GB Auto Denies Reports of EGP 11 Billion Syndicated Loan Talks
GB Auto, a subsidiary of GB Corp, confirmed that it has not entered into any agreements or negotiations related to obtaining a syndicated loan worth EGP 11 billion.
In an official disclosure to the Egyptian Exchange (EGX), the company urged all media outlets to refer directly to GB Corp to verify the accuracy of any information prior to publication or circulation.
The company reaffirmed its commitment to full and timely disclosure, stressing that any finalized agreements concerning its subsidiaries would be announced immediately in accordance with disclosure regulations.
It is worth noting that GB Corp recorded net profits of EGP 2.35 billion during the first nine months of 2025, compared with EGP 1.9 billion during the same period in 2024, after accounting for minority interests.