GB Auto S.A.E. is a leading player in Egypt’s automotive industry. The company is an assembler and distributor of passenger cars and commercial vehicles and operates Egypt’s biggest network of Service Centres. Currently its flagship asset is its exclusive license from South Korea’s Hyundai Motor Corporation to assemble and distribute Hyundai cars, Egypt’s best selling passenger car which had around 27% of the market in 2007. GB Auto is also a manufacturer of commercial vehicles, namely buses and trucks under exclusive licences from Japanese automakers, Mitsubishi, the Swedish group, Volvo and also Hyundai. Among the group’s other lines of business are: distribution of motorcycles and scoters through an exclusive arrangement with Bajaj of India, distribution of tires through a licence from Lassa of Turkey and the distribution and service of construction equipment through an exclusive license from Volvo as well as handling equipments from German producers, Linde. Annual group turnover in 2007 was LE 4.6 billion returning a net profit LE 0.5 billion. Strong growth in both the top and bottom line is anticipated to continue in the coming years. GB Auto is listed on the Cairo Stock Exchange.
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