Basic HTML Version
2012 ANNUAL REPORT
9
fering financing options to all consumer
categories: from major corporations to in-
dividuals to micro enterprises. In addition
to their standalone success, the financing
businesses are important sales drivers for
the Passenger Cars and Motorcylces &
Three-Wheelers lines of business.
You can learn more about the company’s
lines of business beginning on page 18 of
this Annual Report.
GB Auto’s assembly operations include
production of passenger cars and com-
mercial vehicles at three plants in the
Greater Cairo Area as well as facilities in
Suez.
Throughout its more-than 60-year his-
tory, GB Auto has built a strong reputation
for standing behind its customers and is
renowned for providing unmatched after-
sales service in the Egyptian market. GB
Auto’s growing national After-Sales service
network includes 9 passenger car and 7
commercial vehicle outlets, and a planned
expansion will add another branch by the
end of 2013. Together with the Group’s new
vehicles sales, the Company’s service and
parts outlets make GB a fully integrated
automotive player — a “one-stop-shop” that
provides customers with lower ownership
costs and real value.
We recently
announced
our entry to the
promising Algerian
and Libyan markets.
This was done after
long study to ensure
we entered with
the right portfolio
of brands, the
right strategy and
— critically — the
right local
partners.
Tires
•
Distribution of passenger
car, van, truck, construction
equipment and bus tires
•
Brands: Lassa, Yokohama,
Westlake, Grandstone,
Diamond Back, Rotalla,
Triangle
•
Markets: Egypt, Iraq, Libya,
Algeria, Jordan
Financing
Businesses
•
GB Financing Business offer
financing in all segments of the
market in Egypt via its three
subsidiary companies, GB
Lease, Mashroey and Drive
•
GB Lease provides financing
for commercial vehicle and
corporate lease clients
•
Mashroey finances the
purchase of motorcycles, tuk-
tuks and motor tricycles
•
Launched Drive in 2Q12 to
offer consumer financing of
passenger cars and factoring of
auto and non-auto products
•
Market: Egypt
3.5%
of FY12 Group Sales
3.0%
of FY12 Group Sales