HD Bank’s shareholders nod for capital hike via bonus shares

The ordinary as well as extraordinary general meetings of Housing and Development Bank (HD Bank) approved increasing the authorized capital to EGP 30 billion from EGP 10 billion, as per a bourse disclosure.

The lender will also raise its issued and paid-up capital from EGP 5.313 billion to EGP 10.626 billion.

HD Bank will issue 531.3 million in bonus shares, with a nominal value of EGP 10 per share, equivalent to one bonus share for each original share before the increase.

In the first quarter (Q1) of 2026, the lender posted a 13.3% year-on-year jump in consolidated net profit after tax to EGP 5.621 billion, compared to a profit of EGP 4.959 billion.

Moreover, the standalone net profit after tax rose by 7.4% YoY to EGP 5.179 billion in Q1 2026 from EGP 640 million.