Cairo - Mubasher: Housing and Development Properties (HDP), a subsidiary of Housing and Development Bank (HD Bank), secured an EGP 1.50 billion financing from MIDBANK.
The real estate unit will utilize the loan to drive expansion plans while accelerating the growth of current and future projects, according to a statement.
Moreover, the facility deal will scale the company’s operations across the Egyptian real estate market, boosting its capabilities to deliver highly integrated communities.
In 2025, the bank’s consolidated net profits after tax surged by 50.30% year-on-year (YoY) to EGP 18.71 billion from EGP 12.45 billion.
HD Bank logged standalone net profits valued at EGP 17.20 billion last year, versus EGP 11.03 billion in 2024.
