17. Housing & Development Bank (HDB)

Sector: Banking and financial services
Executive Chairman and Managing Director: Hassan Ghanem
Market Value: $309 million
Sales: $402 million
Profits: $88 million
Assets: $3.5 billion

HDB was established in 1979, with a focus on housing and urban development, before transforming into a full-fledged commercial bank with 99 branches and 430 ATMs across Egypt. The bank’s total assets increased by 35.2% to $3.5 billion in 2022, while its net profit hit $88 million in 2022, an increase of 34.4% compared to 2021. The New Urban Communities Authority is the main shareholder in the bank, with a 29.8% stake. As of December 2022, the bank had 10 subsidiaries, including El Tameer for Real Estate Asset Management and Holding Co. For Investment and Development.