The Housing and Development Bank (Arabic: بنك التعمير والإسكان) is an Egyptian bank established 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]
 New Borg El Arab city Branch | |
Native name | بنك التعمير والإسكان |
|---|---|
| EGX: HDBK.CA | |
| Industry | Financial services |
| Founded | 1979 in 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 |
Subsidiaries
editSource:[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
editReferences
edit- ^ "بنك التعمير والاسكان (HDBK)". Mubasher Info. Retrieved 17 May 2021.
- ^ "أرباح "التعمير والإسكان" المُجمعة ترتفع 54% في 2015". Mubasher Info. March 15, 2016. Retrieved 17 May 2021.
- ^ "About". Housing and Development Bank. Retrieved 2022-12-21.
- ^ "Fact Sheet: Housing & Development Bank". Built Environment Observatory. 2022-09-04. Retrieved 2022-12-21.
- ^ a b "Housing and Development Bank". Mubasher Info. Retrieved 2022-12-21.
- ^ Mughal, Waqar. "Egypt's Top 50 Listed Companies 2023". Forbes Lists. Retrieved 2023-06-18.