GB Corp Approves Establishment of Three New Egyptian Subsidiaries to Support Investment Expansion
The board of GB Corp has approved the establishment of three new Egyptian companies as part of its expansion strategy and investment restructuring plans.
In a disclosure to the Egyptian Exchange, the company stated that ownership stakes in the newly established entities will be structured as follows:
GB Credit Guard for Financial Solutions S.A.E. with a 99.5% ownership stake.
RG Investment Services S.A.E. with a 99% ownership stake.
Obour Investment and Commercial Services S.A.E. with a 99% ownership stake.
GB Corp confirmed that the decision remains subject to shareholder approval during the Extraordinary General Assembly meeting scheduled for Sunday, March 29, 2026.
The move aligns with the company’s broader strategy to strengthen its investment activities and expand its portfolio of financial, investment, and commercial services, aiming to diversify revenue streams and maximize shareholder value.
It is worth noting that the consolidated financial statements of GB Corp for 2025 showed a 9.13% decline in net profits, recording EGP 2.78 billion compared to EGP 3.05 billion in 2024.
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