Housing and Development Bank

The Housing and Development Bank 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]

Subsidiaries

Source:[5]

• Holding Company for Investment and Development (92.00%)
• Development and Housing Company for Real Estate Investment (60.00%)
• HD Financial Leasing (60.00%)
• Digital Transformation Systems Co (40.00%)
• Hemaya Security and Money Transfer Co (40.00%)
• El Taameer for projects and Environmental Public Services (39.00%)
• El Tameer Company for Financial and Real Estate Marketing (39.00%)
• El Tameer Company for Real Estate Investment and Development (37.00%)
• Hyde Park Properties for Development (36.90%)
• Development and Housing Company for Utilities SAE (35.00%)
• City Edge (33.40%)
• Misr Sinai Tours Co (30.00%)
• Obelisk Portfolio Management and Investment Funds (30.00%)
• Taamir Mortgage Co (24.84%)
• Al Tameer Company for Real Estate Management (15.70%)
• HD Trading Securities (10.80%)
• El Taamir Securitization (NA)

See also

• List of banks in Egypt