Forbes Recognizes Housing & Development Bank as One of Egypt’s Top 50 Publicly Traded Firms for 2025

Forbes Middle East has announced its Top 50 Publicly Listed Companies in Egypt for 2025, recognizing the most prominent players in the country’s economic landscape. Among the top performers is the Housing & Development Bank (HDB), which demonstrated strong financial growth throughout 2024.

According to Forbes, the bank reported:

Market value: $552 million

Sales: $657 million

Net profit: $244 million

Total assets: $3.7 billion (as of year-end 2024)

Founded in 1979, the Housing & Development Bank was initially established to finance housing and urban development projects. Over time, it evolved into a fully-fledged commercial bank. As of March 2025, it operates 98 branches and 465 ATMs across Egypt.

In 2024, HDB recorded a 90% year-on-year increase in net profit, reflecting its robust financial performance. The bank was also part of a $1 billion syndicated loan in November 2024, supporting Egypt’s Social Housing and Mortgage Finance Fund, with a contribution of $40.7 million.

Additionally, the bank joined another banking alliance to provide $89.4 million in funding to the Saudi Egyptian Developers Company, facilitating the development of its major residential and commercial project “Central” in New Cairo, which is valued at $508 million.

The Forbes ranking was based on publicly available financial statements from companies listed on the Egyptian Exchange, using four equally weighted criteria:

Sales

Net profits

Total assets for FY 2024

Market capitalization as of April 25, 2025

Companies without audited financial disclosures by that date were excluded. Currency exchange rates used in the evaluation were based on April 25, 2025. Companies with identical composite scores received the same rank.

The inclusion of Housing & Development Bank in this elite list underscores its strong market position, strategic role in Egypt’s real estate development, and continued profitability.