Ghabbour Auto (GB Auto) announced that its wholly-owned subsidiary Drive Finance has received final approval from the Egyptian Financial Regulatory Authority (FRA) to provide consumer financing services, along with auto loans.
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The addition will help widen GB Auto’s exposure to several market segments and complement its non-banking financial services, which include leasing, factoring, micro-finance, mortgage finance, securitisation, fleet leasing, life insurance, and e-payments, the company said in a bourse disclosure on Sunday.
