Drive is Ghabbour Auto’s newest company: A consumer finance venture that began operations in late June 2012. Drive is a natural progression of Ghabbour Auto’s strategy to diversify the revenue base into higher-margin segments, and builds on — as well as further complements — the success of both GB Lease and Mashroey.
Drive will initially focus on serving Ghabbour Auto’s passenger car sales outlets. This will be followed by an expansion to the firm’s independent dealer network, as well as extending credit to finance retail client purchases of brands that are not distributed by Ghabbour Auto — if consumer demand proves sufficient. Its business scope also includes supporting retail credit sales of Ghabbour Auto’s commercial vehicles.
The company is expected to be a significant sales driver for Ghabbour Auto’s Passenger Cars line of business.
Drive is 90% owned by Ghabbour Auto and 10% owned by Cairo-based Blue Bay Management. Blue Bay is a specialized management company formed by an experienced team of bank industry and finance veterans offering complete management solutions to shareholders, with a key focus on start-ups.
For additional information, please visit www.drive-finance.com