For more than 60 years, GB Corp has thrived under the leadership of one of Egypt’s visionary business families. In that time, the company has developed from a family enterprise to one of Egypt’s top public corporations with operations region-wide.
In the 1940s, Sadek and Kamal Ghabbour began a family-run trading business. The brothers’ firm, which was soon incorporated as Ghabbour Brothers, had interests across a number of business lines, including automotive related products, construction materials, home appliances, and electronics.
Egypt’s open-door policy during the 1970s presented an opportunity to bring international expertise to the Egyptian automotive market, and Ghabbour Brothers started securing licenses from the world’s premier suppliers. The business grew rapidly throughout the 1980s and 1990s.
Today, GB Corp is the leading automotive company in the Middle East and non-bank financial services provider in Egypt. Since 2007, it has had a listing on the Egyptian Exchange (EGX).
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| Ghabbour Egypt Secures EGP 1.2 billion Funding for New Assembly Plant |
| MNT-Halan issues the Halan card |
| GB Corp expands its Iraq market operation through the GQ venture to distribute the leading Jac & Foton brands. |
| GB Logistics Inaugurates a 350,000 sqmt Bonded Warehouse in Sadat |
| Military Production and GB Corp announce the assembling and manufacturing of "Qute" in Egypt in cooperation with ITAMCO |
| GB Corp’s investee company, MNT Halan acquires Tam Finans, a leading fintech player in Turkey |
| GB Capital acquires Promoting & Underwriting a license from the Financial Regulatory Authority (FRA) |
| GB Auto Rental acquired approval to license the rental of transportation vehicles |
| GB-Corp Launches New Subsidiary, Kredit, to Empower SMEs and Drive Economic Growth |
| GB Corp introduces Chery app – redefine your ride with seamless experiences |
| GB Auto in Iraq, a subsidiary of GB Corp, has been honored with the Outstanding Distributor Award at the prestigious 2023 MG Global Distributors and Dealers Conference in the UK |
| GB Auto introduces the Hyundai IONIQ 5 as a part of GB Auto's portfolio expansion strategy and sustainability agenda |
| GB Auto exports Fuso and Volvo buses to the Middle East and Africa |
| GB Corp makes Forbes list of Top 100 Arab Family Businesses 2022 |
| GB Auto launched the new Tiggo 8 CKD in both five and seven seaters |
| GB Auto received the Hyundai Dealer of the Year Award |
| GB Auto celebrates the launch of the new Changan UNI- T |
| MNT-Halan launched a savings product in partnership with Azimut (AZ Halan fund) where clients receive daily interest |
| GB Lease received its factoring license from the Egyptian Financial Regulatory Authority (FRA) and initiated its factoring operations |
| GB Lease announces securitization initiative to fuel growth and expand leasing and factoring portfolio |
| Drive Accelerates Growth with EGP 1.4 billion securitized bond issuance as a part of EGP 5 billion Three-Year Securitization Program |
| GB Auto is proud to be the supplier for the 2021–2022 African Cup of Nations buses by completing 24 high-quality, comfortable, reliable buses with exquisite designs in short period of time. |
| GB Auto is honored to announce the launch "Ghalya by Ghabbour" initiative. An agreement between Alex Bank and Ghabbour Foundation which supports female students studying at Ghabbour Applied Technology Schools to work in car maintenance under the umbrella of an integrated programed provided to the students during their studies and after graduation. |
| GB Auto is thrilled to receive the Amwal Al Ghad 2022 Award from Minister of Trade and Industry Nevine Gamea for being one of Egypt's top 100 performing companies in terms of “unprecedented business results, financial indicators, and growing market share in 2021” |
| Drive concludes its first bond offering for LE 700 million ─ the first consumer finance company to issue bonds |
| GB Auto is thrilled to announce the launch of the new Tiggo 8 Pro |
