The Moroccan group Wafa Assurance has finalized the acquisition of 63.4% of the capital of Delta Insurance, one of the main insurers listed on the Cairo Stock Exchange (EGX), with Egypt Kuwait Holding. The value of the transaction amounts to approximately 67 million dollars, based on a tender offer launched in June 2025 at the price 40 Egyptian pounds per share.

This takeover marks a major step in the Wafa Assurance's internationalization strategy. It will allow the group Moroccan to significantly strengthen its position on the Egyptian market, considered to be one of the most promising on the continent.

With a population of over 120 million people and an insurance penetration rate of less than 1%, Egypt offers a significant development potential, especially in the insurance segments damage and health where Wafa Assurance now intends to set up.

On June 10, 2025, Wafa Assurance had filed with The Egyptian Financial Markets Authority a public offer file acquisition (OPA) for all the shares of Delta Insurance S.A.E. The offer, made mandatory on June 16, 2025, covered at least 51% of capital at a price of 40 pounds per share, valuing the company at around 5 billion Egyptian pounds, or more than 105 million dollars.

It is finally 63.39% of the capital that the Moroccan group has acquired from Egypt Kuwait Holding, for a total amount of approximately 3,169 billion Egyptian pounds, corresponding to nearly 67 million dollars.