Press Releases

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GB Corp expands its Egypt market operation through the Genesis brand representation to venture and into the high-end automotive market 06 Apr 2025
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GB Auto Rental acquired approval to license the rental of transportation vehicles 03 Nov 2024
GB Capital acquires Promoting & Underwriting a license from the Financial Regulatory Authority (FRA) 14 Oct 2024
GB Corp’s investee company, MNT Halan acquires Tam Finans, a leading fintech player in Turkey 28 Jul 2024
Military Production and GB Corp announce the assembling and manufacturing of "Qute" in Egypt in cooperation with ITAMCO 11 Jun 2024
GB Logistics Inaugurates a 350,000 sqmt Bonded Warehouse in Sadat 20 May 2024
GB Corp expands its Iraq market operation through the GQ venture to distribute the leading Jac & Foton brands. 19 May 2024
Drive Finance Issues Securitization Bonds Worth EGP 1.4 Billion 19 May 2024
GB Lease announces securitization initiative to fuel growth and expand leasing and factoring portfolio 08 Jan 2024
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Drive Accelerates Growth with EGP 1.4 billion securitized bond issuance as a part of EGP 5 billion Three-Year Securitization Program 20 Dec 2023
GB-Corp Launches New Subsidiary, Kredit, to Empower SMEs and Drive Economic Growth 20 Jun 2023
GB Capital finalizes Chimera deal to sell a 45% stake in GB Lease 23 Jan 2023
GB Corp announces new strategy and branding 23 Jan 2023
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GB Auto signs definitive agreement with Chimera to sell 45% of GB Lease 18 Dec 2022
GB Auto sells a 7.5% stake in MNT Investments B.V. 11 Dec 2022
Arbitration Case against the People's Democratic Republic of Algeria 29 Nov 2022
GB Auto S.A.E. announces to its shareholders that its affiliate MNT Investments B.V. has signed the definitive agreements for the sale of a 21.7% stake 27 Oct 2022
GB Capital negotiating agreement to sell 45% of the shares of GB Lease S.A.E. 27 Oct 2022
GB Auto participates in COP27 19 Oct 2022
Tasaheel Closes 2.7 billion Egyptian pounds Securitized Bond Issuance 27 Jun 2022
Drive concludes its first bond offering for LE 700 million 23 Jun 2022
GB Capital appoints Arqaam Capital Limited as an advisor 01 Mar 2022
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GB Auto Takes Proactive Approach to Mitigate Impact of Three-Wheeler Import Ban 10 Nov 2021
GB Auto announces non-renewal of Geely Distribution Agreement 04 Aug 2021
Drive receives final approval on consumer financing license 11 Jul 2021
GB Auto launches Haval 2022 30 Jun 2021
GB Auto acquires Changan's sole distributorship and introduces four new models 03 Jun 2021
GB Auto Reports 1Q21 Results 11 May 2021
GB Auto announces a partial sale of its stake in MNT Investments BV 11 Apr 2021
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GB Lease finalized its fourth securitized bond offering worth of EGP 2,041 million 31 Dec 2020
Drive concludes second securitized bond offering for LE 892 million 30 Dec 2020
Goodyear Middle East & Africa Partners with GB Auto to become an Authorized Distributor and Sell Goodyear Tires in Egypt 13 Sep 2020
EFG Hermes, GB Auto complete majority stake acquisition of Tokio Marine Egypt Family Takaful 31 Aug 2020
GB Auto Reports 2Q20 Results 12 Aug 2020
GB Auto Launches the New Chery Tiggo 7 1.5 Turbo 2020 07 Jun 2020
GB Auto Reports 1Q20 Results 14 May 2020
GB Auto announces its new partnership with SAIC Motor Middle East FZE to add MG brand to its brand portfolio in Iraq 05 May 2020
GB Auto adopts additional measures to ensure financial strength amid COVID-19 situation 16 Apr 2020
Measures in Response to the Acceleration of COVID-19 16 Apr 2020
GB Auto management decides to discontinue its Hyundai representation in Iraq 26 Feb 2020
Concern of Corona Virus’ impact on GB Auto Operations 09 Feb 2020
GB Lease places LE 734 million securitized third bond offering in the market 08 Jan 2020
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GB Auto Reports 4Q19 Results 26 Feb 2020
EFG Hermes, GB Auto to acquire majority stake in life insurance player Tokio Marine Egypt Family Takaful 22 Dec 2019
GB Auto, El Ghalban Auto Market Group form commercial vehicle distributor JV for JMC-brand cars 17 Dec 2019
Drive concludes inaugural LE 425 million securitized bond offering 19 Nov 2019
GB Auto Reports 3Q19 Results 12 Nov 2019
Corporate structure simplification with an internal merger of GB Auto and RGI – paving the way for future strategic opportunities for GB Capital to unlock value for shareholders 03 Sep 2019
GB Auto Reports 2Q19 Results 07 Aug 2019
GB Auto celebrates the local production of Chery "Arrizo 5" 30 Jul 2019
GB Lease finalizes its second securitized bond offering worth of EGP 767 million 12 Jun 2019
GB Auto Reports 1Q19 Results 12 May 2019
TMG, GB Capital and EFG Hermes to launch mortgage finance company 22 Apr 2019
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GB Auto Reports 4Q18 Results 01 Dec 2018
GB Auto Reports 3Q18 Results 11 Nov 2018
GB Auto reports 2Q18 Results 07 Aug 2018
