Foreign Investment Funds signed an agreement to acquire 57.26% stake of MNT Investments B.V. from GB Auto (S.A.E.) (CASE:AUTO) for approximately EGP 353 million on April 11, 2021. During 2020, GB Auto logged net profits of EGP 1.11 billion, compared to EGP 223.55 million, including minority shareholders' rights. The deal is subject to completed once all parties fulfil their legal obligations.

Foreign Investment Funds signed an agreement to acquire 57.26% stake of MNT Investments B.V. from GB Auto (S.A.E.) (CASE:AUTO) on December 31, 2022.