Egypt: Wafa Assurance Completes Acquisition of Delta Insurance in Egypt

Morocco’s listed insurer Wafa Assurance (BVC: WAA), a subsidiary of Attijariwafa Bank (BVC: ATW), has finalised the purchase of a 63.4 percent stake in Egypt’s listed insurer Delta Insurance (EGX: DEIN) from Egypt Kuwait Holding (EKH). The deal is valued at about $67 million, following a mandatory tender offer at EGP 40 per share launched in June 2025.

Upon closing, Wafa Assurance plans to delist Delta Insurance from the Cairo Stock Exchange and merge Delta’s life-insurance arm into its existing…