Housing and Development Bank

Housing and Development Bank
Native name
بنك التعمير والإسكان
EGX: HDBK.CA
IndustryFinancial services
Founded1979; 45 years ago (1979) in Cairo, Egypt
Number of locations
100 branches
Key people
Hassan Ghanem (Chairman and Managing Director)
Servicesinsurance, trade finance, credit cards, financial services, loans, real estate, mortgage
Revenue£E265 million (2016[1])
£E575 million (2015[2])
Websitehdb-egy.com

The Housing and Development Bank (Arabic: بنك التعمير والإسكان) is an Egyptian bank established in Cairo on June 30, 1979, originally as a state owned enterprise (SOE), with a mandate to alleviate housing shortages by narrowing the gap between the low supply and increasing demand.[3] The bank has since been traded on the Egyptian Stock Exchange (EGX) and has the Reuters code HDBK.CA. The bank is a joint-stock company, where at the end of 2021 Egyptian SOEs owned the majority of shares ( 29.81% New Urban Communities Authority, 8.92% Misr Life Insurance, 8.29% by Misr Insurance, and 7.41% by the Housing Projects Fund, 5.03% Ministry of Awqaf) in addition to significant holdings by Saudi Arabian businessmen Abdelmoniem al-Rashed and Ali Dayekh through their Dubai based companies Rolaco EGB Investment LLC 10.00% and Rimco EGT Investment LLC 9.80% respectively.[4] At the end of 2022 HDBK had a market capitalization of £E9.2 billion.[5] Currently, HDB is listed as number 17 in Forbes' Top 50 Listed Companies in Egypt 2023.[6]

  1. ^ "بنك التعمير والاسكان (HDBK)". Mubasher Info. Retrieved 17 May 2021.
  2. ^ "أرباح "التعمير والإسكان" المُجمعة ترتفع 54% في 2015". Mubasher Info. March 15, 2016. Retrieved 17 May 2021.
  3. ^ "About". Housing and Development Bank. Retrieved 2022-12-21.
  4. ^ "Fact Sheet: Housing & Development Bank". Built Environment Observatory. 2022-09-04. Retrieved 2022-12-21.
  5. ^ "Housing and Development Bank". Mubasher Info. Retrieved 2022-12-21.
  6. ^ Mughal, Waqar. "Egypt's Top 50 Listed Companies 2023". Forbes Lists. Retrieved 2023-06-18.