GB Corp is an Egyptian manufacturer of automobiles, buses, trucks and motorcycles located in Cairo.[2][3]
 | |
| Company type | S.A.E |
|---|---|
| Industry | Automotive industry |
| Founded | 1960 |
| Founders | Kamal Ghabbour Sadek Ghabbour |
| Headquarters | , |
Area served | Egypt, Iraq, Jordan, Kenya |
Key people | Nader Ghabbour (CEO) Dina Ghabbour (CBDO) Wissam Al Adany (CIO) |
| Products | Automobiles, Buses, Trucks and Motorcycles |
| E£2,742.4 million (H1 2024)[1] | |
| Website | https://gb-corporation.com/ |
The company was founded in 1960 by the brothers Kamal and Sadek Ghabbour because they realized that the automotive sector was a growing market. In its early days the company was named Ghabbour Brothers. Formerly, the group manufactured Saviem (later RVI) vehicles. Today the Group manufactures vehicles for numerous brands such as: Bajaj Auto, Hyundai and Volvo. With an annual output of 150,000 units, the Ghabbour Group is currently the largest automobile manufacturer in Egypt, with operations in Iraq, under the names GK Auto[4] and GQ Auto,[5] and in Kenya.[6]
Model overview (Egyptian Market)
editGB is an authorized distributor for 6 international car brands, 1 Motorcycle brand, 9 Commercial Vehicle brands, 4 Tire brands, and 4 Spare Part brands in Egypt.[7]
- Hyundai Accent RB
- Hyundai Bayon
- Hyundai Creta SU2
- Hyundai i10
- Hyundai i20
- Hyundai Elantra AD
- Hyundai Elantra CN7
- Hyundai H-1
- Hyundai Ioniq 5
- Hyundai Tucson NX4
- Mazda 6 sedan
- Mazda 3 sedan & hatchback
- Mazda 2 sedan
- Mazda CX-9
It only had two models in its initial lineup: The Geely Emgrand, and the Geely Imperial. The brand faced a lot of criticism at one point for endangering people's lives.[10] The campaign generated a lot of negative sentiment towards the brand.
- Chery Arrizo 5
- Chery Tiggo 3
- Chery Tiggo 4 Pro
- Chery Tiggo 7
- Chery Tiggo 7 Pro
- Chery Tiggo 8
- Chery Tiggo 8 Pro
Motorcycles and Light Vehicles
editCommercial Vehicles
edit- Volvo FH
- Volvo FL6
- Volvo FM
- Volvo Splendido (B12B Bus Type GVW)
- ECHOLINE E10 / 20 (also known as Ecoline-DAFC and FOTON in the People's Republic of China)
- ECHOLINE E30 (also known as Ecoline-DAFC and FOTON in the People's Republic of China)
- ECHOLINE E40 (also known as Ecoline-DAFC and FOTON in the People's Republic of China)
- MCV eVolution-MAN C100 / C110 / C120 (from 2004)
- MCV eVolution-DENNIS C101 / C111 / C121 (from 2004)
- MCV eVolution C123RLE (for Volvo B7RLE)
- MCV eVolution C124RLE (for Mercedes-Benz OC500LE)
- MCV Evora
- MCV EvoSeti
- MCV Alfa
- MCV Ego (since 2006; Great Britain)
- MCV Stirling
- MCV DD103 (for Volvo B9TL)
- Mercedes-Benz MCV 200 Safari (since 2010, based on the Mercedes-Benz Atego)
- Mercedes-Benz MCV 240E (since 2008)
- Mercedes-Benz MCV 260C / R / S (since 2000)
- Mercedes-Benz MCV 260T
- Mercedes-Benz MCV 400 E / H / R / T
- Mercedes-Benz MCV 500 (since 1996)
- Mercedes-Benz MCV 600 (since 1996)
- Mercedes-Benz MCV C120 / C120 LE
- Mercedes-Benz Tourismo
- Mercedes-Benz Travego
Tires
editGB is the official distributor for 4 tire brands:[18]
Spare Parts
editGB also has several outlets for spare parts:[19]
Model Overview (Iraqi Market)
editGB Corp operates in Iraq under the names GK Auto,[20] and GQ Auto for Bajaj vehicles.[21] GB is an official dealer for MG and Bajaj in Iraq.