GB Lease Securitization Press Release 07 Jul 2018
GB Auto reports 1Q18 Results 10 May 2018
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GB Auto Reports 4Q17 Results 04 Mar 2018
GB Auto Reports 3Q17 Results 06 Nov 2017
GB Auto reports 2Q17 Results 08 Aug 2017
GB Auto reports 1Q17 Results 11 May 2017
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GB Auto Reports 4Q16 Results 26 Mar 2017
GB Auto Reports 3Q16 Results 10 Nov 2016
GB Auto reports 2Q16 Results 10 Aug 2016
GB Auto reports 1Q16 Results 10 May 2016
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GB Auto Reports 4Q15 Results 15 Mar 2016
GB Auto Reports 3Q15 Results 11 Nov 2015
GB Auto adds Chery vehicles to its brand portfolio in tripartite cooperation agreement with Aboul Fotouh Automotive of Egypt and China’s Chery 25 Oct 2015
GB Auto microfinance subsidiary Tasaheel launches operations 02 Sep 2015
GB Auto Reports 2Q15 Results 10 Aug 2015
GB Auto Reports 1Q15 Results 12 May 2015
GB Auto announces 99.86% of rights exercised in LE 960 million capital increase 05 May 2015
GB Auto S.A.E. Rights Issue 18 Mar 2015
 GB Auto Reports 4Q & FY14 Results 01 Mar 2015
GB Auto EGM approves increase of company’s issued capital by c. LE 960 million to fuel growth 05 Feb 2015
GB Auto to seek regulatory, shareholder approval to raise its issued and paid-in capital by LE 960 million to fuel growth 12 Jan 2015
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Earnings Release: GB Auto Reports 3Q14 Results 10 Nov 2014
Earnings Release: GB Auto Reports 2Q14 Results 06 Aug 2014
GB Auto Maps Out Expansion Plans and Financing Options 20 Jul 2014
Earnings Release: GB Auto Reports 1Q14 Results 08 May 2014
GB Auto Explores New Expansion Opportunities 17 Apr 2014
GB Auto: Motorcycle and Three-Wheeler Import Ban Will Have Minimal Impact on FY14 Profitability 18 Feb 2014
GB Auto Seeks Cabinet-Level Dialogue on Status of Three-Wheeler and Motorcycle Imports 13 Feb 2014
GB Auto Enters Strategic Alliance with Gazprom Neft-Lubricants 14 Jan 2014
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Earnings Release: GB Auto Reports 2Q13 Results 13 Aug 2013
Earnings Release: GB Auto Reports 1Q13 Results 16 May 2013
Earnings Release: GB Auto Reports 4Q and FY12 Results 06 Mar 2013
GB Auto Pushes Regional Expansion Drive Forward with Moves into Algeria and Libya Through New and Existing Brand Representations 19 Feb 2013
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Earnings Release: GB Auto Reports 3Q12 Results 06 Nov 2012
GB Auto Inaugurates State-of-the-Art Prima Plant, Gears Up for Egyptian Launch of Locally Assembled Geely Emgrand7 Sedan 15 Oct 2012
Earnings Release: GB Auto Reports 2Q12 Results 07 Aug 2012
GB Auto to Introduce Westlake Tires to Egypt 14 Jun 2012
Earnings Release: GB Auto Reports First Quarter 2012 Results 14 May 2012
GB Auto Launches World-Class 3-S Facility on Cairo-Ismaliyya Desert Road 09 May 2012
Earnings Release: GB Auto Reports FY 2011 Results 04 Mar 2012
GB Auto Inks Egypt Distribution and CKD Assembly Agreement with Geely Marking First Step in their Regional Cooperation 21 Feb 2012
Four Industry Veterans Join GB Auto’s C-Suite 31 Jan 2012
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Earnings Release: GB Auto Reports Third Quarter 2011 Results 13 Nov 2011
GB Auto Appoints First Chief Information Officer, Launches Global CFO Search 29 Sep 2011
Earnings Release: GB Auto Reports Second Quarter 2011 Results 08 Aug 2011
Earnings Release: GB Auto Reports First Quarter 2011 Results 11 May 2011
First-Quarter 2011: Operational Performance Flash Note 10 Apr 2011
Earnings Release: GB Auto Reports Fourth Quarter 2010 Results 03 Mar 2011
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Earnings Release: GB Auto Reports Third Quarter 2010 Results 08 Nov 2010
Earnings Release: GB Auto Reports Second Quarter 2010 Results 09 Aug 2010
GB Auto to Build Specialized Automotive Warehousing and Logistics Facility in Sadat City 13 Jul 2010
Earnings Release: GB Auto Releases First Quarter 2010 Results 11 May 2010
GB Auto announce to the shareholders the 1st Divident Payment 26 Apr 2010
GB Auto Signs Egyptian Representation for Yokohama Tires 12 Apr 2010
Earnings Release: GB Auto Posts Sharp Rise in Fourth-Quarter Profits 07 Mar 2010
GB Auto Enters Promising Iraqi Automotive Market 04 Feb 2010
GB Auto Preparing to Issue LE 1 Billion Bond 01 Feb 2010
GB Auto Announces Exclusive Mazda Representation for Egypt 14 Jan 2010
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Earnings Release: GB Auto Releases Third Quarter 2009 Results 11 Nov 2009
Earnings Release: GB Auto Releases Second Quarter 2009 Results 05 Aug 2009
GB Auto Signs Trade Finance Facility 16 Jul 2009
GB Auto GDRs to Trade Over the Counter in London, New York 01 Jun 2009
Earnings Release: GB Auto Releases First Quarter 2009 Results 13 May 2009
Earnings Release: GB Auto Releases Full-Year 2008 Results 10 Mar 2009
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Earnings Release: GB Auto Posts Strong 3Q2008 Numbers, Looks to Find Opportunities Amid Slowing Economic Growth 11 Nov 2008
First Half 2008 Results: The GB Auto Growth Story Continues 06 Aug 2008