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MNHD earnings surge in 2022 on record sales, GB Auto net income up on MNT stake sale
Record sales for MNHD in 2022:Madinet Nasr Housing and Development’s (MNHD) net income more than doubled in 2022 on the…
Goodbye GB Auto Group, hello GB Corp
AUTOMOTIVE- GB Auto is now GB Corp: GB Auto Group has rebranded itself as GB Corp, the company said in…
GB Capital sells a 45% stake in GB Lease to Chimera Investments
It’s official: Chimera to acquire 45% of GB Lease: GB Capital has finalized an agreement to indirectly sell 45% of…
Local BMW assembly is back, courtesy of Global Auto Group
AUTOMOTIVE- BMWs are now being assembled in Egypt for the first time in almost five years: Global Auto Group —…
GB Lease issues EGP 1.7 bn in securitized bonds
GB Auto subsidiary GB Lease has closed an EGP 1.7 bn securitized bond issuance, according to a joint statement (pdf)…
GB Auto agrees to sell 45% of its leasing business to Chimera Investments
GB Auto approves GB Lease stake sale: GB Auto’s board has approved plans to sell a 45% stake in GB…
Abu Dhabi’s Chimera Investments to acquire 45% of GB Lease
Chimera to acquire 45% of GB Lease: GB Capital has agreed to sell a 45% stake in GB Lease to…
Chimera completes acquisition of MNT stake from GB Auto
CONSTRUCTION- Egypt-based Engineering Consultants Group (ECG) was awarded a contract to design a multi-purpose hall for Saudi mega city Neom,…
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