Ghabbour Group: Difference between revisions
irrelevant Tags: references removed Visual edit: Switched |
Added Berliet (Renault Trucks) |
||
(31 intermediate revisions by 16 users not shown) | |||
Line 1: | Line 1: | ||
{{short description|Egyptian manufacturer of automobiles, buses, trucks |
{{short description|Egyptian manufacturer of automobiles, buses, trucks and motorcycles.}} |
||
{{Expand German|GB Corp|date=May 2010}} |
|||
{{more footnotes|date=February 2011}} |
|||
{{Infobox company |
{{Infobox company |
||
|name = GB Corp<br/>جي بي كورب |
|name = GB Corp<br/>جي بي كورب |
||
|logo = |
|logo = Gb-corp-logo.png |
||
|type = [[ |
|type = [[Société Anonyme|S.A.E]] |
||
|foundation = 1960 |
|foundation = 1960 |
||
| |
|founders = [[Kamal Ghabbour]]<br/>[[Sadek Ghabbour]] |
||
|location_city = [[Cairo]] |
|location_city = [[Cairo]] |
||
|location_country = [[Egypt]] |
|location_country = [[Egypt]] |
||
|area_served = [[ |
|area_served = [[Egypt]], [[Iraq]], [[Jordan]], [[Kenya]] |
||
|key_people = [[ |
|key_people = [[Nader Ghabbour]] ([[Chief Executive Officer|CEO]])<br/>[[Dina Ghabbour]] ([[Chief Business Development Officer|CBDO]])<br/>[[Wissam Al Adany]] ([[Chief Information Officer|CIO]]) |
||
|industry = [[Automotive industry]] |
|industry = [[Automotive industry]] |
||
|products = [[Automobile]]s, [[Bus]]es, [[Truck]]s and [[Motorcycle]]s |
|products = [[Automobile]]s, [[Bus]]es, [[Truck]]s and [[Motorcycle]]s |
||
|revenue = |
|revenue = |
||
|url = |
|url = |
||
|operating_income = {{EGP| |
|operating_income = {{EGP|4,536.7 million|link=yes}} (Q3 2024)<ref>Q3 Earnings Newsletter: https://s3.amazonaws.com/resources.inktankir.com/gb/GB-Corp-ER-3Q24-E-Final.pdff</ref> |
||
|net_income = {{EGP|1,794.2 million|link=yes}} (Q3 2024)<ref>Q3 Earnings Newsletter: https://s3.amazonaws.com/resources.inktankir.com/gb/GB-Corp-ER-3Q24-E-Final.pdff</ref> |
|||
|net_income = |
|||
|num_employees = |
|num_employees = |
||
|subsid = |
|subsid = |
||
|divisions = |
|divisions = |
||
|homepage = |
|homepage = https://gb-corporation.com/ |
||
}} |
}} |
||
'''GB Corp''' is an Egyptian manufacturer of [[automobile]]s, [[bus]]es, [[truck]]s and [[motorcycle]]s located in [[Cairo]].<ref>[http://wn.com/Ghabbour_Group Ghabbour Group], [http://wn.com/ World News].</ref><ref>{{cite web |url= http://in.reuters.com/finance/stocks/companyProfile?symbol=AUTO.CA |archive-url= https://web.archive.org/web/20131102155528/http://in.reuters.com/finance/stocks/companyProfile?symbol=AUTO.CA |url-status= dead |archive-date= 2 November 2013 |title=Company Profile for GB Auto SAE|work=in.reuters.com|access-date=10 August 2012}}</ref> |
|||
GB Corp is an Egyptian company that specializes in providing comprehensive mobility solutions to customers worldwide. The company was established in 1960 by Sadek and Kamal Ghabbour as a family-owned trading business. Over the years, GB Corp has diversified its interests and expanded into automotive-related products. Today, it has become a local and regional powerhouse under GB Corp, leveraging market opportunities and expanding its product offerings through The Power of Mobility. In the 1970s, Egypt's open-door policy presented an opportunity for GB Corp to bring international expertise to the Egyptian automotive market, leading to rapid growth throughout the 1980s and 1990s. Today, GB Corp is a leading automobile company in Egypt with a market expansion to the Middle East and East Africa. |
