The investment aims to expand the company's presence in Egypt by assembling a new Hyundai model in the second quarter of next year.
The announcement follows a strong financial performance for
GB Corp. The company's consolidated net profit for the first half of 2025 rose to
1.63 billion Egyptian pounds, up from 1.1 billion pounds in the same period of
2024. Revenues for the period also increased to 35.84 billion pounds, compared
to 19.18 billion pounds a year earlier.
Based on its non-consolidated financial statements, the company's standalone profit was around EGP 83,350 in the first half of this year. This is a significant improvement, as the company did not record any profit during the same period last year.