Top 50 Listed Companies
In Egypt 2022

17. GB Auto Group

Sector: Automotive

Founder and Chairman: Raouf Ghabbour

Market value: $228 million

Sales: $1.7 billion

Profits: $99 million

Assets: $1.7 billion

GB Auto Group provides its services through two main entities: GB Ghabbour Auto and GB Capital. Its five subsidiaries are GB lease, Drive, Mashroey, Haram Tourism Transport, and Tasaheel. The group has direct sales in Egypt and Iraq, while RG Investments Sarl is the major shareholder with a 58.5% stake. In 2019, GB Capital, the Talaat Moustafa Group, and EFG Hermes launched a joint mortgage finance company to offer long-term mortgages for new move-in homes. The group’s net profits increased 65.5% in 2021 to reach $99 million, compared to $60 million in 2020.