|||
The company was founded in 1960 by the brothers [[Kamal Ghabbour|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 [[Renault Véhicules Industriels|RVI]]) vehicles. Today the Group manufactures vehicles for numerous brands such as: [[Bajaj Auto]], [[Hyundai Motor Company|Hyundai]] and [[Volvo Trucks|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''<ref name=mgiraq>MG Iraq's Official Website: https://www.mgiraq.com/</ref> and ''GQ Auto'',<ref>Bajaj Iraq Website: https://iraq.globalbajaj.com/</ref> and in [[Kenya]].<ref>GB Auto Kenya: https://m.facebook.com/GBAutoinKenya/</ref> |
|||
The company offers various business streams, including assembly factories and authorized dealerships for global brands such as Hyundai, Mazda, Chery, Changan, Haval, Karry, Bajaj, Marcopolo, Iveco, Volvo Truck, Volvo Bus, Volvo Construction Equipment, Mitsubishi Fuso, SDLG, Higer, Shacman, Lassa, Yokohama, Westlake, Double Coin, Goodyear, Thunderer, Verde, Techking, Sunfull, MG, GWM, and Gazpromneft. |
|||
==Model overview (Egyptian Market)== |
|||
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.<ref>GB Corp's Official Website: https://gb-corporation.com/gb-auto/#tab-lines-413</ref> |
|||
The company is committed to constantly moving forward with its customers by making their next step more accessible, whether it's moving from point A to point B or planning for a better opportunity or quality of life through different lines of business such as Ghabbour Foundation, GB Capital, GB Logistics, GB Academy, GB Ventures, GB Lease & Factoring and GB Capital for Securitization. |
|||
===[[Hyundai Motor Company|Hyundai]]<ref>Hyundai Egypt website: https://hyundai-egypt.net/</ref>=== |
|||
The vision of GB Corp is to make mobility accessible to everyone while recognizing that the world is constantly transforming and evolving. As a result of this vision and commitment towards innovation and evolution in mobility solutions, customers can benefit from the latest technological advancements offered by GB Corp. |
|||
*[[Hyundai Accent#Fourth Generation|Hyundai Accent RB]] |
|||
*[[Hyundai Elantra#Sixth Generation|Hyundai Elantra AD]] |
|||
*[[Hyundai Elantra#Seventh Generation|Hyundai Elantra CN7]] |
|||
*[[Hyundai Tucson#Fourth Generation|Hyundai Tucson NX4]] |
|||
*[[Hyundai Santa Fe#Fifth Generation|Hyundai Santa Fe]] |
|||
===[[Mazda vehicles|Mazda]]<ref>Mazda Egypt: https://www.mazdamisr.com/</ref>=== |
|||
==Model overview== |
|||
*[[Mazda 6]] sedan |
|||
*[[Mazda 3]] sedan & hatchback |
|||
*[[Mazda 2]] sedan |
|||
*[[Mazda CX-9]] |
|||
===[[Geely]] (formerly)=== |
|||
