Ghabbour Family, Among Egypt's Richest, Gains 40 Million On Gb Corp Shares

The Ghabbour family's 63.4 stake in GB Corp. surged in value by EGP2.02 billion 40.65 million over the past 18 days, driven by a 14 rise in the company's share price.

GB Corp. reported a 71 year-on-year revenue increase in Q1 2025, exceeding 330 million. The strong performance reflects its dominance in Egypts premium auto segment.

Year-to-date, GB Corp. shares have returned 39.75, turning a 100,000 investment into nearly 140,000making it one of Egypts best-performing stocks.

The Ghabbour family, one of Egypts wealthiest and most prominent business dynasties, has recorded a significant increase in the market value of their controlling 63.4 percent stake in GB Corp., following a sharp uptick in the companys share price on the Egyptian Exchange EGX .

With a total holding of 688.2 million shares, the familys stake has gained EGP2.02 billion 40.65 million over the past 18 days, reflecting growing investor confidence in the companys outlook. This rebound has not only recovered recent losses but also reversed a 17.24 million decline recorded between May 4 and 25 , when GB Corp. shares came under pressure amid a brief market downturn.

Founded in 1985 by the late Egyptian auto magnate Raouf Ghabbour, GB Corp. has grown into one of the Middle East and North Africas leading automotive companies. The Cairo-based automaker is still largely steered by the Ghabbour family, who remain deeply involved in shaping its future.

In the first quarter of 2025, GB Corp. posted robust top-line growth, with consolidated revenues soaring by 71 percent to over 330 million . The impressive performance highlights the companys strength in Egypts premium auto segment and its resilience amid shifting market conditions.

Over the past 18 days, shares of GB Corp. on the Egyptian Exchange EGX have surged by 14 percent, climbing from EGP 21.00 0.42193 on May 25 to EGP23.94 0.4810. This rally has lifted the companys market capitalization to over 520 million, delivering substantial gains to shareholders.