Model Overview (Kenya)
editGB is the sole distributor in Kenya for the following brands:[23]
Stock Exchange Information
editGB Corp is listed on the Egyptian Exchange as GBCO.
Total Shares Listed
edit1,085,500,000 [24]
| Shares | Percentage of Shares |
|---|---|
| Ghabbour Family | 63,4 % |
| Free Float | 36.6% |
| Shares | Percentage of Shares |
|---|---|
| RG Investments S.A.R.L | 58,92 % |
| MIRI Strategic Emerging Markets Fund | 6.84% |
| Olayan Saudi Investments | 5.1% |
| Total Shares (excl. Anonymous Shareholders) | 769,112,462 |
| Anonymous Shareholders (Shareholders with less than a 5% Ownership Stake) | 29.14% |
Board of Directors
editThe current Board of Directors expires in March 2025.[25]
| Mr. Mohamed Naguib | Non-Executive Chairman |
| Mr. Mounir Fakhry Abdelnour | Independent Board Member |
| Mr. Nader Ghabbour | Chief Executive Officer |
| Mr. Mansour Kabbani | Non-Executive Director |
| Mr. Abbas El Sayed | Executive Director |
| Ms. Lobna El Dessouky | Independent Board Member |
| Ms. Marwa El Ayouti | Independent Board Member |
References
edit- ^ Q2 Earnings Newsletter: https://s3.amazonaws.com/resources.inktankir.com/gb/GB-Corp-ER-2Q24-E-FINAL.pdf
- ^ Ghabbour Group, World News.
- ^ "Company Profile for GB Auto SAE". in.reuters.com. Archived from the original on 2 November 2013. Retrieved 10 August 2012.
- ^ a b MG Iraq's Official Website: https://www.mgiraq.com/
- ^ Bajaj Iraq Website: https://iraq.globalbajaj.com/
- ^ GB Auto Kenya: https://m.facebook.com/GBAutoinKenya/
- ^ GB Corp's Official Website: https://gb-corporation.com/gb-auto/#tab-lines-413
- ^ Hyundai Egypt website: https://hyundai-egypt.net/
- ^ Mazda Egypt: https://www.mazdamisr.com/
- ^ "هاشتاج لو ببلاش متركبهاش يحذر من شراء جيلي امجراند - سيارات". أخبارك.نت (in Arabic). Retrieved 2019-01-20.
- ^ Chery Egypt's website: https://www.chery-eg.com/
- ^ Changan Egypt: https://changan.com.eg/en/landing/
- ^ Haval (GWM) Egypt Official Website: https://greatwall.eg/
- ^ Bajaj Egypt: https://egypt.globalbajaj.com/
- ^ Volvo Buses Egypt: https://www.volvobuses.com/eg/
- ^ FUSO Egypt Facebook Page: https://www.facebook.com/FusoEgypt/
- ^ MCV's About Page: https://www.mcv-eg.com/about-us/#who
- ^ GB Corp's Website: https://gb-corporation.com/gb-auto/#tab-lines-489
- ^ GB Corp's Website: https://gb-corporation.com/gb-auto/#tab-lines-463
- ^ GK Auto Facebook: https://www.facebook.com/GKAuto/
- ^ GQ Auto Linkedin Page: https://www.linkedin.com/company/bajajiraq/?originalSubdomain=iq
- ^ Bajaj Iraq: https://iraq.globalbajaj.com/
- ^ GB Auto Kenya Facebook Page: https://www.facebook.com/GBAutoinKenya/
- ^ a b "GB Corp".
- ^ a b c https://s3.amazonaws.com/resources.inktankir.com/gb/1Q24-Form-30-English-1-.pdf [bare URL PDF]
