M&A WATCH-

Egypt Kuwait Holding (EKH) will sell its entire 63.4% stake in Delta Ins. in response to Attijariwafa Bank’s ins. arm Wafa Assurance’s mandatory tender offer (MTO) for a majority stake in the company, according to a statement. The buyer and the seller inked an agreement that would see EKH contribute all of its shares in response to the bid, which is still pending regulatory approvals in both Egypt and Morocco.

REFRESHER- The Morocco-based ins. player submitted the MTO to acquire up to 100% of Delta Ins. at EGP 40 per share last week, valuing the transaction at up to EGP 5 bn. The offer requires a minimum acceptance of 51% of shares to go through.

Wafa Assurance is looking to take Delta Ins. private, with plans to delist the company from the EGX following the acquisition and merge its life ins. arm with Delta Life.

REAL ESTATE-

#1- SODIC has started early handovers at its New Zayed development VYE, according to a statement (pdf). Over 1.7k homes are set to be delivered ahead of schedule this year — including 452 fully finished units. The project offers smart infrastructure, bike-friendly streets, co-working spaces, amenities, and walkable neighborhoods. Looking ahead, VYE’s Town Center will open in early 2026 and the Clubhouse in 2027.

#2- Local real estate developer Madar Developments launched its Kinz residential project in New Zayed with EGP 30 bn in investment, according to a statement (pdf) from the company. The 200-feddan development will include 1.5k residential units, with the first phase generating some EGP 6 bn in revenues and set to be delivered within the coming four years.

The details: Located near the Spinx International Airport, the project adopts a low-density plan, with only 12% of the land allocated for buildings. It offers one – to three-bedroom apartments, twin houses, townhouses, and single or multi-story standalone villas.

MANUFACTURING-

Punalufor Plastic and Wood Industries has invested USD 10 mn into the production of wood-plastic composite at its factory in the Suez Canal Economic Zone, general manager and co-founder Zaher Gamal told Enterprise AM on the sidelines of the Big 5 Construct Egypt forum. The company aims to scale up its production capacity to 90 tons per day by adding new product lines and around 20 production lines by the end of 2026, bringing total investments to USD 200 mn amid rising local and regional demand, Gamal told us.

The company is also preparing to expand its Lebanese and Saudi presence, and plans to expand its African footprint further through upcoming trade shows in Nairobi and Tanzania, Gamal added. “We’re targeting exports to make up around 55% of total output, with 45% going to the local market. We’re working to increase that export share further as we grow abroad,” Gamal said.

FINANCE-

Erada Microfinance launched Islamic financial services after receiving its Islamic financing license from the Financial Regulatory Authority, according to a statement(pdf). Erada will provide Islamic financing services through two programs — Murabha and El Wekala.

STARTUP WATCH-

Local VC DisrupTech Ventures has made its first African investment outside of Egypt, with an undisclosed sum being committed in a pre-series A round by Nigerian agri-fintech startup Winich Farms, the fintech- and tech-focused VC said in a statement (pdf).The Lagos-based startup connects over 180k smallholder farmers with buyers such as retailers and processors through its digital platform, bypassing costly intermediaries that erode farmers’ incomes.

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