GB Auto

EFG Hermes, GB Auto complete majority stake acquisition of Tokio Marine Egypt

Thu, 27 Aug 2020 - 03:10 GMT

EFG Hermes Finance and GB Capital will each hold a stake of 37.5 percent of the company. Tokio Marine Group, a world-renowned leader in insurance and reinsurance and the largest general insurer in Japan will own the remaining 25 percent.

GB Auto’s profits record LE 216.15M in Q1 2020

Sun, 17 May 2020 - 03:30 GMT

GB Auto’s financial indicators revealed an increase in sales to LE 216.15 million during January-March period of 2020, up from LE 5.84 million during the same period of 2019.

GB Auto’s profits decline 67% in 1st 9 months of 2019

Thu, 14 Nov 2019 - 11:04 GMT

Standalone results hit losses of LE 535 million during the nine months of 2019, compared to losses of 1.23 million during the same period of 2018.

Ghabbour Auto honoured in bt100 awards ceremony for their social impact

Tue, 05 Mar 2019 - 12:57 GMT

Raouf Ghabbour, CEO Ghabbour Auto, Ghabbour Auto, received the bt 100 crystal award on behalf of Ghabbour Auto for their advanced social impact by CSR initiative in the automotive sector.

GB Auto achieves LE 5.5B in revenues in Q4 of 2017

Tue, 06 Mar 2018 - 03:42 GMT

Ghabbour Auto achieved LE 5.5 billion in revenues during the fourth quarter of 2017, driven by growth in most production lines.

Hot Wheels

Sun, 01 Oct 2017 - 09:59 GMT

With cars becoming increasingly unaffordable, buyers are turning to cheaper models, pre-loved vehicles and the trendiest option today: scooters and motorbikes

Interest expense to keep weighing on GB Auto profitability: Pharos

Sat, 12 Aug 2017 - 08:00 GMT

Interest expense grew on the back of the central bank’s latest two percent interest rate hike and a high debt level of LE 5 billion.

4 stocks excluded, 4 firms joined EGX30 in periodical review

Wed, 26 Jul 2017 - 09:02 GMT

the benchmark index EGX30 saw the exclusion of four firms and the addition of another four in the periodical review.

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