GB Corp News - Mubasher Info
KSA
Mubasher TV
 Contact Us Advertising   العربية
KSA
TDWL Closed
19 May 05:49 AM

GB Corp (GBCO)

Last update: 18 May 01:29 PM market time.
26.30
-1.00
-3.64%
Open 27.50
Previous Close 27.50
High 27.79
Low 25.80
Stock Statistics
Volume 6,870,138
Turnover 182,427,040.00
All data are 15 minutes late during market session

News

GB Auto will sell Chery Arrizo 5 cars to Careem drivers
5 September 2019 05:34 PM GB Auto signs deal with Careem to boost sales
Cairo – Mubasher: Ghabbour Auto (GB Auto) signed an agreement to sell cars to drivers of the ride-hailing app Careem, the company’s associate vice president for investor relations, Andre Valavanis, said.   GB Auto will sell Chery Arrizo 5 cars to …
Companies Investments
The new JV’s paid capital is planned to be EGP 150 million
3 September 2019 02:40 PM EFG Hermes, Talaat Moustafa, GB Capital to launch mortgage JV in October
By: Islam Fadl Cairo – Mubasher: A new mortgage finance joint venture (JV) will be launched in October, CEO of EFG Finance Holding, the non-banking financial arm of EFG Hermes, Walid Hassouna, said.   Currently, the company’s board of directors …
Real estate
Such transaction will have no impact on GB Auto’s consolidated financial results
3 September 2019 00:20 PM GB Auto’s shareholders approve merger with RGI
Cairo – Mubasher: Ghabbour Auto (GB Auto) announced that its shareholders have approved a restructuring that will strengthen the position of its unit GB Capital to pursue potential strategic opportunities during an extraordinary general meeting …
Corporate Actions
The EGX
24 August 2019 08:30 PM Interest rate cut to boost 8 stocks on EGX
Cairo – Mubasher: The Central Bank of Egypt’s (CBE) decision to cut interest rates is expected to have a positive impact on the liquidity of the Egyptian Exchange (EGX), according to a report released by Beltone Research on Saturday. The cut of …
Trading Activities
Sales rose to EGP 11.5 million
7 August 2019 01:28 PM GB Auto’s profit falls 56% in H1
Cairo – Mubasher: Ghabbour Auto (GB Auto) reported a 56% year-on-year profit drop during the first half of 2019. Net profits plunged to EGP 113.48 million in the six-month period ended 30 June, compared to EGP 255.6 million in the year-ago period, …
Financial Results
GB Auto’s stock will be listed in the EGX70 index
31 July 2019 03:22 PM Global Telecom, GB Auto among companies delisting from EGX 30
Cairo – Mubasher: The Egyptian Exchange (EGX) decided to delist six stocks from the benchmark EGX30 index, including Global Telecom Holding (GTH) and Ghabbour Auto (GB Auto), as part of the EGX’s semi-annual review of the market indices. As a …
Management Decisions
CIB and AAIB were joint lead managers and joint bookrunners
13 June 2019 11:30 AM GB Auto unit issues EGP 767m securitisation bonds
Cairo – Mubasher: Ghabbour Auto (GB Auto) announced that its subsidiary GB Leasing has issued its second securitisation bonds valued at EGP 767 million. Egypt's largest car assembler and distributor will use proceeds from the transaction to slash …
Companies Investments
GB Auto has achieved a growth of 23.48% in Q1 sales
13 May 2019 00:47 PM GB Auto records EGP 66m profit in Q1
Cairo – Mubasher: The consolidated income statements of Ghabbour Auto (GB Auto) showed a growth of 6.62% in profits during the first quarter of 2019 compared to the corresponding period last year. Net profits during Q1-19 grew to EGP 66.19 million …
Financial Results
Profits from main operations were negatively affected by losses of the automotive market
3 March 2019 06:07 PM Beltone sets GB Auto fair value at EGP 6.70/shr
Cairo – Mubasher: Beltone Research set its fair value estimate for Ghabbour Auto (GB Auto) at EGP 6.70 per share, compared to a market price of EGP 5.19, with a “buy” recommendation. GB Auto's profits from main operations were negatively affected …
Stock Evaluations
The Cairo-based car assembler and distributor’s profit amounted to EGP 636.73 million ($36.35 million) last year
28 February 2019 10:59 AM GB Auto turns profitable in 2018 on higher sales
Cairo – Mubasher: Ghabbour Auto (GB Auto) on Thursday announced it turned a profit during the full-year 2018 on the back of growing sales. The Cairo-based car assembler and distributor’s profit amounted to EGP 636.73 million ($36.35 million) last …
Financial Results
3 December 2018 02:59 PM GB Auto to raise prices of imported cars
Cairo – Mubasher: Ghabbour Auto on Monday revealed it has completed studying the recent hike in the customs dollar exchange rate
Global Economy
Net loss amounted to EGP 515.28 million in the nine-month period ended September
12 November 2018 02:07 PM GB Auto turns profitable in 9M
Cairo – Mubasher: Ghabbour Auto (GB Auto) on Monday announced it has turned profitable during the first nine months of 2018, as compared with the same period last year. Net profit amounted to EGP 515.28 million in the nine-month period ended …
Financial Results
Most of the production will be earmarked for export
9 September 2018 01:17 PM GB Auto to build motorcycle, auto rickshaw factory in 2019
