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4 • 2017 ANNUAL REPORT
2017 ANNUAL REPORT • 5
GB Auto operates under two distinct business lines: GB
Auto and Auto Related which operates the core auto-
motive business, and GB Capital, which oversees the
operations of the group’s five non-bank financial ser-
vice providers. The distinction, which came into effect
in 2017, presents a clear and accurate picture of each
business, its operations, and value for stakeholders.
GB Auto (Auto & Auto Related)
With a history of over six decades in the industry, GB
Auto has built a solid reputation for its automotive ser-
vice offerings. It is renowned for providing unmatched
after-sales services in Egypt along with positioning its
passenger cars as some of the best value formoney on the
Egyptianmarket andmaking a name for itself as a front-
runner in the distribution of two- and three-wheelers.
Operating six lines of business across four major mar-
kets in the Middle East and North Africa, GB Auto is a
leading regional automotive player with a strong oper-
ational footprint in key markets and sectors with plans
to expand into new, lucrative markets. The company
is focused on automotive assembly, manufacturing,
sales and distribution, and after-sales services, which
includes vehicle servicing and related products.
GB Auto’s portfolio of partners currently includes
the leading global brands of Hyundai, Mazda, Geely,
Chery, Karry, Bajaj, Marcopolo, Iveco, Volvo, Sino
Truck Fuso, Mitsubishi, SDLG, YTO, Gazpromneft,
Lassa, Yokohama, Westlake, Triangle, Diamond-
back, Avon, Double Coin, Grandstone, Jumbo, and
Monroe.
GB Auto’s assembly operations include passenger
cars, commercial vehicles, and motorcycles and three-
wheelers. The company also designs and manufactures
complete buses, semi-trailers and superstructures
— with the exception of chassis — at three plants in
theGreaterCairoAreaand facilities intheSuezCanalArea.
GB Auto’s growing regional after-sales service net-
work includes passenger car centers with a total num-
ber of 545 work bays in Egypt for both body and me-
chanical work. It also included six commercial vehicle
outlets in Egypt and 15 in Iraq. With new vehicle sales,
the company’s service and parts outlets make GB
Auto a fully integrated, “one-stop-shop” automotive
provider that delivers on promises of lower ownership
costs and real value to customers.
GB Capital
GB Capital oversees the operations of the group’s
f ive non-bank f inancial service providers: GB Lease,
which offers f inancial leasing services to a wide range
of companies; Mashroey, which offers asset-based
lending to microf inance eligible clients; Drive, which
offers factoring services to retail and corporates;
Haram Limousine, which offers car rental services on
a quasi-operational lease basis to companies in the
market; and Tasaheel which, offers direct microf i-
nance lending services to micro-entrepreneurs.
GB Capital ’s strategy is to benchmark its operations
against the best in the f ield, building on strict and
robust credit, risk classif ication and provisioning
policies specif ically developed for each industry.
The companies’ credit approval and disbursement
mechanisms comply with best practices of f inancial
institutions in the country. Asset quality and collec-
tions – the backbone for the success of any f inancial
institution – are closely monitored, well-maintained
and controlled within the group.
GB Auto
at a Glance
GB Auto at a Glance
A leader in both the automotive industry
and financial services high-margin business,
emphasizing export growth.