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Key Points
- The Ghabbour family’s 63.4% stake in GB Corp. has surged to nearly $300 million, thanks to a 19.91% rise in the company’s stock.
- GB Corp.’s net profit surged 55% in 2024 to $58 million, driven by strong sales, strategic pricing, and growth in financial services.
- GB Corp. stock has delivered an 18.16% return in 2025, with the company’s market value rising to nearly $435 million amid renewed investor interest.
The Ghabbour family, one of Egypt’s wealthiest, has seen the value of their controlling stake in GB Corp. approach the $300 million mark, thanks to a recent surge in the Cairo-based automaker’s shares on the Egyptian Exchange (EGX).
The Ghabbour family owns 63.4 percent of GB Corp., or 688.2 million shares. In the past five weeks, the value of this stake has increased by EGP2.31 billion ($45.73 million), bringing its total value to nearly $300 million.
This latest rise follows a previous gain of $21.5 million between Feb. 11 and 25, when the family’s stake grew from EGP10.75 billion ($212.46 million) to EGP11.84 billion ($234 million). The rally reflects growing optimism around GB Corp., as investors look to its future potential.
GB Corp. hits $58 million profit in 2024
Founded in 1985 by the late Egyptian auto magnate Raouf Ghabbour, GB Corp., a Cairo-based automaker, remains a major force in the automotive industry across the Middle East and North Africa. The Ghabbour family continues to play a key role in shaping the company’s direction.
GB Corp. delivered one of its strongest financial performances in 2024, with net profit surging 55 percent to $58 million, driven by robust automotive sales, strategic pricing, and an expanding financial services arm. Revenue nearly doubled to $960 million, fueled by a 120.8 percent jump in passenger car sales and a diversified product mix.
Ghabbour family gains as GB Corp. stock surges
Investor confidence has surged alongside the company’s performance. Over the past five weeks, GB Corp.’s shares have rallied 19.91 percent on the EGX, climbing from EGP16.88 ($0.33) on Feb. 26 to EGP20.24 ($0.40), lifting the company’s market value to nearly $435 million.
The rally has significantly boosted the fortune of the Ghabbour family, the company’s controlling shareholders. The market value of their stake has increased by EGP2.31 billion ($45.73 million) over the same period, rising from EGP11.62 billion ($229.72 million) to EGP13.93 billion ($275.44 million).
Your money and your life
GB Corp.’s stock has been one of the top performers on the EGX in 2025, delivering an 18.16 percent return to shareholders since the start of the year. The automaker has remained resilient amid broader market volatility, with strong financial results driving renewed investor interest.
For investors, a $100,000 stake at the beginning of the year would now be worth $118,160, reflecting a gain of $18,160. The rally underscores confidence in the company’s growth trajectory as it capitalizes on surging automotive demand and strategic expansion.