| GB Auto is proud to announce the launch of Changan’s bold model, CS55 Plus. Born to perform with a bold exterior and limitless technological features. |
| Tasaheel closes a 2.7 billion Egyptian pounds Securitized Bond Issuance ─ The largest securitization in Egypt’s microfinance sector the securitization was 2x oversubscribed |
| GB Auto supplied 30 best-in-class Higer electric buses to the government for COP27, pushing forward sustainable and green transportation solutions |
| Frost & Sullivan Institute recognizes GB Auto with an award for Enlightened Growth Leadership 2022 |
| MNT-Halan, Egypt’s leading fintech ecosystem, announces a c. US$120 million investment by major global and regional growth investors: Apis Growth Fund II, Development Partners International (DPI), and Lorax Capital Partners. |
| GB Auto announces that one of its subsidiaries has executed an agreement with certain foreign investment funds whereby it would commence the procedures for the sale of part of its shareholding in MNT Investments BV. |
| GB Auto unprecedentedly launches the Haval 2022 with innovative technology and superior capabilities. |
| GB Auto officially acquires Changan’s sole distributorship and introduces 4 new models (New Alsvin, EADO DT, CS15 and CS55). |
| Drive Receives Final Approval on Consumer Financing License from Egypt’s Financial Regulatory Authority to launch consumer financing activities. |
| GB Auto has been proudly awarded the IDC Excellence Award for “Excellence in Digital Innovation” recognizing it as one of the region’s top 10 leaders technology. |
| GB Auto proudly owns 45 service centers all across Egypt. |
| GB Auto announces the partnership with the Egyptian Clothing Bank initiative. This initiative allows all GB Auto’s employees to donate clothes to children in need. |
| GB Auto proudly announces COVID-19 mass vaccination process to our GB Auto family. |
| GB Auto announces the partnership with Great Wall Motors and launches the new Wingle 5. |
| GB Auto collaborates with Bank Al Ahly to customize their buses according to their needs. |
| GB Auto launches the new Chery Tiggo 7 1.5 Turbo 2020 |
| GB Auto announced its new partnership with SAIC Motor Middle East FZE to add the MG brand to its brand portfolio in Iraq. |
| GB Auto celebrated the collaboration between Haram Tourism Transport and Coca-Cola Egypt, which saw Haram Tourism Transport execute the largest quasi-operational lease contract in Egypt for 600+ cars and successfully delivered the fleet in July. |
| Goodyear Middle East & Africa partners with GB Auto to become an Authorized Distributor of Goodyear Tires in Egypt. |
| GB Auto and EFG Hermes completed a majority stake acquisition of Tokio Marine Egypt Family Takaful. |
| GB Auto and GIZ (German International Cooperation) signed an agreement to create an Incubator to support innovative startups in the Automotive and Fintech sectors. Selected startups will be hosted at the GB Auto Academy and will benefit from the company’s shared services and mentoring from the executive team. |
| The Ghabbour Foundation celebrated the graduation of the first class of vocational trainees from the Imbaba School, a key milestone for the Ghabbour Foundation. |
| Volvo trucks successfully introduced the new FH with the i-Save feature, which increased fuel efficiency and cut fuel costs by c 7%. GB Auto is the sole distributor in Egypt for Volvo Trucks. |
| GB Auto announced a cooperation with Talaat Mostafa Group Holding (TMGH) that saw GB Auto develop a high-end and luxurious mobile sales office for TMGH. |
| GB Auto celebrates the local production of New Chery “Arrizo 5” through its manufacturing plant in Abu Rawash industrial zone. |
| Shareholders approves, at an extraordinary general assembly, a resolution that allows GB Auto to merge with R.G. Investments (RGI), the subsidiary that owns GB Capital. |
| 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. GB Auto launches the locally assembled car Tiggo 3 facelift. |
| GB Auto wins GLOBAL BANKING & FINANCE AWARDS® for Best Automotive Manufacturing Company Egypt 2019. |
