GB Auto Says CEO’s Wife To Sell 10 Mln Shares To Sons

GB Auto (AUTO.CA) announced that Ola Lotfy Zaki Wahba, the wife of the company’s CEO Raouf Ghabbour, plans to sell 10.827.926 shares to her sons the board member Nader Raouf and Kamal Raouf 5.413.963 shares for each.

It is worth noting that GB Auto’s issued capital is valued at EGP 129 million distributed to 129 million securities in which the par value amounts to EGP 1 per share.