Businessman Raouf Ghabbour.. The name of the famous businessman topped the search indicators on Google during the past hours, after the news of his death was announced, as a result of his severe suffering with cancer.
Raouf Ghabbour’s death
The businessman, Raouf Ghabbour, Chairman of the Ghabbour Group of Companies, and founder of GB Ghabbour Auto, the local dealers of a number of car brands in the local market, passed away this morning.
Raouf Ghabbour’s illness
Dina Ghabbour, the daughter of a businessman, spoke about her father’s illness last September, when she appeared on the “A Last Word” program with the media, Lamees Al-Hadidi, and said: My father, Fadel, has been for months, and he has pancreatic cancer and has spread throughout his body.
She added: “Last March, we were surprised by the spread of cancer and its spread, and the doctors told us that he had months ahead, and we are only now trying to spend the most beautiful days in these months.”
And she continued, “He never complained, and he never said that he was tired or sick, until the time he received chemotherapy. He never complained, and all the time, he has positive energy until the last simple operation he performed today. He was outside the operating room happy, for he is a very brave man.”
Who is Raouf Ghabbour?
Businessman Raouf Ghabbour started his work from his school with only 15 piasters in the basbousa trade until he reached the establishment of his company GB Auto Ghabbour, whose market value exceeds 4 billion pounds, according to stock prices on the Egyptian Stock Exchange today.
Raouf Ghabbour recounted his journey from the beginning when he was a seven-year-old student, and his capital was 15 piasters, continuing, “I discovered that my capital was not enough for work, so I borrowed another 15 piasters from a maid in our house, and I went to buy sweets and sell them to my fellow students in the early sixties.”
Raouf Ghabbour graduated from Ain Shams College of Medicine in 1976, his personal fortune at the time was half a million pounds, to expand his business after that to reach investments of 30 billion pounds, sitting on the throne of one of the largest car companies operating in the Egyptian market and owner of a large number of brands .
Raouf Ghabbour said that he started working in the business early as a simple employee in the family company, and after the end of university studies and the end of the bread uprising, he set out on his own journey to build his empire in the business world, stressing that the period of ascent for companies was represented in the direction of the stock market, modern management, technology schools and the Ghabbour Foundation.
In 1992, Raouf Ghabbour lost most of his agencies, but after a few months he regained his position again and began to manufacture cars at this stage, and his commercial and agricultural activities expanded, but he was doing everything himself, and he had a group of managers and assistants, but they were all executing his decisions only, which led to The company stumbled and debts to banks rose to billions,” according to Raouf Ghabbour’s account of that stage in his life, saying: “That One Man Show is one of the most important causes of crises and financial problems.”
Raouf Ghabbour continues his story, saying: The most dangerous relations that Saddam’s Iraq experienced, especially with the expansion and diffusion of my investments, and at the same time the economic crises in Egypt and the general stagnation, especially in the year 2000, the conditions were very difficult when it expanded in factories and spent a lot, I wanted to continue working for that I thought about opening new Arab markets.
Raouf Ghabbour
Raouf Ghabbour tells: Saddam Hussein was marrying a second wife at the time. This wife had a son from her first husband, who was about the age of Uday Saddam Hussein. I cooperated with the young man and appointed him responsible for Volvo in Iraq to compete with Uday, the son of Saddam Hussein.
Raouf Ghabbour said that he was getting his money from his projects in Iraq through oil-for-food contracts in the first two years regularly, stressing his love for the Iraqi people, but the oil-for-food program was completely stopped in 2002.
