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Egyptian Kuwaiti Holding obtains approval to acquisition Delta Insurance

Egyptian Kuwaiti Holding obtains approval to acquisition Delta Insurance

ArabFinance: Egyptian Kuwaiti Holding (EKHO) has got the approval for acquisition 99% of Delta Insurance (DEIN) according to article no. 27 of Insurance Supervision and Control act no. 10 of 1981 and its Executive Regulations. 

The company added in a statement sent to Egyptian Stock Exchange (EGX), it has intended to submit purchasing binding offer to Financial Regulatory Authority (FRA), at suggested price per share amounts LE20. 

The company has been obtaining the necessary approvals to submit the binding offer to FRA. It is worth to mention, Egyptian Kuwaiti Holding has owned 32.026% in Delta Insurance's capital. 

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