Ghabbour Family Stake In Cairo-based Automaker Nears 300 Million

The Ghabbour familys 63.4 stake in GB Corp. has surged to nearly 300 million, thanks to a 19.91 rise in the companys stock.

GB Corp.s net profit surged 55 in 2024 to 58 million, driven by strong sales, strategic pricing, and growth in financial services.

GB Corp. stock has delivered an 18.16 return in 2025, with the companys market value rising to nearly 435 million amid renewed investor interest.

The Ghabbour family, one of Egypts wealthiest, has seen the value of their controlling stake in GB Corp. approach the 300 million mark, thanks to a recent surge in the Cairo-based automakers shares on the Egyptian Exchange EGX .

The Ghabbour family owns 63.4 percent of GB Corp., or 688.2 million shares. In the past five weeks, the value of this stake has increased by EGP2.31 billion 45.73 million, bringing its total value to nearly 300 million.

This latest rise follows a previous gain of 21.5 million between Feb. 11 and 25 , when the familys stake grew from EGP10.75 billion 212.46 million to EGP11.84 billion 234 million. The rally reflects growing optimism around GB Corp., as investors look to its future potential.

Founded in 1985 by the late Egyptian auto magnate Raouf Ghabbour, GB Corp ., a Cairo-based automaker, remains a major force in the automotive industry across the Middle East and North Africa. The Ghabbour family continues to play a key role in shaping the companys direction.

GB Corp. delivered one of its strongest financial performances in 2024, with net profit surging 55 percent to 58 million, driven by robust automotive sales, strategic pricing, and an expanding financial services arm. Revenue nearly doubled to 960 million, fueled by a 120.8 percent jump in passenger car sales and a diversified product mix.