Four Egyptian banks signed on Thursday the biggest financing deal in the history of the country’s housing sector, worth EGP20bn (USD2.25bn) to support low-income housing scheme. National Bank of Egypt (NBE), Banque Misr, Banque Du Caire, and Housing and Development Bank (HDB) are arranging the loan in favour of the state-run Social Housing Fund. The loan will finance the construction of 500,000 housing units as part of the country's national project to build one million homes for low-income citizens. NBE, Banque Misr, and Banque Du Caire will contribute around EGP6.33bn (USD711.2mn) each to the loan, while HDB's share will amount to EGP1bn (USD112.4 million). The loan will be repaid over four years. (Amwal Al Ghad)   Housing & Dev. Bank: EGP17.02 as of 26 May 2016, Rating: Buy, FV: EGP28.47 per share, MCap: USD242 million, HDBK EY / HDBK.CA