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.<ref>{{Cite web|url=http://akhbarak.net/news/2015/06/12/6703052/articles/18976401/%D9%87%D8%A7%D8%B4%D8%AA%D8%A7%D8%AC-%D9%84%D9%88-%D8%A8%D8%A8%D9%84%D8%A7%D8%B4-%D9%85%D8%AA%D8%B1%D9%83%D8%A8%D9%87%D8%A7%D8%B4-%D9%8A%D8%AD%D8%B0%D8%B1-%D9%85%D9%86-%D8%B4%D8%B1%D8%A7%D8%A1-%D8%AC%D9%8A%D9%84%D9%8A-%D8%A7%D9%85%D8%AC%D8%B1%D8%A7%D9%86%D8%AF|title=هاشتاج لو ببلاش متركبهاش يحذر من شراء جيلي امجراند - سيارات|website=أخبارك.نت|language=ar|access-date=2019-01-20|archive-date=2019-04-18|archive-url=https://web.archive.org/web/20190418093657/http://www.akhbarak.net/news/2015/06/12/6703052/articles/18976401/%D9%87%D8%A7%D8%B4%D8%AA%D8%A7%D8%AC-%D9%84%D9%88-%D8%A8%D8%A8%D9%84%D8%A7%D8%B4-%D9%85%D8%AA%D8%B1%D9%83%D8%A8%D9%87%D8%A7%D8%B4-%D9%8A%D8%AD%D8%B0%D8%B1-%D9%85%D9%86-%D8%B4%D8%B1%D8%A7%D8%A1-%D8%AC%D9%8A%D9%84%D9%8A-%D8%A7%D9%85%D8%AC%D8%B1%D8%A7%D9%86%D8%AF|url-status=dead}}</ref> The campaign generated a lot of negative sentiment towards the brand. |
|||
===[[Chery]]<ref>Chery Egypt's website: https://www.chery-eg.com/</ref>=== |
|||
*[[Chery Arrizo 5]] |
|||
*[[Chery Tiggo 3]] |
|||
*[[Chery Tiggo 5x|Chery Tiggo 4 Pro]] |
|||
*[[Chery Tiggo 7]] |
|||
*[[Chery Tiggo 7#Second Generation|Chery Tiggo 7 Pro]] |
|||
*[[Chery Tiggo 8]] |
|||
*[[Chery Tiggo 8|Chery Tiggo 8 Pro]] |
|||
*[[Chery eQ7]] |
|||
===[[Changan]]<ref>Changan Egypt: https://changan.com.eg/en/landing/</ref>=== |
|||
*[[Changan UNI-T]] |
|||
*[[Changan Alsvin]] |
|||
*[[Changan Eado|Changan Eado DT]] |
|||
*[[Changan CS15]] |
|||
*[[Changan CS35 Plus]] |
|||
*[[Changan CS55 Plus]] |
|||
===[[Haval (marque)|Haval]]<ref>Haval (GWM) Egypt Official Website: https://greatwall.eg/</ref>=== |
|||
*[[Haval H6]] |
|||
*[[Haval Jolion]] |
|||
===Motorcycles and Light Vehicles=== |
|||
===[[Bajaj Auto]]<ref>Bajaj Egypt: https://egypt.globalbajaj.com/</ref>=== |
|||
*[[Bajaj Boxer]] |
|||
*[[Bajaj Pulsar]] |
|||
*[[Bajaj Maxima]] |
|||
*[[Bajaj Tuk-Tuk-Re]] |
|||
===Commercial Vehicles=== |
|||
===[[Volvo Trucks]]<ref>Volvo Buses Egypt: https://www.volvobuses.com/eg/</ref>=== |
|||
*[[Volvo FH]] |
|||
*[[Volvo FL|Volvo FL6]] |
|||
*[[Volvo FM]] |
|||
*[[Volvo B12|Volvo Splendido]] (B12B Bus Type GVW) |
|||
===[[Mitsubishi Fuso Truck and Bus Corporation|Fuso]]=== |
===[[Mitsubishi Fuso Truck and Bus Corporation|Fuso]]<ref>FUSO Egypt Facebook Page: https://www.facebook.com/FusoEgypt/</ref>=== |
||
*[[Mitsubishi Fuso Canter|Mitsubishi Canter]] |
*[[Mitsubishi Fuso Canter|Mitsubishi Canter]] |
||
*[[Mitsubishi Cruiser]] |
*[[Mitsubishi Cruiser]] |
||
Line 44: | Line 92: | ||
*[[Mitsubishi Rosa]] |
*[[Mitsubishi Rosa]] |
||
===[[Manufacturing Commercial Vehicles|MCV]]<ref>MCV's About Page: https://www.mcv-eg.com/about-us/#who</ref>=== |
|||
===[[Hyundai Motor Company|Hyundai]]=== |
|||
* [[ECHOLINE E-Model|ECHOLINE E]]10 / 20 (also known as ''Ecoline-DAFC'' and ''[[Beiqi Foton Motor|FOTON]]'' in the [[People's Republic of China]]) |
|||
*[[Hyundai Accent]] |
|||
* [[ECHOLINE E30|ECHOLINE E]]30 (also known as ''Ecoline-DAFC'' and ''[[Beiqi Foton Motor|FOTON]]'' in the [[People's Republic of China]]) |
|||
*[[Hyundai Accent|Hyundai Accent Sport]] |
|||
* [[ECHOLINE E40|ECHOLINE E]]40 (also known as ''Ecoline-DAFC'' and ''FOTON'' in the People's Republic of China) |
|||
*[[Hyundai Solaris]] |
|||
* [[MCV Evolution|MCV eVolution-MAN]] C100 / C110 / C120 (from 2004) |
|||
*[[Hyundai Atos|Hyundai Atos Prime]] |
|||
* [[MCV Evolution|MCV eVolution-DENNIS]] C101 / C111 / C121 (from 2004) |
