Arab Finance: The extraordinary general meeting (EGM) of GB Corp approved an amendment to Article (3) of the company's Articles of Association, removing financial leasing from its stated business activities, according to a bourse statement.

The leading automotive group affirmed that it does not engage in financial leasing and does not hold the license required to carry out the activity.

This amendment is limited solely to eliminating the financial leasing activity from GB Corp's business activities and does not affect the operations of its subsidiaries within the non-banking financial services platform or the group’s structure.

Moreover, the EGX-listed group emphasized that the decision has no impact on GB Lease & Factoring, its subsidiary, which will continue operating normally under its existing licenses.

In 2025, GB Corp logged a 1.6% year-on-year (YoY) decrease in consolidated net profits attributable to the parent company, recording EGP 2.880 billion, compared to EGP 2.928 billion.