The Ghabbour family, one of Egypts wealthiest dynasties, has seen the value of its stake in GB Corp climb back above 350 million. The rebound comes as renewed investor confidence fuels a rally on the Egyptian Exchange EGX, boosting shares of the Cairo-based automotive group.
GB Corp family stake gains 53 million
The family, which controls a 63.4 percent stake in GB Corphas seen the market value of its holdings increase by EGP2.53 billion 53.07 million in the past 30 days. The sharp recovery reflects growing optimism about the companys financial strength and long-term performance.