|||
*[[Hyundai Elantra AD & MD & HD]] |
|||
* [[MCV Evolution|MCV eVolution]] C123RLE (for [[Volvo B7RLE]]) |
|||
*[[Hyundai Elantra|Hyundai Elantra SE]] |
|||
* [[MCV Evolution|MCV eVolution]] C124RLE (for [[Mercedes-Benz OC500LE]]) |
|||
*[[Hyundai H-1]] |
|||
* [[MCV Evora]] |
|||
*[[Hyundai H-1|Hyundai H-1 Van]] |
|||
* [[MCV EvoSeti]] |
|||
*[[Hyundai Porter|Hyundai H100 Pick-up]] |
|||
*[[ |
* [[MCV Alfa]] |
||
* [[MCV Ego]] (since 2006; Great Britain) |
|||
*[[Hyundai i30|Hyundai i30 CW]] |
|||
*[[ |
* [[MCV Stirling]] |
||
* [[MCV DD103]] (for [[Volvo B9TL]]) |
|||
*[[Hyundai Nova]] |
|||
* [[Mercedes-Benz MCV 200 Safari]] (since 2010, based on the [[Mercedes-Benz Atego]]) |
|||
*[[Hyundai Santa Fe]] |
|||
* [[Mercedes-Benz MCV 240]]E (since 2008) |
|||
*[[Hyundai Sonata]] |
|||
* [[Mercedes-Benz MCV 260]]C / R / S (since 2000) |
|||
*[[Hyundai ix35|Hyundai Tucson ix35]] |
|||
*[[ |
* [[Mercedes-Benz MCV 260T]] |
||
* [[Mercedes-Benz MCV 400]] E / H / R / T |
|||
*[[Hyundai Verna|Hyundai Verna Star]] |
|||
* [[Mercedes-Benz MCV 500]] (since 1996) |
|||
*[[Hyundai Verna|Hyundai Verna Viva]] |
|||
* [[Mercedes-Benz MCV 600]] (since 1996)<!-- available model version in the EU: MCV 600 Super High Deck --> |
|||
* [[Mercedes-Benz MCV C120]] / C120 LE<!-- available model version in the EU: MCV C120 --> |
|||
* [[Mercedes-Benz Tourismo]] |
|||
* [[Mercedes-Benz Travego]] |
|||
===[[ |
===[[IVECO Bus]]=== |
||
===[[Higer Bus]]=== |
|||
===[[Shaanxi Automobile Group|SHACMAN]]=== |
|||
*[[Mazda 3]] sedan & hatchback |
|||
===[[Jiangling Motors Corporation|JMC]]=== |
|||
*[[Mazda 2]] sedan |
|||
===[[Foton Motor|FOTON]]=== |
|||
*[[Mazda CX-9]] |
|||
===[[Berliet]] ([[Renault Trucks]]; formerly)=== |
|||
===Chinese vehicles=== |
|||
===[[Epiroc]]=== |
|||
=== |
===Tires=== |
||
GB is the official distributor for 4 tire brands:<ref>GB Corp's Website: https://gb-corporation.com/gb-auto/#tab-lines-489</ref> |
|||
*[[motorbike]]s |
|||
*[[auto rickshaw]]s |
|||
===[[ |
===[[Yokohama Rubber Company|Yokohama]]=== |
||
===[[Lassa Tires]]=== |
|||
===[[Double Coin]]=== |
|||
*[[Volvo FL|Volvo FL6]] |
|||
===[[West Lake Tires]]=== |
|||
*[[Volvo FM]] |
|||
*[[Volvo B12|Volvo Splendido]] (B12B Bus Type GVW) |
|||
===Spare Parts=== |
|||
GB also has several outlets for spare parts:<ref>GB Corp's Website: https://gb-corporation.com/gb-auto/#tab-lines-463</ref> |
|||
===[[Bosch (company)|Bosch]]=== |
|||
===[[HL Mando|Mando]]=== |
|||
===[[Monroe Shocks and Struts|Monroe]]=== |
|||
===[[Gazprom Neft]]=== |
|||
==Model Overview (Iraqi Market)== |
|||
GB Corp operates in Iraq under the names ''GK Auto'',<ref>GK Auto Facebook: https://www.facebook.com/GKAuto/</ref> and ''GQ Auto'' for [[Bajaj Auto|Bajaj]] vehicles.<ref>GQ Auto Linkedin Page: https://www.linkedin.com/company/bajajiraq/?originalSubdomain=iq</ref> GB is an official dealer for [[MG Motor|MG]] and [[Bajaj Auto|Bajaj]] in Iraq. |
|||
===[[MG Motor]]<ref name=mgiraq/>=== |
|||
*[[MG One]] |
|||
*[[MG 3]] |
|||
*[[Roewe i5|MG 5]] |
|||
*[[MG 7]] |
|||
*[[MG GT]] |
|||
*[[MG RX5]] |
|||
*[[MG RX8]] |
|||
*[[MG RX8|MG RX8 Black Edition]] |
|||
*[[MG HS]] |
|||
*[[MG ZST]] |
|||
