.

GB Lease is GB Auto’s first financing venture, established in 2008 to provide finance to GB Auto’s commercial vehicles and corporate fleet clients. GB Lease provides business-to-business financial leasing solutions that are non-exclusive to GB Auto, catering to a diversified client base ranging from top-tier multinationals to local corporations of various scales, as well as small and medium enterprises (SMEs). It is one of the top-tier active players in the market, operating under the auspices of the Egyptian Financial Regulatory Authority (FRA) and fully complies with all regulations.

Drive was licensed as a factoring company in 3Q12, and today extends its services to a well-diversified client base, ranging from business-to-business (SMEs) to business-to-consumer (retail), which includes auto loans to end consumers. Drive has grown steadily since its establishment, making remarkable strides in market presence and carving a place for itself in the very competitive automotive financing sector since inception. Drive finances sales of GB Auto’s passenger cars out of the company’s showrooms and also transacts with key independent dealers in the company’s network. Drive is non-exclusive to GB Auto and offers a multitude of financial solutions for various SMEs and consumers. The company fully complies with all regulations and operates under the auspices of the FRA.

Haram Tourism Transport (HTT, also known as Haram Limousine) operates as a car rental/quasi-operational lease company. It is the premier vehicle fleet leasing company in Egypt, and serves top-tier multinationals, financial institutions, as well as private sector companies, with its average tenor standing at three years. HTT supports its clients by enabling them to focus on their core competencies and strengths while directing scarce funding resources to mainstream operations; leaving vehicle sourcing and management to HTT. The company’s service agreements entail acquisition, registration, and maintenance of the vehicle, in addition to insurance that extends to third-party damage and passengers within the vehicle. Other complementary services include fleet management reports.

MNT-Halan is Egypt’s Largest and Fastest Growing non-bank lender to the unbanked. Digitizing traditional banking and cash-based markets through tech and data driven solutions. MNT-Halan has developed its scalable proprietary fintech ecosystem in-house, connecting customers, vendors and micro-enterprises through its consumer facing app, merchant app, Halan Neuron (distributed lending and payment processing software) and payment solutions (wallets and cards).

Talaat Moustafa Group (TMG), GB Capital, and EFG Hermes Finance have entered into an agreement to create a mortgage finance joint venture (JV) Bedaya, with each party to hold 1/3 the JV’s equity. The mortgage finance company offers long-term and competitive mortgages for new move-in homes, increasing affordability and supply to better serve Egypt’s growing population of homebuyers.

EFG Hermes and GB Auto acquired majority stake in life insurance player Tokio Marine Egypt Family Takaful which capitalizes on the growing demand for insurance offerings in Egypt and the synergies inherent in the business models of both the NBFI heavyweights. It also adds innovative products to establish a comprehensive suite of life and medical insurance solutions.