Cairo - Mubasher: Egypt Kuwait Holding (EKH) has completed the sale of its entire 63.39% stake in Delta Insurance Company to Al Wafa Insurance Company.
The transaction was executed on 30 October 2025 through a mandatory tender offer at a price of EGP 40 per share, according to a bourse filing.
The total sale value stood at EGP 3.16 billion, equivalent to nearly $67 million, generating net profits of about $46 million for Egypt Kuwait Holding on a standalone basis and $3 million on the consolidated financials level.
Meanwhile, the company’s board had approved the stake sale on 22 October 2025.
As of 30 June 2025, the EGX-listed entity recorded 1% year-on-year (YoY) higher consolidated net profits at $101 million, compared with $100 million.
