Egypt - The Egyptian Exchange's (EGX) concerned committee listed 25.3 million shares of Housing and Development Bank (HD Bank) (HDBK) at a par value of EGP 10 per each, according to a June 16th disclosure.

The bank will increase the capital by EGP 253 million to EGP 1.518 billion by distributing 0.2 free shares for every one held.

On June 17th, the listed shares of HD Bank will be 151.800 million shares

HD Bank’s net profit recorded EGP 651 million in Q1 2021, compared to EGP 604.5 million in Q1 2020.

The Egypt-based commercial and investment bank principally operates in the housing and development sector. HD Bank also contributes to alleviating the housing problem through the establishment of an integrated group of housing projects across Egypt.

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