*[[MG Whale]] |
|||
*[[MG T60]] |
|||
===[[Bajaj Auto]]<ref>Bajaj Iraq: https://iraq.globalbajaj.com/</ref>=== |
|||
*[[Bajaj Dominar D400]] |
|||
==Model Overview (Jordan)== |
|||
GB is the sole distributor of [[MG Motor]] and [[Rising Auto]] in Jordan, under the name of ''GKS Auto''. |
|||
===[[MG Motor]]<ref>MG Motor Jordan: https://www.mg-jo.com/</ref>=== |
|||
*[[MG One]] |
|||
*[[MG 3]] |
|||
*[[Roewe i5|MG 5]] |
|||
*[[MG 7]] |
|||
*[[MG GT]] |
|||
*[[MG RX5]] |
|||
*[[MG RX8]] |
|||
*[[MG RX8|MG RX8 Black Edition]] |
|||
*[[MG HS]] |
|||
*[[MG ZST]] |
|||
*[[MG ZS EV]] |
|||
*[[MG Whale]] |
|||
*[[MG T60]] |
|||
*[[MG 4 Electric]] |
|||
*[[MG RX9]] |
|||
===[[Rising Auto]]<ref>Rising Auto Jordan: https://risingauto-jo.com/</ref>=== |
|||
*[[Rising Auto R7]] |
|||
*[[Rising Auto F7]] |
|||
==Model Overview (Kenya)== |
|||
GB is the sole distributor in Kenya for the following brands:<ref>GB Auto Kenya Facebook Page: https://www.facebook.com/GBAutoinKenya/</ref> |
|||
===[[King Long]]=== |
|||
===[[Eicher Motors]]=== |
|||
== Stock Exchange Information == |
|||
GB Corp is listed on the [[Egyptian Exchange]] as GBCO. |
|||
===Total Shares Listed=== |
|||
1,085,500,000 <ref name=ir_gb>{{cite web | url=https://ir.gb-corporation.com/en/shareholding-structure | title=GB Corp }}</ref> |
|||
{| class="wikitable sortable" |
|||
|+ Division of Shares as of Q1 2024<ref name=ir_gb/> |
|||
! Shares !! Percentage of Shares |
|||
|- |
|||
|[[Ghabbour Family]] || 63,4 % |
|||
|- |
|||
| [[Egyptian Exchange|Free Float]] || 36.6% |
|||
|} |
|||
{| class="wikitable sortable" |
|||
|+ Division of Free Float Shares as of Q1 2024<ref name=intankir>https://s3.amazonaws.com/resources.inktankir.com/gb/1Q24-Form-30-English-1-.pdf {{Bare URL PDF|date=August 2024}}</ref> |
|||
! Shares !! Percentage of Shares |
|||
|- |
|||
|'''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''' |
|||
|- |
|||
|'''[[Société Anonyme|Anonymous Shareholders]] (Shareholders with less than a 5% Ownership Stake)''' || 29.14% |
|||
|} |
|||
===Board of Directors=== |
|||
The current Board of Directors expires in March 2025.<ref name=intankir/> |
|||
{| class="wikitable sortable" |
|||
<references /> |
|||
|+ Division of the Board of Directors as of Q1 2024!<ref name=intankir/> Shares !! Title |
|||
|- |
|||
|'''Mr. Mohamed Naguib''' || [[Non-Executive Director|Non-Executive Chairman]] |
|||
|- |
|||
| '''Mr. Mounir Fakhry Abdelnour''' || [[Independent director|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 director|Independent Board Member]] |
|||
|- |
|||
|'''Ms. Marwa El Ayouti''' || [[Independent director|Independent Board Member]] |
|||
|} |
|||
== |
==References == |
||
{{reflist}} |
|||
*[http://www.gb-corporation.com/ GB Corp website] |
|||
*[http://www.gb-corporation.com/ Ghabbour Group website] |
|||
*[http://www.hyundai-egypt.net/ Hyundai in Egypt] |
|||
*[http://www.mitsubishi-fuso.com/en/sales_service/wwd/html_version.html Mitsubishi Fuso (Dealer list)] |
|||
*[http://www.volvotrucks.com/trucks/egypt-market/en-eg/Pages/Home.aspx Volvo Trucks in Egypt] |
|||
*[http://www.volvo.com/dealers/en-au/ghabbour/introduction.htm Volvo Construction Equipment in Egypt] |
|||
