Ghabbour family, among Egypt’s richest, gains $40 million on GB Corp shares

Key Points

• 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 Egypt’s premium auto segment.
• Year-to-date, GB Corp. shares have returned 39.75%, turning a $100,000 investment into nearly $140,000—making it one of Egypt’s best-performing stocks.

The Ghabbour family, one of Egypt’s 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 company’s share price on the Egyptian Exchange (EGX). 

With a total holding of 688.2 million shares, the family’s stake has gained EGP2.02 billion ($40.65 million) over the past 18 days, reflecting growing investor confidence in the company’s 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. 

GB Corp accelerates with 71% revenue growth in Q1 2025

Founded in 1985 by the late Egyptian auto magnate Raouf Ghabbour, GB Corp. has grown into one of the Middle East and North Africa’s 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 company’s strength in Egypt’s premium auto segment and its resilience amid shifting market conditions.

Ghabbour family’s wealth swells amid GB Corp’s market rebound

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 company’s market capitalization to over $520 million, delivering substantial gains to shareholders. 

As a result of this resurgence, the market value of the Ghabbour family’s controlling 63.4 percent stake has risen by EGP 2.02 billion ($40.65 million), increasing from EGP 14.45 billion ($290.38 million) to EGP 16.48 billion ($331.03 million). This latest gain further solidifies their position as one of the wealthiest and most influential investor groups on the EGX. 

GB Corp delivers strong year-to-date returns

GB Corp. has proven to be a standout performer for investors in 2025. Since the start of the year, the company’s stock has delivered an impressive return of 39.75 percent. A $100,000 investment on Jan. 1 would now be worth $139,750, yielding a profit of $39,750.