| GB Corp جي بي كورب | |
| Type: | S.A.E |
| Foundation: | 1960 |
| Founders: | Kamal Ghabbour Sadek Ghabbour |
| Location City: | Cairo |
| Location Country: | Egypt |
| Area Served: | Egypt, Iraq, Kenya |
| Key People: | Nader Ghabbour (CEO) Dina Ghabbour (CBDO) Wissam Al Adany (CIO) |
| Industry: | Automotive industry |
| Products: | Automobiles, Buses, Trucks and Motorcycles |
| Homepage: | https://gb-corporation.com/ |
GB Corp is an Egyptian manufacturer of automobiles, buses, trucks and motorcycles located in Cairo.[1] [2]
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[3] and GQ Auto,[4] and in Kenya.[5]
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.[6]
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.[9] The campaign generated a lot of negative sentiment towards the brand.
GB is the official distributor for 4 tire brands:[17]
GB also has several outlets for spare parts:[18]
GB Corp operates in Iraq under the names GK Auto,[19] and GQ Auto for Bajaj vehicles.[20] GB is an official dealer for MG and Bajaj in Iraq.
GB is the sole distributor in Kenya for the following brands:[22]
GB Corp is listed on the Egyptian Exchange as GBCO.
1,085,500,000 [23]
| 63,4 % | ||
| 36.6% |
| 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% |
The current Board of Directors expires in March 2025.[24]
| 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 |