Emirati Chimera to acquire 45% of a subsidiary of GB Auto at a value of EGP 855m
The initial valuation of GB Lease is at EGP 2bn: Sources
Latest in Tag: GB Highlight
Latest in Tag: GB
Free 3,000 minutes, 10 GB mobile internet for Egypt’s medical staffs at quarantines
This serves as a token of gratitude to the medical staffs who have been working night and day to provide their services to the citizens during these difficult times, helping coronavirus patients, and strive to limit its spread.
GB Lease finalises its 2nd securitised EGP 767m bond offering
The second tranche consists of EGP 353m, 36-month callable bond with a variable yield of 90 bps over the net after tax return on 182-day Egyptian T-Bills
Urgent comprehensive strategy needed for Egyptian industry: GB
Egypt does not benefit from current industries
Worst finally over for Egypt business environment: Raouf Ghabbour
Economy reforms start to pay off after years of uncertainty
GB Auto increases car prices 3 times in November, causes temporary shock in market: Ghabbour
Sales will return to normal within a few days, says the chairperson
Al Nahar allocates EGP 40m for the development of 50% of its fleet beginning in 2017
We have contracted with Ghabbour to carry out necessary developments, says Abou Zeid
Chery takes first steps with GB Auto by raising its prices
Geely decided to raise the price of Emgrand by EGP 9,000, and Pandino and Pandino X by EGP 3,000 each. Chery, and its agent in Egypt GB Auto, raised the price of Envy by EGP 7,000 and Tiggo by EGP 9,000. Brilliance and MG kept their prices unchanged from May through June. A previous tour …
GB Ghabbour Auto to start manufacturing components of tuk-tuks, motorcycles locally
It plans to begin construction of its new factory in March or April
GB Auto introduces seven new cars in Automech Formula
Elantra HD returns as locally assembled Elantra AD and Tucson becomes first 2017 model in Egypt
EGP 960m capital increase for GB Auto to reach EGP 1.094bn
Shareholders, purchasers exercised right to participate in EGP 960m capital increase, which will be allocated to investing in tire manufacturing facility
Egypt’s GB Auto posts 40% fall in Q4 profit
Reuters – Egyptian auto distributor GB Auto reported a 40.6% drop in fourth-quarter net profit while revenues rose nearly 20% to EGP 2.819bn ($405.00m). The company said 2013 full-year net profit dropped by nearly 47% to EGP 116m, while revenue was up 10% to EGP 9.130bn. It said it is targeting gross profit of EGP …