Housing and Development Bank

Housing and Development Bank
Native name
بنك التعمير والإسكان
TypePublic bank
EGX: HDBK.CA
ISINEGS65041C013
IndustryFinancial services
Founded1979; 47 years ago (1979)
HeadquartersGiza, Egypt
Number of locations
100 (2025)
Key peopleHassan Ghanem
(Chairman and CEO)
RevenueUSD 392 millions (2025)
Total assetsUSD 5,1 billions (2025)
Websitehdb-egy.com

The Housing and Development Bank (Egyptian Arabic: بنك التعمير والإسكان) is a major Egyptian bank. The bank has since been traded on the Egyptian Exchange (EGX) and has the Reuters code HDBK.CA.

History

Founded 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. in 1983, the bank was listed on the Egyptian Exchange

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.

At the end of 2022 HDBK had a market capitalization of £E9.2 billion. Currently, HDB is listed as number 17 in Forbes' Top 50 Listed Companies in Egypt 2023.

In May 2023, the sale of 7.8% of the bank through the Egyptian exchange was announced.

Subsidiaries

Source:

See also

References

  1. ↑ "HDB renews Hassan Ghanem's mandate as CEO for 2026-2029". Daily News Egypt. 2026-03-24.
  2. 1 2 "Housing & Development Bank (HDB) - Egypt's 50 Most Valuable Companies 2026 - Forbes Lists". Forbes.
  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. 1 2 "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.
  7. ↑ "Egyptian exchange announces sale of 7.8% of Housing and Development Bank". Ahram Online.