Huawei Cloud entered into a strategic partnership with GB Corp to anchor its digital transformation journey by migrating its business operations to Huawei Cloud

GB Capital for Financial Investments, the financial arm of GB Corp, has obtained a license from the Financial Regulatory Authority (FRA) for the promotion and underwriting of securities as part of its expansion efforts.

Kredit, a subsidiary of GB Capital Group, has secured EGP 50 million in financing from the National Bank of Egypt (NBE) as part of its expansion plan to promote financial inclusion and support small and medium enterprises (SMEs).

GB Corp (AUTO) reported a 72.33% year-on-year (YoY) increase in consolidated net profits attributable to parent company during the first half (H1) of 2024, recording EGP 1.048 billion, compared to EGP 608.252 million.

GB Corp (AUTO) and Helwan Company for Machinery and Equipment have signed an agreement to assemble and manufacture a new light vehicle named Qute in cooperation with the International Company for Trade, Marketing, and Commercial Agencies (ITAMCO).

GB Corp (AUTO) reported a 481.6 % year-on-year (YoY) hike in consolidated net profits attributable to parent company in the first quarter (Q1) of 2024, recording EGP 626.333 million, compared to EGP 107.693 million.

GB Corp, an Egyptian player in the automotive and financial services sectors, will exclusively distribute Jac and Foton vehicle brands in the Iraqi market via its subsidiary GQ.

Drive Finance, a subsidiary of GB Capital, has closed its fifth securitization bond issuance at a value of EGP 1.4 billion.

GB Corp, a player in the automotive and financial services sectors, has unveiled a new joint venture (JV) aimed at managing the MG Motor dealership in Jordan.

GB Corp’s (AUTO) ordinary general meeting (OGM) has greenlighted the disbursement of a total of EGP 217.1 million in dividends, equivalent to EGP 0.20 per share, to shareholders for 2023.

First Abu Dhabi Bank Misr (FABMISR) has entered a strategic partnership with Drive Finance, a subsidiary of GB Capital owned by GB Corp, for the integration of Drive Finance with ‘Access by FABMISR’.

GB Corp (AUTO) reported an 81.1% year-on-year (YoY) decrease in consolidated net profits attributable to the parent company in 2023, recording EGP 1.891 billion, compared to EGP 9.985 billion.

GB Corp’s financing arm Drive has wrapped up EGP 1.4 billion securitized bond issuance under its EGP 5 billion securitization program.

GB Corp is a leading automotive company in the Middle East. The Egypt-based company has operations across six primary lines of business: passenger cars, motorcycles and three-wheelers, commercial vehicles and construction equipment, tires, after-sales, and Iraqi operations.

GB Corp has launched a new subsidiary, Kredit, to support small- and medium-sized enterprises in the Egyptian market.

GB Corp is a leading automotive company in the Middle East. The Egypt-based company has operations across six primary lines of business: passenger cars, motorcycles and three-wheelers, commercial vehicles and construction equipment, tires, after-sales, and Iraqi operations.