Delta Insurance: share capital increase

Delta Insurance shareholders approved, at an Extraordinary General Meeting held on 29 December 2024, a 100 million EGP (2 million USD) increase in the company's share capital, raising it from 400 million EGP (7.8 million USD) to 500 million EGP (9.8 million USD).

The operation will give rise to the issue of 25 million bonus shares with a par value of 4 EGP (0.08 USD) each.

The Egyptian insurer closed the first three quarters of 2024 with a net profit of 514.445 million EGP (10.6 million USD), up 64.3% year-on-year.

For the record, the AXA and Wafa groups are currently in a fierce competition to acquire a majority stake in Delta Insurance.