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]