The Housing and Development Bank ( ar, بنك التعمير والإسكان) 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 years of ...
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.
Because ...
established in
Cairo
Cairo ( ; ar, القاهرة, al-Qāhirah, ) is the Capital city, capital of Egypt and its largest city, home to 10 million people. It is also part of the List of urban agglomerations in Africa, largest urban agglomeration in Africa, List of ...
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 government ...
(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 esta ...
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, 5.03%
Ministry of Awqaf, 8.92% Misr Life Insurance, 8.29% by
Misr Insurance, 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 of ...
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)
See also
*
List of banks in Egypt
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