| GB Auto wins GLOBAL BANKING & FINANCE AWARDS® for Best Investors Relations in Egypt 2019 |
| GB Auto, El Ghalban Auto Market Group form commercial vehicle distributor JV for JMC-brand cars |
| GB Auto, EFG Hermes to acquire majority stake in life insurance player Tokio Marine Egypt Family Takaful |
| GB Auto wins GLOBAL BANKING & FINANCE AWARDS® for Best Automotive Manufacturing Company Egypt 2018 |
| Leading private equity firm Development Partners International invests in two GB Capital subsidiaries (Mashroey and Tasaheel) |
| GB Auto launches Hyundai’s first Ioniq hybrid car in Egypt |
| GB Auto wins Volvo Bus Award for performance |
| GB Auto wins several awards: Advisor Skill Contest Gold medal, Outstanding After Sales Performance for Chery, Service Advisor Skill Contest Silver medal for Mazda, and Customer Experience CXC1 Opinion Leader Special for Hyundai |
| GB Auto launches Verde in the Algerian at the end of the first quarter |
| GB Auto awarded 270,000 sqm of land to start the construction of a new hangers manufacturing facility |
| GB Auto inks agreement with Bajaj to expand Egypt operations |
| GB Auto awarded new tenders for 260 public transport buses in Egypt |
| 360° network of premium express service centers launches to high-end consumers |
| GB Lease receives second-place ranking from EFSA |
| GB Auto Tires Division acquires the distribution of Westlake Heavy Truck tires in Egypt |
| GB Auto launches its own branded tires, Verde |
| GB Auto penetrates the tourism segment after delivering coaches to TEZ and Carols |
| GB Auto increases its share in GB Polo to 80% from 51% |
| GB Auto signs an agreement with Shell to supply After-Sales service centers with motor oil |
| GB Auto’s c.LE 960 million capital increase was 99.86% covered |
| GB Auto supplies public transport authority in Alexandria with 150 buses |
| GB Auto joins forces with Cisco to drive information technology and ICT education in Egypt |
| GB Auto acquires distribution rights for Goodyear tires in Algeria |
| GB Auto enters into an exclusive strategic alliance to distribute Gazprom Neft-Lubricants |
| GB Auto begins operations at Pre-Owned Vehicles division |
| GB Auto receives Best Distributor Award from Geely; Honored by Hyundai for excellent after-sales service |
| GB Auto obtains approval on a c.LE 960 million capital increase |
| Early in 2013, the company announced that efforts to expand its geographical footprint had come to fruition, with key brand representations in Algeria and Libya. |
| GB Auto signed a contract with General Motors East Africa to export more than 200 buses in 2H13 |
| The GB Academy was completed and instruction begun at the purpose-built campus in Abu Rawash. |
| GB Auto signed an agreement with Chery to distribute a micro-microbus product. |
| GB Auto won Geely International Corporation’s ‘2012 Best New Distribution’ Award. |
| GB Auto engineer won the gold medal in the Engine System Support category at Hyundai Motor Corporation’s (HMC) World Skill Olympic Competition. |
| GB Auto acquired the exclusive right to distribute Goodyear tires in Algeria and is open to expanding this representation to other high-potential markets in North and Sub-Saharan Africa. |
| GB Auto announces a strategic partnership with Geely Automobile Holding Ltd of China that will see GB Auto engage in CKD assembly in Egypt and distribution in the MENA region, beginning with the Egyptian market. |
| GB Auto signs a contract with Iveco Irisbus, a Fiat Industrial company and global industry leader, to be the exclusive distributor of Iveco bus chassis in Egypt. |
| GB Auto launches operations at two new after-sales facilities in Egypt, one in Assiut and one on the Cairo-Ismaliyya Desert Road. |
| Drive, GB Auto’s consumer finance venture, begins operations, financing consumer purchases of passenger cars. |
| GB Auto acquires the exclusive right to distribute internationally-recognized ZC Rubber’s Westlake passenger car, van, TBR and OTR tires in the Egyptian market. |
