The world is constantly moving, transforming, and evolving. Change is inevitable and accelerating. At GB Corp, we aspire to make mobility in all its forms accessible for everyone.
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- 1993 Mar - 19
- 2007 Sep - 13
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A History of Growth and Resilience
In the 1940s, Sadek and Kamal Ghabbour began a family-run trading business. The brothers’ firm, which was soon incorporated as Ghabbour Brothers, had interests across a number of business lines, including automotive-related products, construction materials, home appliances, and electronics.
Egypt’s open-door policy during the 1970s presented an opportunity to bring international expertise to the Egyptian automotive market, and Ghabbour Brothers started securing licenses from the world’s premier suppliers. The business grew rapidly throughout the 1980s and 1990s.
GB Auto signs a contract with Hyundai Korea becoming the Sole Distributor in Egypt
GB Auto completes an initial public offering and shares begin trading on the Cairo and Alexandria Stock Exchange (not the Egyptian Exchange). The IPO raised EGP 1.2 billion
GB Auto enters a joint venture with Marcopolo, the Brazil-based global bus manufacturer, to build a state-of-the-art production facility in Suez where the JV produces buses for domestic and export sales.
GB Auto acquires a financial leasing company to operate as GB Lease which financed commercial vehicle sales as well as corporate clients purchasing passenger cars for fleets.
GB Auto establishes a joint venture trailer distributorship in Algeria.
GB Auto launches a Global Depositary Receipt (GDR) program without a capital increase in May 2009, that allowed global investors to trade their shares in London and New York.
GB Auto participates in the government-sponsored taxi replacement program, which prohibits 20 years old passenger cars from being used as taxis.
GB Auto establishes Mashroey, a majority-owned micropayments joint venture to finance purchases of Bajaj-branded motorcycles and three-wheelers.
GB Auto enters an exclusive agreement to import and distribute Mazda-branded vehicles in Egypt.
GB Auto starts a joint venture with Al-Kasid Group, who holds the rights to exclusively distribute Hyundai vehicles in Iraq.
GB Auto signs an agreement to be the exclusive distributor of Yokohama passenger car, semi-trick, truck, bus, and construction equipment tires in Egypt.
GB Auto’s EGP 1 Billion bond issue is well received by the market (1.3x over subscribed). Proceeds from the bond issue will be directed towards business expansions that will themselves become income generative.
GB Auto completes the construction of its new paint facilities in the Greater Cairo Area, which is more than doubling capacity.
GB Auto soft-launches GB Academy, which focuses on improving employees’ soft skills, including communication strategies, critical and creative thinking, time management, business ethics, and more.
GB Auto opens its first after-sales facility in Iraq, with 70 working days in Baghdad.
GB Auto places in the top 50 companies on the Hawkamah Institute for Corporate Governance’s S&P Hawkamah Environment, Social, and Corporate Governance (ESG) Pan Arab Index.
GB Auto announces a strategic partnership with Geely Automobile Holding Ltd of China that will see GB Auto engage in completely knocked down cars (CKD) assembly in Egypt and distribution in the MENA region, starting with the Egyptian market.
GB Auto signs a contract with Iveco Irisbus, a Fiat Industrial company and global industry leader, to be the exclusive distributor of Iveco bus chassis in Egypt.
GB Auto launches operations at two new after-sales facilities in Egypt, one in Assiut and the other one is in Cairo-Ismailia Desert Road.
Drive, GB Auto’s consumer finance venture begins operations, financing consumer purchases of passenger cars.
GB Auto acquires the exclusive right to distribute internationally-recognized ZC Rubber’s Westlake passenger car, van, TBR, and OTR tires in the Egyptian market.
GB Auto inaugurates the newly revamped Prima plant, which now features the latest-generation of the quality-control systems, fully automated conveyor transits and the first fully robotic paint shop in the region.
GB Auto submits its first communication progress for the UN Global Compact.
In 2013, the company announces its efforts to expand its geographical footprint had come to fruition, with key brand representations in Algeria and Libya.
GB Auto signs a contract with General Motors East Africa to export more than 200 buses in 2H13.
The GB Academy is completed, and instruction begins at the purpose-built campus in Abu Rawash.
GB Auto signs an agreement with Chery to distribute a microbus product.
GB Auto wins Geely International Corporation’s 2012 Best Distribution Award.
GB Auto engineer wins the gold medal in the Engine System Support category at Hyundai Motor Corporation’s (HMC) World SKill Olympic Competition.
GB Auto acquires the exclusive right to distribute Goodyear tires in Algeria and is open to expanding this representation to other high-potential markets in North and Sub-Saharan Africa.
GB Auto acquires distribution rights for Goodyear tires in Algeria.
GB Auto enters an exclusive strategic alliance to distribute Gazprom Neft Lubricants.
GB Auto begins operations at Pre-Owned Vehicles division.
GB Auto receives Best Distributor Award from Geely; Honored by Hyundai for excellent after-sales service.
GB Auto obtains approval on EGP 960 million capital increase.
GB Auto’s EGP 960 million capital increase was 99.86% covered.
GB Auto supplies public transport authority in Alexandria with 150 buses.
GB Auto joins forces with Cisco to drive information technology and ICT education in Egypt.
Together GB Auto and Egypt’s Aboul Fotouh Automotive with Chery, partner up and GB Auto expanded its brand portfolio by adding Chery.
