Egypt's Housing & Development Bank sees over $1mln block trading deal

Reuters Images/Mohamed Abd El Ghany

In the first half of 2022, HD Bank reported higher consolidated net profits by 29.9% annually

Staff Writer, Mubasher

September 4, 2022

PHOTO

Cairo – The Egyptian Exchange (EGX) has announced a block trading deal worth EGP 21.19 million on the shares of the Housing and Development Bank (HD Bank).

The block trading deal was implemented on 495,888 of HD Bank's shares, according to a bourse disclosure on Sunday.

It is worth pointing out that in the first half (H1) of 2022, HD Bank reported higher consolidated net profits by 29.9% annually to EGP 1.30 billion, compared to EGP 1 billion, including minority shareholders’ rights.

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