| GB Auto inaugurates the newly revamped state-of-the-art Prima plant, which now features latest-generation quality-control systems, fully automated conveyer transits and the first fully robotic paint shop in the region. |
| GB Auto submits its first communication of progress for the UN Global Compact |
| GB Auto completes construction of its new paint facilities in the Greater Cairo Area, more than doubling capacity. |
| GB Auto soft-launches the GB Academy, which will focus on improving employees’ soft skills, including communication strategies, critical and creative thinking, time management, business ethics, and more. |
| GB Auto opens its first after-sales facility in Iraq, with 70 working bays in Baghdad. |
| GB Auto places in the top 50 companies on the Hawakamah Institute for Corporate Governance’s S&P Hawkamah Environment, Social, and Corporate Governance (ESG) Pan Arab Index. |
| GB Auto enters into an exclusive agreement to import and distribute Mazda-branded vehicles in Egypt. |
| GB Auto enters a joint venture that will see the company distribute Hyundai vehicles in Iraq through a joint venture with the Al-Kasid group of companies, which holds the exclusive rights to distribute Hyundai products in Iraq. |
| GB Auto signs an agreement to be the exclusive distributor of Yokohama passenger car, semi-truck, truck, bus and construction equipment tires in Egypt. |
| GB Auto’s LE 1 billion bond issue is well received by the market (1.3x over-subscribed). Proceeds from the bond issue will be directed towards business expansions that will themselves become income generative. |
| GB Auto opens a new after-sales service center in Hurghada with 22 working bays. |
| GB Auto initiates a company-wide human resources development program. |
| GB Auto establishes a joint-venture trailer distributorship in Algeria. |
| GB Auto launches a Global Depositary Receipt (GDR) program without a capital increase in May 2009 that allows global investors to trade its shares in London and New York. |
| GB Auto begins its participation in the government-sponsored taxi replacement program, which prohibits passenger cars more than 20 years old from being used as taxis. |
| GB Auto establishes Mashroey, a majority-owned micropayments joint venture to finance purchases of Bajaj-branded motorcycles and three-wheelers. |
| GB Auto enters a joint venture with Marcopolo, the Brazil-based global bus manufacturer, to build a state-of-the-art production facility in Suez where the JV produces buses for domestic and export sales. |
| GB Auto acquires a financial leasing company to operate as GB Lease, which will finance commercial vehicle sales as well as corporate clients purchasing passenger cars for fleets. |
| GB Auto completes an initial public offering and shares begin trading on the Cairo and Alexandria Stock Exchange (now the Egyptian Exchange). The IPO raised EGP 1.2 billion. |
| Ghabbour Brothers begins operations as the exclusive local distributor of Mitsubishi and Volvo trucks and buses. |
| Ghabbour Brothers begins operations as the exclusive local distributor of Bajaj motorcycles. |
| Ghabbour Brothers is granted a technical license to assemble CKDs for Hyundai’s passenger cars in Egypt. The move further solidifies the company’s strategic relationship with Hyundai. |
| Ghabbour Brothers is appointed as exclusive distributor of Hyundai passenger cars in Egypt. The move marked Hyundai’s definitive move into the Egyptian passenger car market and the brand immediately captured market share with its wide-ranging, competitively priced portfolio. |
| Ghabbour Brothers establish assembly operations to manufacture bus bodies under a technical agreement with Scania AB. |
| Egypt’s open door policy directs Ghabbour Brother’s business focus to the automotive industry. The brothers secure licenses to market passenger cars, bus and automotive parts. |
| The Ghabbour Brothers officially incorporate. The business trades in automotive related products, home appliances, and construction materials such as cement and ceramics. |
| Sadek and Kamal Ghabbour establish a family-run business. |
