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'''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|accessdate=10 August 2012}}</ref>
'''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>


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 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>
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===[[Geely]] (formerly)===
===[[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}}</ref> The campaign generated a lot of negative sentiment towards the brand.
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}}</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]]<ref>Chery Egypt's website: https://www.chery-eg.com/</ref>===
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|[[Ghabbour Family]] || 63,4 %
|[[Ghabbour Family]] || 63,4 %
|-
|-
| [[Egyptian Exchange|Free Float]] || 36.6 %
| [[Egyptian Exchange|Free Float]] || 36.6%
|}
|}
{| class="wikitable sortable"
{| 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</ref>
|+ 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</ref>
! Shares !! Percentage of Shares
! Shares !! Percentage of Shares
|-
|-
|'''RG Investments S.A.R.L''' || 58,92 %
|'''RG Investments S.A.R.L''' || 58,92 %
|-
|-
| '''MIRI Strategic Emerging Markets Fund''' || 6.84 %
| '''MIRI Strategic Emerging Markets Fund''' || 6.84%
|-
|-
|'''Olayan Saudi Investments''' || 5.1 %
|'''Olayan Saudi Investments''' || 5.1%
|-
|-
|'''Total Shares (excl. Anonymous Shareholders)''' || '''769,112,462'''
|'''Total Shares (excl. Anonymous Shareholders)''' || '''769,112,462'''
|-
|-
|'''[[Société Anonyme|Anonymous Shareholders]] (Shareholders with less than a 5% Ownership Stake)''' || 29.14 %
|'''[[Société Anonyme|Anonymous Shareholders]] (Shareholders with less than a 5% Ownership Stake)''' || 29.14%
|}
|}


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{| class="wikitable sortable"
{| class="wikitable sortable"
|+ Division of the Board of Directors as of Q1 2024<ref name=intankir/>! Shares !! Title
|+ 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. Mohamed Naguib''' || [[Non-Executive Director|Non-Executive Chairman]]
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{{Automotive industry in Egypt}}
{{Automotive industry in Egypt}}
{{Portal|Companies}}
{{Portal|Companies}}

[[Category:Vehicle manufacturing companies established in 1960]]
[[Category:Vehicle manufacturing companies established in 1960]]
[[Category:Car manufacturers of Egypt]]
[[Category:Car manufacturers of Egypt]]

Revision as of 13:36, 21 June 2024

GB Corp
جي بي كورب
Company typeS.A.E
IndustryAutomotive industry
Founded1960
FoundersKamal Ghabbour
Sadek Ghabbour
Headquarters
Cairo
,
Egypt
Area served
Egypt, Iraq, Kenya
Key people
Nader Ghabbour (CEO)
Dina Ghabbour (CBDO)
Wissam Al Adany (CIO)
ProductsAutomobiles, Buses, Trucks and Motorcycles
E£201.4 million[citation needed]
Websitehttps://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]

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.[6]

Hyundai[7]

Mazda[8]

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.[9] The campaign generated a lot of negative sentiment towards the brand.

Chery[10]

Changan[11]

Haval[12]

Motorcycles and Light Vehicles

Bajaj Auto[13]

Commercial Vehicles

Volvo Trucks[14]

Fuso[15]

MCV[16]

IVECO Bus

Higer Bus

SHACMAN

JMC

FOTON

Epiroc

Tires

GB is the official distributor for 4 tire brands:[17]

Yokohama

Lassa Tires

Double Coin

West Lake Tires

Spare Parts

GB also has several outlets for spare parts:[18]

Bosch

Mando

Monroe

Gazprom Neft

Model Overview (Iraqi Market)

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.

MG Motor[3]

Bajaj Auto[21]

Model Overview (Kenya)

GB is the sole distributor in Kenya for the following brands:[22]

King Long

Eicher Motors

Stock Exchange Information

GB Corp is listed on the Egyptian Exchange as GBCO.

Total Shares Listed

1,085,500,000 [23]

Division of Shares as of Q1 2024[23]
Shares Percentage of Shares
Ghabbour Family 63,4 %
Free Float 36.6%
Division of Free Float Shares as of Q1 2024[24]
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

The current Board of Directors expires in March 2025.[24]

Division of the Board of Directors as of Q1 2024![24] Shares !! Title
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

  1. ^ Ghabbour Group, World News.
  2. ^ "Company Profile for GB Auto SAE". in.reuters.com. Archived from the original on 2 November 2013. Retrieved 10 August 2012.
  3. ^ a b MG Iraq's Official Website: https://www.mgiraq.com/
  4. ^ Bajaj Iraq Website: https://iraq.globalbajaj.com/
  5. ^ GB Auto Kenya: https://m.facebook.com/GBAutoinKenya/
  6. ^ GB Corp's Official Website: https://gb-corporation.com/gb-auto/#tab-lines-413
  7. ^ Hyundai Egypt website: https://hyundai-egypt.net/
  8. ^ Mazda Egypt: https://www.mazdamisr.com/
  9. ^ "هاشتاج لو ببلاش متركبهاش يحذر من شراء جيلي امجراند - سيارات". أخبارك.نت (in Arabic). Retrieved 2019-01-20.
  10. ^ Chery Egypt's website: https://www.chery-eg.com/
  11. ^ Changan Egypt: https://changan.com.eg/en/landing/
  12. ^ Haval (GWM) Egypt Official Website: https://greatwall.eg/
  13. ^ Bajaj Egypt: https://egypt.globalbajaj.com/
  14. ^ Volvo Buses Egypt: https://www.volvobuses.com/eg/
  15. ^ FUSO Egypt Facebook Page: https://www.facebook.com/FusoEgypt/
  16. ^ MCV's About Page: https://www.mcv-eg.com/about-us/#who
  17. ^ GB Corp's Website: https://gb-corporation.com/gb-auto/#tab-lines-489
  18. ^ GB Corp's Website: https://gb-corporation.com/gb-auto/#tab-lines-463
  19. ^ GK Auto Facebook: https://www.facebook.com/GKAuto/
  20. ^ GQ Auto Linkedin Page: https://www.linkedin.com/company/bajajiraq/?originalSubdomain=iq
  21. ^ Bajaj Iraq: https://iraq.globalbajaj.com/
  22. ^ GB Auto Kenya Facebook Page: https://www.facebook.com/GBAutoinKenya/
  23. ^ a b https://ir.gb-corporation.com/en/shareholding-structure
  24. ^ a b c https://s3.amazonaws.com/resources.inktankir.com/gb/1Q24-Form-30-English-1-.pdf
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