Cairo – Mubasher: Ghabbour Auto (GB Auto) announced that its subsidiary GB Capital for Financial Investments assigned Arqaam Capital as the company’s advisor.
Arqaam Capital will study the available strategic options to maximise the return on the company’s investments and contributions to subsidiary companies, especially its investment in GB Lease, according to a bourse disclosure on Tuesday.
These options include the sale of part of GB Capital’s stake in GB Lease.
During 2020, GB Auto logged net profits of EGP 1.11 billion, compared to EGP 223.55 million, including minority shareholders’ rights.
Source: Mubasher
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