Ghabbour family’s GB Corp. to launch three new units, seeks shareholder approval

GB Corp., the Egyptian automotive conglomerate controlled by the Ghabbour family, plans to launch three new subsidiaries as it expands beyond vehicle distribution into technology and investment services.

The Cairo-based company said its board approved the move on Feb. 26, 2026, with shareholders scheduled to vote on the proposal during an Extraordinary General Meeting on March 29. The planned units will strengthen GB Corp’s push into digital platforms and financial services, marking a strategic shift for one of Egypt’s most influential automotive groups.

Expanding into technology and investment services
Under the proposal, GB Corp. plans to establish three Egyptian joint-stock companies where it will retain majority ownership. The planned subsidiaries include GB Digital Solutions Technology Co. SAE, in which the group will hold a 99.5% stake, NRG Investment Services Co. SAE, with a 99% stake, and Ghabbour for Trading & Investment Services SAE, also with a 99% ownership interest.

The expansion reflects GB Corp.’s strategy to diversify its operations into high-growth sectors, including digital technology and financial services, while strengthening its core automotive ecosystem.

The new units are expected to support the company’s evolving business model as demand grows for integrated mobility services, digital platforms, and investment capabilities across Egypt’s fast-changing economic landscape.

Ghabbour family strengthens strategic control
Founded in 1985 by the late Raouf Ghabbour, GB Corp. has grown into one of the Middle East and Africa’s leading automotive groups, with operations spanning vehicle assembly, distribution, financing, and after-sales services.

The Ghabbour family currently holds a 62.9% stake in the company, cementing its position as one of the most influential shareholder groups on the Egyptian Exchange.

Over the decades, GB Corp. has built partnerships with several global automotive brands while expanding into adjacent sectors such as consumer finance and mobility solutions.

The proposed subsidiaries signal the group’s next phase of growth as it positions itself at the intersection of automotive, technology, and financial services. If approved by shareholders, the move could deepen GB Corp.’s role in shaping Egypt’s evolving mobility and investment landscape while reinforcing the Ghabbour family’s long-standing influence in the country’s automotive industry.