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GB Auto, a subsidiary of GB Corp, has confirmed the accuracy of recent reports regarding its preparations to launch iCAR, the Chinese automotive brand owned by Chery Group, in the Egyptian market.

In a disclosure submitted to the Egyptian Exchange, the company stated that all details related to the launch will be announced and relevant authorities will be officially notified in due course, in accordance with applicable regulatory procedures.

GB Auto added that any new developments related to this matter will be disclosed immediately upon completion of the required regulatory steps, in line with transparency and disclosure principles toward investors and the market.

During the period from January through the end of September 2025, GB Corp reported net profits of EGP 2.35 billion, compared to EGP 1.9 billion during the same period in 2024, after accounting for minority interests.

GB Corp, listed on the Egyptian Exchange under the ticker GBCO.CA, is a leading automotive and mobility group in the Middle East. The company operates across six main business segments, including passenger vehicles, two- and three-wheelers, commercial trucks, construction equipment, tires, after-sales services, and international operations.

The group’s activities span vehicle assembly, manufacturing, marketing, financing, and after-sales services, supported by exclusive distribution rights for a wide range of global automotive brands.

On the financial services front, GB Capital serves as the group’s non-banking financial services arm, offering leasing, consumer finance, microfinance, SME financing, buy-now-pay-later solutions, factoring, securitization, mortgage finance, insurance, and digital payment services through its subsidiaries.