11. Housing & Development Bank (HDB)

Sector: Banking and financial services

Executive Chairman and Managing Director: Hassan Ghanem

Market Value: $487 million

Sales: $421 million

Profits: $137 million

Assets: $2.7 billion

HDB was established in 1979 with a focus on housing and urban development before transforming into a full-fledged commercial bank with 100 branches and over 440 ATMs across Egypt as of January 2024. The bank’s net profit grew by 140.6% in 2023 to hit $137 million. As of September 2023, the bank had 14 subsidiaries, including El-Tameer Company for Real Estate Development and Investment, and El-Tameer Company for Financial and Real Estate Investment Banking.

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11. Housing & Development Bank (HDB)