Key Factors
- Ghabbour household’s GB Corp. stake tops $300 million as shares rally 8.39% on renewed investor confidence in Egypt’s automotive chief.
- Household’s holdings acquire $23.48 million in 24 days, pushed by rising market optimism about GB Corp.’s monetary efficiency and future prospects.
- GB Corp. shares soar 30.53% year-to-date, turning a $100,000 January funding into $130,530 amid broader EGX resurgence.
The Ghabbour household, considered one of Egypt’s richest households, has seen their stake in GB Corp. exceed $300 million, fueled by a latest rally on the Egyptian Exchange (EGX) as investor confidence strengthens.
The household, which holds a 63.4-percent stake—equal to 688.2 million shares—has seen the worth of their holdings enhance by EGP1.19 billion ($23.48 million) in simply 24 days. This progress displays the market’s rising confidence within the firm’s monetary well being and future prospects.
This latest acquire follows an earlier rise of $45.73 million between Feb. 26 and Apr. 2, when the worth of their stake climbed from EGP11.62 billion ($229.72 million) to EGP13.93 billion ($275.44 million).
Ghabbour household beneficial properties as GB shares rise
Based in 1985 by the late Egyptian auto magnate Raouf Ghabbour, GB Corp. has grown into one of many Center East and North Africa’s main automotive corporations. The Cairo-based automaker remains to be largely steered by the Ghabbour household, who stay deeply concerned in shaping its future.
Prior to now 24 days, GB Corp.’s shares on the EGX have climbed 8.39 %, rising from EGP20.63 ($0.407) on Apr. 9 to EGP22.36 ($0.44). This regular rise has lifted the corporate’s market cap to almost $479 million, handing a recent enhance to shareholders—particularly the Ghabbour household.
Ghabbour household’s stake surpasses $300 million
Due to the latest rally, the market worth of the Ghabbour household’s 63.4-percent stake has jumped by EGP1.19 billion ($23.48 million), transferring from EGP14.2 billion ($279.94 million) to EGP15.39 billion ($303.42 million). This additional cements their place as one of many wealthiest investor teams on the EGX.
With their stake in GB Corp. now valued above the $300 million threshold, the Ghabbour household’s latest surge not solely highlights their strategic positioning inside Egypt’s automotive sector but in addition displays the broader resurgence of investor confidence within the Egyptian equities market.
Investor returns surge over 30% year-to-date
GB Corp. hasn’t simply been good to the Ghabbours—it’s been a profitable guess for a lot of different buyers too. To this point this 12 months, the corporate’s inventory has delivered a return of 30.53 %. A $100,000 funding within the firm’s shares firstly of 2025 would now be value about $130,530, a rise of $30,530.
