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GB Auto

GB Auto plans $134m rights issue

GB Auto, Egypt's largest listed automotive assembler and distributor, said it was seeking regulatory approval for a share issue worth E£960 million ($134.23 million) to raise its capital and fund growth. The rights issue

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GB Auto plans $1.5bn spend on two new factories

Egypt's GB Auto aims to invest $1.5 billion to build two new factories, its chief executive said, in a vote of confidence for the country's political stability. Political turmoil has hammered Egypt's economy since an u

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GB Auto plans $1.5bn spend on two new factories

Egypt's GB Auto aims to invest $1.5 billion to build two new factories, its chief executive said, in a vote of confidence for the country's political stability. Political turmoil has hammered Egypt's economy since an u

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GB Auto plans $1.5bn investment in new factories

Egypt's GB Auto aims to invest $1.5 billion to build two new factories, its chief executive said, in a vote of confidence for the country's political stability. Political turmoil has hammered Egypt's economy since an u

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GB Auto posts 5.8pc rise in Q1 net profit

Egyptian auto distributor GB Auto made a 5.8 percent rise in net profit in the first quarter, the firm said in a stock exchange statement on Thursday. Profit rose to 71.5 million Egyptian pounds ($10.17 million) from 67.58 million

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GB Auto boosted by record sales revenues

  Egyptian vehicle assembler and distributor GB Auto said that its first quarter net income surged 160.1 percent, boosted by record sales revenue.   "Our g

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GB Auto Q1 sales hit; sees rebound in H2

GB Auto, Egypt's biggest listed automobile assembler, said on Sunday political turmoil in the country would weigh on its sales in the first half of 2011, but saw a rebound later in the year. Chief executive Raouf Ghabbour said in a stateme

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Egypt's GB Auto sees net profit up 28pc

Egypt's GB Auto said it expected its car sales to bounce back quickly after the political protests, but commercial sales would likely suffer for the rest of 2011. The company, Egypt's biggest listed car assembler, said net profit fell 55.4

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Egypt's GB Auto resumes operations

GB Auto, Egypt's biggest listed vehicle assembler, said on Monday it had resumed operations nationwide for the first time since January 27 after the country was roiled by political protests. It said in a brief statement that none of it

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Egypt's GB Auto eyes Tata partnership

GB Auto, Egypt's biggest listed automobile assembler, said it was negotiating with India's Tata Motors to sell its vehicles in the Arab world's most populous market. Egyptian automakers, most of which assemble foreign brands us

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