The Housing and Development Bank () is an

Egyptian ''Egyptian'' describes something of, from, or related to Egypt. Egyptian or Egyptians may refer to: Nations and ethnic groups * Egyptians, a national group in North Africa ** Egyptian culture, a complex and stable culture with thousands of year ...

bank A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...

established in

Cairo Cairo ( ; , ) is the Capital city, capital and largest city of Egypt and the Cairo Governorate, being home to more than 10 million people. It is also part of the List of urban agglomerations in Africa, largest urban agglomeration in Africa, L ...

on June 30, 1979, originally as a

state owned enterprise A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goo ...

(SOE), with a mandate to alleviate housing shortages by narrowing the gap between the low supply and increasing demand. The bank has since been traded on the Egyptian Stock Exchange (EGX) and has the

Reuters Reuters ( ) is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world. The agency ...

code HDBK.CA. The bank is a

joint-stock company A joint-stock company (JSC) is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). Shareho ...

, where at the end of 2021 Egyptian SOEs owned the majority of shares ( 29.81%

New Urban Communities Authority The New Urban Communities Authority () is an Egyptian state owned enterprise (SOE) established in 1979 and affiliated to the Ministry of Housing. It is the exclusive satellite city developer in Egypt, in addition to being Egypt's largest re ...

, 8.92% Misr Life Insurance, 8.29% by

Misr Insurance Misr or MISR may refer to: * Misr, the romanized Arabic name for Egypt * misr, singular of Arabic ''amsar'', which were early Arabic "garrison towns" * Misr (domain name), a top-level Internet domain name * Misr, a variant of the AKM assault rif ...

, 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 Dubai (Help:IPA/English, /duːˈbaɪ/ Help:Pronunciation respelling key, ''doo-BYE''; Modern Standard Arabic, Modern Standard Arabic: ; Emirati Arabic, Emirati Arabic: , Romanization of Arabic, romanized: Help:IPA/English, /diˈbej/) is the Lis ...

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 Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by ...

of £E9.2 billion. Currently, HDB is listed as number 17 in Forbes' Top 50 Listed Companies in Egypt 2023.

Subsidiaries

Source: * 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)

References

{{reflist Egyptian brands 1979 establishments in Egypt Companies listed on the Egyptian Exchange Government-owned banks of Egypt

Subsidiaries

See also

References