Arab Finance: GB Capital Financial Investments, the financial arm of GB Corporation, has obtained a license to promote and underwrite securities offerings, marking an important step in its expansion plans, said the statement sent on October 14.
Although GB Capital will not become an investment bank, this license will allow the company to provide new services in addition to existing activities, such as risk capital and establishing companies that issue securities or to increase their capital.
“GB Capital” includes under its umbrella nine specialized companies, including: “GB Leasing and Factoring,” “Drive Finance and Non-Banking Financial Services,” “GB Auto Rental,” “Capital Securitization,” and “Credit.” To finance small and medium enterprises, and GB Capital for Securitization.
It also has shares in companies such as “Bedaya Real Estate Finance”, “MNT Halan”, and “KAF Life Insurance”.
In this context, Tamer Al-Omari, CEO and member of the Board of Directors of GB Capital, said: “Obtaining the license to promote and cover subscriptions in securities represents an essential step towards expanding our activities. Our goal is to lead innovation in the market and provide advanced financial solutions that meet the growing needs of our clients.” “
This step reflects GB Capital's strategy to expand the scope of its services and enhance its presence in the Egyptian financial market, as it seeks to provide integrated investment services that meet the needs of institutions and companies alike.
The company also contributes to driving economic growth by providing innovative financing solutions that support small and medium enterprises and enhance financial inclusion, in line with Egypt’s Vision 2030.
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