Death of Egyptian motoring magnate “Raouf Ghabbour”

Egyptian motoring magnate Raouf Kamal Ghabbour, chairman of the GB Auto Group board of directors, has died at the age of 69.

GB Auto announced in a statement to the Egyptian Stock Exchange today, Wednesday, the news of the death of “Raouf Ghabbour” this afternoon, November 9, adding that the current board of directors will conduct the business of the company through Nader Ghabbour, the managing director, until the choice of a president.

Raouf Ghabbour, born in 1953 in Cairo, is a graduate of Ain Shams College of Medicines.

In 1985, Ghabbour began founding the Ghabbour Group of Companies, in which he held the position of Chairman and Chief Executive Officer.

Raouf Ghabbour began his career working with his family business specializing in the spare parts trade for autoand occupied a prominent position in the tire industry within the company, and quickly rose to prominence in the market, garnering the appreciation and praise of the region’s major automotive players.

Ghabbour has worked on developing successful projects in the region by winning distribution contracts in exclusive of brands to international companies.In recent years he has managed to develop and grow the business of GB Auto to become the leading automobile assembly and distribution company in Middle East and North Africa.

According to her memoirs, she worked in the trade when she was seven, and she was in the “basbousa” trade, and her expenses at the time amounted to 15 piastres a week, plus loan interest.

According to the memoirs, he also worked in the appliance business during his childhood, and he also worked in the currency trade during his high school and college years, and his profit was estimated. in about £ 30,000 a month to own a fortune from graduation in 1976 that exceeded half a million pounds.

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