Top 50 Listed Companies
In Egypt 2022
17. GB Auto Group
Sector: Automotive
Founder and Chairman: Raouf Ghabbour
Market value: $228 million
Sales: $1.7 billion
Profits: $99 million
Assets: $1.7 billion
GB Auto Group provides its services through two main entities: GB Ghabbour Auto and GB Capital. Its five subsidiaries are GB lease, Drive, Mashroey, Haram Tourism Transport, and Tasaheel. The group has direct sales in Egypt and Iraq, while RG Investments Sarl is the major shareholder with a 58.5% stake. In 2019, GB Capital, the Talaat Moustafa Group, and EFG Hermes launched a joint mortgage finance company to offer long-term mortgages for new move-in homes. The group’s net profits increased 65.5% in 2021 to reach $99 million, compared to $60 million in 2020.