*[http://phx.corporate-ir.net/phoenix.zhtml?c=216775&p=irol-IRHome Ghabbour Group on the Egyptian Stick Exchange] |
|||
{{Automotive industry in Egypt}} |
{{Automotive industry in Egypt}} |
||
{{Portal|Companies}} |
|||
[[Category:Vehicle manufacturing companies established in 1960]] |
[[Category:Vehicle manufacturing companies established in 1960]] |
||
Line 105: | Line 257: | ||
[[Category:Egyptian companies established in 1960]] |
[[Category:Egyptian companies established in 1960]] |
||
[[Category:Conglomerate companies of Egypt]] |
[[Category:Conglomerate companies of Egypt]] |
||
[[Category:Companies in the EGX 30]] |
Latest revision as of 11:48, 26 December 2024
Company type | S.A.E |
---|---|
Industry | Automotive industry |
Founded | 1960 |
Founders | Kamal Ghabbour Sadek Ghabbour |
Headquarters | , |
Area served | Egypt, Iraq, Jordan, Kenya |
Key people | Nader Ghabbour (CEO) Dina Ghabbour (CBDO) Wissam Al Adany (CIO) |
Products | Automobiles, Buses, Trucks and Motorcycles |
E£4,536.7 million (Q3 2024)[1] | |
E£1,794.2 million (Q3 2024)[2] | |
Website | https://gb-corporation.com/ |
GB Corp is an Egyptian manufacturer of automobiles, buses, trucks and motorcycles located in Cairo.[3][4]
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[5] and GQ Auto,[6] and in Kenya.[7]
Model overview (Egyptian Market)
[edit]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.[8]
- Mazda 6 sedan
- Mazda 3 sedan & hatchback
- Mazda 2 sedan
- Mazda CX-9
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.[11] The campaign generated a lot of negative sentiment towards the brand.
- Chery Arrizo 5
- Chery Tiggo 3
- Chery Tiggo 4 Pro
- Chery Tiggo 7
- Chery Tiggo 7 Pro
- Chery Tiggo 8
- Chery Tiggo 8 Pro
- Chery eQ7
Motorcycles and Light Vehicles
[edit]Commercial Vehicles
[edit]- Volvo FH
- Volvo FL6
- Volvo FM
- Volvo Splendido (B12B Bus Type GVW)
- ECHOLINE E10 / 20 (also known as Ecoline-DAFC and FOTON in the People's Republic of China)
- ECHOLINE E30 (also known as Ecoline-DAFC and FOTON in the People's Republic of China)
- ECHOLINE E40 (also known as Ecoline-DAFC and FOTON in the People's Republic of China)
- MCV eVolution-MAN C100 / C110 / C120 (from 2004)
- MCV eVolution-DENNIS C101 / C111 / C121 (from 2004)
- MCV eVolution C123RLE (for Volvo B7RLE)
- MCV eVolution C124RLE (for Mercedes-Benz OC500LE)
- MCV Evora
- MCV EvoSeti
- MCV Alfa
- MCV Ego (since 2006; Great Britain)
- MCV Stirling
- MCV DD103 (for Volvo B9TL)
- Mercedes-Benz MCV 200 Safari (since 2010, based on the Mercedes-Benz Atego)
- Mercedes-Benz MCV 240E (since 2008)
- Mercedes-Benz MCV 260C / R / S (since 2000)
- Mercedes-Benz MCV 260T
- Mercedes-Benz MCV 400 E / H / R / T
- Mercedes-Benz MCV 500 (since 1996)
- Mercedes-Benz MCV 600 (since 1996)
- Mercedes-Benz MCV C120 / C120 LE
- Mercedes-Benz Tourismo
- Mercedes-Benz Travego
Berliet (Renault Trucks; formerly)
[edit]Tires
[edit]GB is the official distributor for 4 tire brands:[19]
Spare Parts
[edit]GB also has several outlets for spare parts:[20]
Model Overview (Iraqi Market)
[edit]GB Corp operates in Iraq under the names GK Auto,[21] and GQ Auto for Bajaj vehicles.[22] GB is an official dealer for MG and Bajaj in Iraq.
