Ghabbour Auto said, GB Lease 100%- owned subsidiary, has conducted around 40 finance lease agreements worth EGP367.9 million through the fourth quarter of 2014.

A bourse filing noted that the company has increased its market share to reach 17.7% in 2014 at total value worth EGP1.061 billion.

Ghabbour Auto established GB Lease in late 2008, initially to provide finance for commercial vehicle and corporate fleet clients, capitalizing on its parent’s competitive edge in the automotive sector and the fact that almost one-third of the leasing market in Egypt caters to the automotive sector.