Founded by Sadek and Kamal Ghabbour in the 1940s as a family business, GB Corp now operates through two main entities: GB Auto, managing automotive operations in Egypt, Iraq, and Jordan, and GB Capital, which oversees the operations of the group’s non-bank financial service providers. In June 2024, its subsidiary ITAMCO signed an agreement with Helwan Company for Machinery and Equipment (999 military factory) to assemble and manufacture a light vehicle named Qute. In October 2024, GB Capital obtained a promoting and underwriting license to enter the debt capital markets. The company’s assets grew by 71% in 2024 to $1.4 billion.