Egypt: GB Auto sees $10.61mln block trading deal

The transaction was executed on 47.76mln of the company's shares, according to a stock exchange statement

Staff Writer, Mubasher

November 7, 2022

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Cairo – The Egyptian Exchange (EGX) announced a block trading deal worth EGP 201.57 million on the shares of Ghabbour Auto (GB Auto).

The transaction was executed on 47.76 million of the company's shares, according to a stock exchange statement on Monday.

During the first six months (6M) of 2022, GB Auto achieved a net profit of EGP 1.09 billion, a year-on-year (YoY) jump of 34.80% when compared to EGP 811.6 million, including minority shareholders’ rights.

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