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Egyptian multimillionaire Ghabbour family’s stake in GB Corp falls by $19.65 million
The Ghabbour family holds a 63.4 percent controlling stake in GB Corp., equivalent to 688.2 million shares.
The Ghabbour family holds a 63.4 percent controlling stake in GB Corp., equivalent to 688.2 million shares.
Despite the recent downturn, the Ghabbour family remains one of the richest investors on the Egyptian stock exchange.
GB Auto is a Cairo-based automaker led by the family of the late Egyptian auto tycoon Raouf Ghabbour.
The Ghabbour family is well-known in the Egyptian business community.
The Ghabbour family’s 62.9-percent stake in GB Auto is worth nearly $125 million.