Cairo – Mubasher: Ghabbour Auto (GB Auto) is looking to build a new factory for manufacturing motorcycles and the tuk-tuk or "auto rickshaw" in Ain Sokhna next year. The new factory is set to commence production in 2020, the company’s chairman and …
Companies Investments
The bond issuance process will be executed over three tranches
8 July 2018 01:53 PM GB Auto unit issues EGP355m securitisation bonds
Cairo – Mubasher: Ghabbour Auto (GB Auto) on Sunday announced that its subsidiary GB Leasing has issued its first securitisation bonds of EGP 355 million. Egypt's largest car assembler and distributor will use the bond proceeds to cut its debt and …
Bonds
Ghabbour has not revealed any further details regarding the value or size of the stake
20 May 2018 00:24 PM GB Auto to float GB Capital on EGX in 2020
Cairo – Mubasher: Ghabbour Auto (GB Auto) plans to offer a stake in its unit, GB Capital, on the Egyptian Exchange (EGX) by 2020. The financial investment firm is currently conducting the required legal procedures for the initial public offering, …
Initial Public Offerings
The offer will be submitted to the EGM again for final approval
15 May 2018 01:33 PM GB Auto EGM nods to merger with R.G Investments
Cairo – Mubasher: The extraordinary general meeting (EGM) of Ghabbour Auto (GB Auto) has approved the merger with R.G Investments at book value, except for the 1%, or 7.3 million shares, abstained from voting. The capital will be calculated based …
Mergers and Acquisitions
The target price of the stock may rise to EGP 7.93 per share
14 May 2018 09:49 AM Pharos Research upgrades FV for GB Auto to EGP6.8/shr
Cairo – Mubasher: Pharos Research has raised their target fair value (FV) for Ghabbour Auto’s (GB Auto) stock to EGP 6.8 per share, with an ‘Overweight’ recommendation. The target price of the stock may rise to EGP 7.93 per share if the government …
Stock Evaluations
The remaining proceeds amount to around EGP 857.64m out of total EGP 958.67m
17 April 2018 09:59 AM GB Auto uses EGP 101m of capital hike proceeds
Cairo – Mubasher: Ghabbour Auto (GB Auto) announced it has used EGP 101 million of the capital increase proceeds at the end of December 2017 to settle technical and advisory fees and buy some equipment. The remaining proceeds amount to around EGP …
Corporate Actions
Sales increased to EGP 17.6 billion in 2017
5 March 2018 00:13 PM GB Auto losses fall 27% in 2017
Cairo – Mubasher: Ghabbour Auto (GB Auto) on Monday posted a 27% year-on-year drop in consolidated losses for 2017. Net loss stood at EGP 723.6 million last year, versus losses of EGP 989.8 million a year earlier, the company added in a filing to …
Financial Results
Saudi Olayan Investment bought 1.189 million shares
8 January 2018 07:12 PM Saudi Olayan raises stake in Egypt’s GB Auto to 5.05%
Cairo – Mubasher: Saudi Olayan Investment increased its stake in Ghabbour Auto (GB Auto) to 5.05% from 4.94%, EFG Hermes announced on Monday. Hermes added that Olayan purchased 1.189 million shares at an average price of EGP 4.454 per share, …
Companies Investments
Pharos upgrades GB Auto FV at EGP 4.66/shr
3 January 2018 11:53 AM Pharos upgrades GB Auto FV at EGP 4.66/shr
Cairo – Mubasher: Pharos Research has raised their target fair value (FV) for Ghabbour Auto (GB Auto) by 19% to EGP 4.66 per share, downgrading recommendation to Equalweight, according to a recent report. The research firm updated its discounted …
Stock Evaluations
GB auto is currently moving towards EGP 4 and EGP 4.2 after surpassing EGP 3.5
27 November 2017 01:21 PM GB Auto hits all-time high in 28M
By: Heba El-Kordy Cairo – Mubasher: Ghabbour Auto’s stock rose to its highest level in 28 months since 7 July 2015 during Monday’s trading session. By 11:21 am Cairo time, the stock levelled up 9.8% to EGP 3.92. The stock was targeting the levels …
Trading Activities
MubasherTrade sets 2 scenarios for EGX30 composition
21 November 2017 04:07 PM MubasherTrade sets 2 scenarios for EGX30 composition
Cairo – Mubasher: MubasherTrade Research has put two scenarios for the Egyptian Exchange’s (EGX) main index EGX30 composition after acquiring Global Telecom. The Financial Regulatory Authority (FRA) had previously said that a mandatory tender …
Stock Evaluations
The deal involved 276.68 million of GB Auto’s shares
14 November 2017 11:51 AM GB Auto sees EGP 899m deal on EGX Tuesday
Cairo – Mubasher: A transaction of EGP 899.2 million was carried out on GB Auto’s stocks on Tuesday, the Egyptian Exchange (EGX) said. The deal involved 276.68 million of GB Auto’s shares. The transaction was carried out through block trading, …
Trading Activities
GB Auto's financing costs rose to EGP 343.08 million in Q3-17
7 November 2017 01:12 PM GB Auto incurs losses on higher costs in Q3
Cairo – Mubasher: GB Auto on Tuesday said it turned to losses in the third quarter of 2017 on the back of higher financing costs and sales expenses. The automotive company logged EGP 141.1 million in losses in the three-month period ended 30 …
Financial Results