ArabFinance: Ghabbour Auto (GB Auto) will distribute annual cash dividends of EGP 0.250 per share on April 25th, according to the companys statement filed to the Egyptian Exchange.

The company stated the dividend will be disbursed to the shareholders recorded on April 20th.

The companys consolidated net profit reached EGP 916.95 million in 2020.

GB Auto subsidiary will sell part of its stake from the Holland-based company MNT Investment BV at EGP 352.68 million, to certain foreign investment funds.

The Egypt-based automotive company's main activities include trading, distributing, and marketing of all transportation means, including heavy trucks, semi-trucks, passenger cars, buses, agriculture tractors, and pick-ups.

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