The Housing and Development Bank ( ar, بنك التعمير والإسكان) is an Egyptian

bank A bank is a financial institution that accepts 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 markets. Becau ...

established in

Cairo Cairo ( ; ar, القاهرة, al-Qāhirah, ) is the capital of Egypt and its largest city, home to 10 million people. It is also part of the largest urban agglomeration in Africa, the Arab world and the Middle East: The Greater Cairo met ...

on June 30, 1979, originally as a

state owned enterprise A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the governmen ...

(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 Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was est ...

code HDBK.CA The bank is a

joint-stock company A joint-stock company 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). Shareholders a ...

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

New Urban Communities Authority The New Urban Communities Authority ( ar, هيئة المجتمعات العمرانية الجديدة) is an Egyptian state owned enterprise (SOE) affiliated to the Ministry of Housing. Its headquarters are in Sheikh Zayed City in Greater Cair ...

, 5.03%

Ministry of Awqaf The Ministry of Awqaf or Ministry of Endowments are departments and governmental bodies present in some Middle Eastern and Northern african counties. These are: * Ministry of Awqaf (Egypt) * Ministry of Endowments (Syria) The Ministry of Endowme ...

, 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 rifl ...

, and 7.41% by the Housing Projects Fund) in addition to significant holdings by

Saudi Arabian Saudis ( ar, سعوديون, Suʿūdiyyūn) are people identified with the country of Saudi Arabia. This connection may be residential, legal, historical or cultural. The Saudis are composed mainly of Arabs and primarily speak a regional dialect ...

businessmen Abdelmoniem al-Rashed and Ali Dayekh through their

Dubai Dubai (, ; ar, دبي, translit=Dubayy, , ) is the most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of Dubai, the most populated of the 7 emirates of the United Arab Emirates.The Government and Politics ...

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.

Subsidiaries

** 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 Banks of Egypt Government-owned companies of Egypt 1979 establishments in Egypt Companies listed on the Egyptian Exchange Government-owned banks

Subsidiaries

See also

References