Tag: GB auto

GB Auto prepares to sell 45% of GB Lease to Chimera for EGP 855m

Baker Tilly sets fair value of GB Lease stock at EGP 2.6

Fatma Salah Fatma Salah

GB Auto sells 7.5% of MNT Investments to UAE’s Chimera

GB Auto said last November that the target shares would be sold…

Fatma Salah Fatma Salah

GB Auto plans to invest 2022’s EGP 550m CAPEX budget on complete knock-down lines

Passenger car market in Egypt to grow by 10-15% in 2022, GB…

Alyaa Stohy Alyaa Stohy

GB Auto reports resilient revenue performance, strongest bottom-line to date

Past year has tested resilience of GB Auto’s business model, strength of…

Alyaa Stohy Alyaa Stohy

Car sales jump 26.6% in 2020, GB Auto records robust volumes in Q4 of 2020

Automotive sales reach 213,200 units in 2020, registering strong surprise recovery

Alyaa Stohy Alyaa Stohy

GB Auto eyes spending EGP 260m as capex during 2021

Company considering selling minority stakes in NBFI companies to strategic investors

Alyaa Stohy Alyaa Stohy

Ghabbour Auto’s Drive securitisation deal to result in EGP 100m gain

Drive, Ghabbour Auto’s (GB Auto) consumer finance and factoring subsidiary, has completed…

Alyaa Stohy Alyaa Stohy

GB Auto’s Rseedy obtains first e-wallet licence in Egypt

The entity will work in cooperation with saib Bank, with an announcement…

Alyaa Stohy Alyaa Stohy

Drive receives preliminary approval for financing licence

These activities will run beside the company’s auto loans segment, to widen…

Alyaa Stohy Alyaa Stohy

Removal of safety features to reduce prices stirs controversy in Egypt auto market

We launched cars without airbags to meet all customers' needs, says GB…

Yara El-ganiny Yara El-ganiny