Housing and Development Bank
From Wikipedia, the free encyclopedia
 New Borg El Arab city Branch | |
Native name | بنك التعمير والإسكان |
|---|---|
| EGX: HDBK.CA | |
| Industry | Financial services |
| Founded | 1979 |
| Headquarters | Cairo, Egypt |
Number of locations | 100 branches |
Key people | Hassan Ghanem (Chairman and Managing Director) |
| Services | insurance, trade finance, credit cards, financial services, loans, real estate, mortgage |
| Revenue | £E265 million (2016[1]) |
| £E575 million (2015[2]) | |
| Website | hdb-egy |
The Housing and Development Bank (Egyptian Arabic: بنك التعمير والإسكان) is an Egyptian bank. 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.[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]