Wafa Assurance acquires 63.39% stake in Delta Insurance

Wafa Assurance has acquired the entire 63.39% stake held by Egypt Kuwait Holding Company in Delta Insurance, one of Egypt’s leading publicly listed insurers.

The transaction is valued at 3.169 billion EGP (67 million USD).

In June 2025, the Moroccan group launched a takeover bid to acquire at least 51% of Delta Insurance’s capital at 40 EGP (0.8 USD) per share, valuing the company at 5 billion EGP (105.7 million USD).

The deal was approved by the Financial Regulatory Authority (FRA).

With this acquisition, the Moroccan insurer seeks to strengthen its presence in the Egyptian market, where it already operates through its subsidiary, Wafa Life Insurance Egypt.