Ghabbour family’s GB Corp stake surges past $300 million

Key Points

• Ghabbour family’s GB Corp. stake tops $300 million as shares rally 8.39% on renewed investor confidence in Egypt’s automotive leader.
• Family’s holdings gain $23.48 million in 24 days, driven by growing market optimism about GB Corp.’s financial performance and future prospects.
• GB Corp. shares soar 30.53% year-to-date, turning a $100,000 January investment into $130,530 amid broader EGX resurgence.

The Ghabbour family, one of Egypt’s richest families, has seen their stake in GB Corp. exceed $300 million, fueled by a recent rally on the Egyptian Exchange (EGX) as investor confidence strengthens.

The family, which holds a 63.4-percent stake—equivalent to 688.2 million shares—has seen the value of their holdings increase by EGP1.19 billion ($23.48 million) in just 24 days. This growth reflects the market’s growing confidence in the company’s financial health and future prospects.

This recent gain follows an earlier rise of $45.73 million between Feb. 26 and Apr. 2, when the value of their stake climbed from EGP11.62 billion ($229.72 million) to EGP13.93 billion ($275.44 million).

Ghabbour family gains as GB shares rise

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 past 24 days, GB Corp.’s shares on the EGX have climbed 8.39 percent, rising from EGP20.63 ($0.407) on Apr. 9 to EGP22.36 ($0.44). This steady rise has lifted the company’s market cap to nearly $479 million, handing a fresh boost to shareholders—especially the Ghabbour family.

Ghabbour family’s stake surpasses $300 million

Thanks to the recent rally, the market value of the Ghabbour family’s 63.4-percent stake has jumped by EGP1.19 billion ($23.48 million), moving from EGP14.2 billion ($279.94 million) to EGP15.39 billion ($303.42 million). This further cements their position as one of the wealthiest investor groups on the EGX.

With their stake in GB Corp. now valued above the $300 million threshold, the Ghabbour family’s recent surge not only highlights their strategic positioning within Egypt’s automotive sector but also reflects the broader resurgence of investor confidence in the Egyptian equities market.

Investor returns surge over 30% year-to-date

GB Corp. hasn’t just been good to the Ghabbours—it’s been a winning bet for many other investors too. So far this year, the company’s stock has delivered a return of 30.53 percent. A $100,000 investment in the company’s shares at the start of 2025 would now be worth about $130,530, an increase of $30,530.