GB Auto inks agreement with Bajaj to expand Egypt operations.
GB Auto awarded new tenders for 260 public transport buses in Egypt.
360° network of premium express service centers launch to high-end consumers.
GB Lease receives second-place ranking from EFSA.
GB Auto Tires Division acquires the distribution of Westlake Heavy Truck tires in Egypt.
GB Auto launches its own branded tires, Verde.
GB Auto penetrates the tourism segment after delivering coaches to TEZ and Carols.
GB Auto increases its share in GB Polo to 80% from 51%.
GB Auto signs an agreement with Shell to supply After-Sales service centers with motor oil.
GB Auto launches Verde in Algeria at the end of the first quarter.
GB Auto awarded 270,000 sqm of land to start the construction of a new hangers manufacturing facility.
GB Auto wins Global Banking & Finance Awards for Best Automotive Manufacturing Company in Egypt 2018
Leading private equity firm Development Partners International invests in two GB Capital subsidiaries (Mashroey and Tasaheel).
GB Auto launches Hyundai’s first hybrid car in Egypt, IONIQ.
GB Auto wins Volvo Bus Award for performance.
GB Auto wins several awards: Advisor Skill Contest Gold medal, Outstanding After Sales Performance for Chery, Service Advisor Skill Contest Silver medal for Mazda, and Customer Experience CxC1 Opinion Leader Special for Hyundai.
GB Auto celebrates the local production of New Chery “Arrizo 5’’ through its manufacturing plant in Abu Rawash industrial zone.
Shareholders approve, at an extraordinary general assembly, a resolution that allows GB Auto to merge with Raouf Ghabbour Investments (RGI), the subsidiary that owns GB Capital.
Talaat Moustafa Group (TMG), GB Capital, and EFG Hermes Finance have entered an agreement to create a mortgage finance joint venture (JV) Bedaya, with each party to hold 1/3 the JV’s equity. GB Auto launches the locally assembled car Tiggo 3 facelift.
GB Auto wins Global Banking & Finance Awards for Best Automotive Manufacturing Company in Egypt 2019.
GB Auto wins Global Banking & Finance Awards for Best Investors Relations in Egypt 2019.
GB Auto and El Ghalban Auto Market Group form commercial vehicle distributor JV for JMC -brand cars.
GB Auto and EFG Hermes to acquire majority stake in life insurance player Tokio Marine Egypt Family Takaful.
GB Auto launches the new Chery Tiggo 7 1.5 Turbo 2020.
GB Auto announces its new partnership with SAIC Motor Middle East FZE to add the MG brand to its brand portfolio in Iraq.
GB Auto presents the collaboration between Haram Tourism Transport and Coca-Cola Egypt, which see Haram Tourism Transport executes the largest quasi-operational lease contract in Egypt for 600+ cars and successfully delivers the fleet in July.
Goodyear Middle East & Africa partners with GB Auto to become an Authorized Distributor of Goodyear Tires in Egypt.
GB Auto and EFG Hermes complete a majority stake acquisition of Tokio Marine Egypt Family Takaful.
GB Auto and GIZ (German International Cooperation) sign an agreement to create an Incubator to support innovative startups in the Automotive and Fintech sectors. selecting startups to be hosted at the GB Auto Academy and benefit from the company's shared services and mentoring from the executive team.
Ghabbour Foundation celebrates the graduation of the first class of vocational trainees from the Imbaba School, a key milestone for the Ghabbour Foundation.
Volvo trucks successfully introduce the new FH with the i-Save feature, which increases fuel efficiency and cuts fuel costs by ¢ 7%, GB Auto is the sole distributor in Egypt for Volvo Trucks.
GB Auto announces the cooperation with Talaat Moustafa Group Holding (TMGH) that see GB Auto develops a high-end and luxurious mobile sales office for TMGH.
MNT-Halan, Egypt's leading fintech ecosystem, announces a c. US$120 million investment by major global and regional growth investors: Apis Growth Fund Il, Development Partners International (DP1), and Lorax Capital Partners.
GB Auto announces that one of its subsidiaries has executed an agreement with certain foreign investment funds whereby it would commence the procedures for the sale of part of its shareholding in MNT Investments BV.
GB Auto unprecedentedly launches the Haval 2022 with innovative technology and superior capabilities.
GB Auto officially acquires Changan's sole distributorship and introduces 4 new models (New Alsvin, EADO DT, CS15 and cs55).
Drive Receives Final Approval on Consumer Financing License from Egypt's Financial Regulatory Authority to launch consumer financing activities.
GB Auto is awarded the IDC Excellence Award for “Excellence in Digital Innovation” recognizing it as one of the region's top 10 leaders in technology.
GB Auto proudly owns 45 service centers across Egypt.
GB Auto announces the partnership with the Egyptian Clothing Bank initiative. This initiative allows all GB Auto's employees to donate clothes to children in need.
GB Auto proudly announces COVID-19 mass vaccination process to our GB Auto family.
GB Auto announces the partnership with Great Wall Motors and launches the new Wingle 5.
GB Auto collaborates with Bank Al Ahly to customize their buses according
GB Corp provides integrated mobility solutions. Whether you are moving from point A to B, planning for a better opportunity, or aspiring for a better quality of life, we make the next step easier. With GB Corp, you will always be moving forward.
As a company with many subsidiaries, our internal core values connect and align all of our sub-brands in a cohesive manner while staying true to our essence and identity.