Ghabbour Group

GB Corp
جي بي كورب
Company type	S.A.E
Industry	Automotive industry
Founded	1960
Founders	Kamal Ghabbour; Sadek Ghabbour
Headquarters	Cairo, Egypt
Area served	Egypt, Iraq, Jordan, Kenya
Key people	Nader Ghabbour (CEO); Dina Ghabbour (CBDO); Wissam Al Adany (CIO)
Products	Automobiles, Buses, Trucks and Motorcycles
Operating income	E£4,536.7 million (Q3 2024)
Net income	E£1,794.2 million (Q3 2024)
Website	https://gb-corporation.com/

GB Corp is an Egyptian manufacturer of automobiles, buses, trucks and motorcycles located in Cairo.^[3]^[4]

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^[5] and GQ Auto,^[6] and in Kenya.^[7]

Model overview (Egyptian Market)

GB 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.^[8]

Hyundai^[9]

Mazda^[10]

Mazda 6 sedan
Mazda 3 sedan & hatchback
Mazda 2 sedan
Mazda CX-9

Geely (formerly)

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.^[11] The campaign generated a lot of negative sentiment towards the brand.

Motorcycles and Light Vehicles

Bajaj Auto^[15]

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

GB is the official distributor for 4 tire brands:^[19]

Spare Parts

GB also has several outlets for spare parts:^[20]

Model Overview (Iraqi Market)

GB Corp operates in Iraq under the names GK Auto,^[21] and GQ Auto for Bajaj vehicles.^[22] GB is an official dealer for MG and Bajaj in Iraq.

MG Motor^[5]

Bajaj Auto^[23]

Bajaj Dominar D400

Model Overview (Jordan)

GB is the sole distributor of MG Motor and Rising Auto in Jordan, under the name of GKS Auto.

MG Motor^[24]

Rising Auto^[25]

Model Overview (Kenya)

GB is the sole distributor in Kenya for the following brands:^[26]

King Long

Eicher Motors

Stock Exchange Information

GB Corp is listed on the Egyptian Exchange as GBCO.

Total Shares Listed

1,085,500,000 ^[27]

Division of Shares as of Q1 2024^[27]
Shares	Percentage of Shares
Ghabbour Family	63,4 %
Free Float	36.6%

Division of Free Float Shares as of Q1 2024^[28]
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

The current Board of Directors expires in March 2025.^[28]

Division of the Board of Directors as of Q1 2024!^[28] Shares !! Title
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

^ Q3 Earnings Newsletter: https://s3.amazonaws.com/resources.inktankir.com/gb/GB-Corp-ER-3Q24-E-Final.pdff
^ Q3 Earnings Newsletter: https://s3.amazonaws.com/resources.inktankir.com/gb/GB-Corp-ER-3Q24-E-Final.pdff
^ 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). Archived from the original on 2019-04-18. 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/
^ MG Motor Jordan: https://www.mg-jo.com/
^ Rising Auto Jordan: https://risingauto-jo.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]}

[1] Q3 Earnings Newsletter: https://s3.amazonaws.com/resources.inktankir.com/gb/GB-Corp-ER-3Q24-E-Final.pdff

[2] Q3 Earnings Newsletter: https://s3.amazonaws.com/resources.inktankir.com/gb/GB-Corp-ER-3Q24-E-Final.pdff

[3] Ghabbour Group, World News.

[4] "Company Profile for GB Auto SAE". in.reuters.com. Archived from the original on 2 November 2013. Retrieved 10 August 2012.

[mgiraq-5] MG Iraq's Official Website: https://www.mgiraq.com/

[6] Bajaj Iraq Website: https://iraq.globalbajaj.com/

[7] GB Auto Kenya: https://m.facebook.com/GBAutoinKenya/

[8] GB Corp's Official Website: https://gb-corporation.com/gb-auto/#tab-lines-413

[9] Hyundai Egypt website: https://hyundai-egypt.net/

[10] Mazda Egypt: https://www.mazdamisr.com/

[11] "هاشتاج لو ببلاش متركبهاش يحذر من شراء جيلي امجراند - سيارات". أخبارك.نت (in Arabic). Archived from the original on 2019-04-18. Retrieved 2019-01-20.

[12] Chery Egypt's website: https://www.chery-eg.com/

[13] Changan Egypt: https://changan.com.eg/en/landing/

[14] Haval (GWM) Egypt Official Website: https://greatwall.eg/

[15] Bajaj Egypt: https://egypt.globalbajaj.com/

[16] Volvo Buses Egypt: https://www.volvobuses.com/eg/

[17] FUSO Egypt Facebook Page: https://www.facebook.com/FusoEgypt/

[18] MCV's About Page: https://www.mcv-eg.com/about-us/#who

[19] GB Corp's Website: https://gb-corporation.com/gb-auto/#tab-lines-489

[20] GB Corp's Website: https://gb-corporation.com/gb-auto/#tab-lines-463

[21] GK Auto Facebook: https://www.facebook.com/GKAuto/

[22] GQ Auto Linkedin Page: https://www.linkedin.com/company/bajajiraq/?originalSubdomain=iq

[23] Bajaj Iraq: https://iraq.globalbajaj.com/

[24] MG Motor Jordan: https://www.mg-jo.com/

[25] Rising Auto Jordan: https://risingauto-jo.com/

[26] GB Auto Kenya Facebook Page: https://www.facebook.com/GBAutoinKenya/

[ir_gb-27] "GB Corp".

[intankir-28] ttps://s3.amazonaws.com/resources.inktankir.com/gb/1Q24-Form-30-English-1-.pdf ^{[bare URL PDF]}

[1]

[2]

[3]

[4]

[5]

[6]

[7]

[8]

[9]

[10]

[11]

[12]

[13]

[14]

[15]

[16]

[17]

[18]

[19]

[20]

[21]

[22]

[23]

[24]

[25]

[26]

[27]

[28]

v t e Automotive industry in Egypt
Manufacturers	Arab American Vehicles Bavarian Auto Group Egyptian German Automotive Company Ghabbour Group Manufacturing Commercial Vehicles MCV Bus & Coach GB Auto Seoudi Group Speranza Motors
Defunct	Nasr
Foreign companies	BMW Egypt Brilliance Motors Egypt Chery Egypt GM Egypt Mahindra & Mahindra Egypt Toyota Motor Egypt
Related topics	Cairo International Motor Show Trans-African Highway network Arab Mashreq International Road Network
Automotive industry Economy of Egypt Transportation in Egypt