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GB Auto and its subsidiaries (S.A.E.)
Notes to the consolidated financial statements For the financial Year ended December 31, 2014
(In the notes all amounts are shown in Thousand Egyptian Pounds unless otherwise stated)
39. Subsidiary companies
The consolidated financial statements for GB Auto “S.A.E.”, include the financial statements of the following subsidiaries:
Percentage of ownership
RGI Investment S.A.E
100%
International Trade Agencies and Marketing Co. (ITAMCO) S.A.E
99.449%
Egyptian Vehicles Manufacturing Co. (Ghabbour Egypt) S.A.E
99.528%
Ghabbour Continental Trading Co. (GCT) –Alex S.A.E.
100%
GB Polo Buses Manufacturing S.A.E.
51%
Almora Recourses Co. S.A.E
100%
Haram Transportation Co. S.A.E.
99%
GB Company for financial lease S.A.E.
100%
Haram for transpiration Tourism S.A.E.
100%
GB Allab Company (Algerian Company)
66.20%
Masters Automotive Company (S.A.E.)
75%
Microfinance consultancy Services “Mashro’ey” (S.A.E.)
80%
Universal Group for Automotive Trading (GK)
50%
GB Logistics (S.A.E.)
99.98%
GB Capital (S.A.E.)
99%
Drive Automotive (S.A.E.)
90%
Drive Finance (S.A.E.)
90%
Ghabbour Al Kalam
68%
GB Global Company
100%
GBR Company
54%
GBR Service Company
48.80%
Egypt Auto Mall Company
99%
GB El Bostan
60%
Egypt Tires Market
90%
Pan African Company
100%
Tires & more Company
100%
Ghabbour for General Trading Company
25%
G.B Tires Company
95%
Gulf Automotive Trading Company
100%
Ghabbour Auto | 2014 ANNUAL REPORT
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