Egyptian Kuwaiti Holding (EKH) has decided to sell the entire 63.39% stake in Delta Insurance Company.

Wafa Insurance Company, a 63.39%-owned subsidiary of Egypt Kuwait Holding Company (EKH), submitted a mandatory tender offer (MTO) to fully acquire Delta Insurance Company, with a minimum execution of 51% of the shares.

Delta Insurance’s ordinary general meeting (OGM) approved the payment of cash dividends worth EGP 200 million or EGP 2 per share for 2024.

Delta Insurance reported 63.32% year-on-year (YoY) higher consolidated net profits after tax and non-controlling interest at EGP 526.105 million in the first half (H1) of fiscal year (FY) 2024/25

Delta Insurance’s (DEIN) extraordinary general meeting (EGM) approved raising its issued capital by EGP 100 million

Egyptian Kuwaiti Holding (EKH) has received two offers to fully acquire its 63.39%-owned Delta Insurance (DEIN).

Delta Insurance (DEIN) reported a 64.3% year-on-year (YoY) increase in consolidated net profits after tax and non- controlling interest for the first nine months of the fiscal year (FY) 2023/2024.

Delta Insurance (DEIN) reported a 38.35% year-on-year (YoY) increase in consolidated net profit after minority interest for the first half (H1) of the fiscal year (FY) 2023/2024, according to the company’s financial statement filed to the Egyptian Exchange (EGX) on February 11th.

Delta Insurance’s (DEIN) extraordinary general meeting (EGM) has approved raising the company’s issued and paid-up capital via bonus shares issuance.

Delta Insurance (DEIN) posted a 30.9% year-on-year (YoY) increase in consolidated net profits after tax and non-controlling interest during the first quarter of fiscal year (FY) 2023/2024.

Delta Insurance (DEIN) has approved disbursing 0.143-for-1 bonus shares to shareholders as of August 9th.

The company offers its services through two main segments: Corporate Solution Plans, Individual Protection Plans, and Aman El Safar Plan.

At the level of the standalone financial statement, the company registered a standalone net profit after tax of EGP 90.495 million in the July-December period of last year, up from EGP 85.512 million.