Model Overview (Jordan)
[edit]GB is the sole distributor of MG Motor and Rising Auto in Jordan, under the name of GKS Auto.
- MG One
- MG 3
- MG 5
- MG 7
- MG GT
- MG RX5
- MG RX8
- MG RX8 Black Edition
- MG HS
- MG ZST
- MG ZS EV
- MG Whale
- MG T60
- MG 4 Electric
- MG RX9
Model Overview (Kenya)
[edit]GB is the sole distributor in Kenya for the following brands:[26]
Stock Exchange Information
[edit]GB Corp is listed on the Egyptian Exchange as GBCO.
Total Shares Listed
[edit]1,085,500,000 [27]
Shares | Percentage of Shares |
---|---|
Ghabbour Family | 63,4 % |
Free Float | 36.6% |
Shares | Percentage of Shares |
---|---|
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% |
Board of Directors
[edit]The current Board of Directors expires in March 2025.[28]
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 |
References
[edit]- ^ Q3 Earnings Newsletter: https://s3.amazonaws.com/resources.inktankir.com/gb/GB-Corp-ER-3Q24-E-Final.pdff
- ^ Q3 Earnings Newsletter: https://s3.amazonaws.com/resources.inktankir.com/gb/GB-Corp-ER-3Q24-E-Final.pdff
- ^ Ghabbour Group, World News.
- ^ "Company Profile for GB Auto SAE". in.reuters.com. Archived from the original on 2 November 2013. Retrieved 10 August 2012.
- ^ a b MG Iraq's Official Website: https://www.mgiraq.com/
- ^ Bajaj Iraq Website: https://iraq.globalbajaj.com/
- ^ GB Auto Kenya: https://m.facebook.com/GBAutoinKenya/
- ^ GB Corp's Official Website: https://gb-corporation.com/gb-auto/#tab-lines-413
- ^ Hyundai Egypt website: https://hyundai-egypt.net/
- ^ Mazda Egypt: https://www.mazdamisr.com/
- ^ "هاشتاج لو ببلاش متركبهاش يحذر من شراء جيلي امجراند - سيارات". أخبارك.نت (in Arabic). Archived from the original on 2019-04-18. Retrieved 2019-01-20.
- ^ Chery Egypt's website: https://www.chery-eg.com/
- ^ Changan Egypt: https://changan.com.eg/en/landing/
- ^ Haval (GWM) Egypt Official Website: https://greatwall.eg/
- ^ Bajaj Egypt: https://egypt.globalbajaj.com/
- ^ Volvo Buses Egypt: https://www.volvobuses.com/eg/
- ^ FUSO Egypt Facebook Page: https://www.facebook.com/FusoEgypt/
- ^ MCV's About Page: https://www.mcv-eg.com/about-us/#who
- ^ GB Corp's Website: https://gb-corporation.com/gb-auto/#tab-lines-489
- ^ GB Corp's Website: https://gb-corporation.com/gb-auto/#tab-lines-463
- ^ GK Auto Facebook: https://www.facebook.com/GKAuto/
- ^ GQ Auto Linkedin Page: https://www.linkedin.com/company/bajajiraq/?originalSubdomain=iq
- ^ Bajaj Iraq: https://iraq.globalbajaj.com/
- ^ MG Motor Jordan: https://www.mg-jo.com/
- ^ Rising Auto Jordan: https://risingauto-jo.com/
- ^ GB Auto Kenya Facebook Page: https://www.facebook.com/GBAutoinKenya/
- ^ a b "GB Corp".
- ^ a b c https://s3.amazonaws.com/resources.inktankir.com/gb/1Q24-Form-30-English-1-.pdf [bare URL PDF]