{"id":634088,"date":"2018-01-04T04:05:14","date_gmt":"2018-01-04T04:05:14","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/04\/ekh-submits-delta-insurance-mto-for-approval\/"},"modified":"2018-01-04T04:05:14","modified_gmt":"2018-01-04T04:05:14","slug":"ekh-submits-delta-insurance-mto-for-approval","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/04\/ekh-submits-delta-insurance-mto-for-approval\/","title":{"rendered":"EKH submits Delta Insurance MTO for approval"},"content":{"rendered":"

<\/a> M&A WATCH- Egypt Kuwait Holding (EKH) has placed a mandatory tender offer for 66.97% of <\/strong>Delta Insurance\u2019s shares at EGP 20 per share, the Financial Regulatory Authority told the EGX<\/a>. The Authority says it is currently assessing the offer. EKH had announced<\/a> it received approvals to increase its stake in Delta Insurance to 99%. Zaki Hashem & Partners<\/strong> is legal counsel on the transaction, EKH\u2019s head of IR Haitham Abdel Moneim tells Al Mal<\/a>. He added that the transaction is set to cost EKH around EGP 300 mn and will be financed internally from capital gains made from its divestment from Egypt Hydrocarbons. Pharos Holding told us they are the buy-side broker on the transaction.<\/p>\n","protected":false},"excerpt":{"rendered":"

M&A WATCH- Egypt Kuwait Holding (EKH) has placed a mandatory tender offer for 66.97% of Delta Insurance\u2019s shares at EGP 20 per share, the Financial Regulatory Authority told the EGX. The Authority says it is currently assessing the offer. EKH had announced it received approvals to increase its stake in Delta Insurance to 99%. Zaki […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-634088","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"cdcc9ea3-e9e1-4272-8748-7a6831463a3e","order":"0","is_powered_by":true,"section_story_id":"355f3732-e395-419c-937a-12fa0418cc60","story_type":"1","photo_url":"","photo_position":"above","related_issue":[634080],"teaser":"","voice_url":""},"yoast_head":"\nEKH submits Delta Insurance MTO for approval - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/04\/ekh-submits-delta-insurance-mto-for-approval\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EKH submits Delta Insurance MTO for approval\" \/>\n<meta property=\"og:description\" content=\"M&A WATCH- Egypt Kuwait Holding (EKH) has placed a mandatory tender offer for 66.97% of Delta Insurance\u2019s shares at EGP 20 per share, the Financial Regulatory Authority told the EGX. The Authority says it is currently assessing the offer. EKH had announced it received approvals to increase its stake in Delta Insurance to 99%. 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EKH says it intends to submit a mandatory tender offer to the Financial Regulatory Authority\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":632115,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/04\/ekh-gets-regulators-nod-for-mto-to-acquire-delta-insurance-in-egp-338-mn-transaction\/","url_meta":{"origin":634088,"position":1},"title":"EKH gets regulator\u2019s nod for MTO to acquire Delta Insurance in EGP 338 mn transaction","author":"enterpriseam admin","date":"4 February 2018","format":false,"excerpt":"M&A WATCH- Egypt Kuwait Holding (EKH) received the go-ahead from the Financial Regulatory Authority on Thursday to make a mandatory tender offer to acquire 99% of Delta Insurance, according to Al Mal. EKH is looking to acquire the remaining 16.9 mn shares (67.97%) valued at EGP 20 a share, which\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574343,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/07\/egypt-kuwait-holding-raises-stake-in-delta-insurance-to-61-5\/","url_meta":{"origin":634088,"position":2},"title":"Egypt Kuwait Holding raises stake in Delta Insurance to 61.5%","author":"enterpriseam admin","date":"7 September 2020","format":false,"excerpt":"M&A WATCH- Egypt Kuwait Holding (EKH) has raised its stake in Delta Insurance to 61.5% from 56.5% in a EGP 36.2 mn transaction, according to an EGX filing (pdf). EKH received the go-ahead from the Financial Regulatory Authority in 2018 to take Delta private through a mandatory tender offer that\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":656782,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/10\/axa-wafa-assurance-express-interest-in-buying-up-to-100-of-delta-ins\/","url_meta":{"origin":634088,"position":3},"title":"Axa, Wafa Assurance express interest in buying up to 100% of Delta Ins.","author":"enterpriseam admin","date":"10 December 2024","format":false,"excerpt":"The companies both provided an initial valuation of Delta\u2019s price-per-share at EGP 50 a pop","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/884.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":564300,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/23\/ekh-to-establish-microfinance-firm-bedayti-by-4q2021-eyes-consumer-finance\/","url_meta":{"origin":634088,"position":4},"title":"EKH to establish microfinance firm Bedayti by 4Q2021, eyes consumer finance","author":"enterpriseam admin","date":"23 August 2021","format":false,"excerpt":"Egypt Kuwait Holding (EKH) plans to expand its footprint in financial services by establishing a microfinance firm called Bedayti during 4Q2021, source from EKH told Enterprise. The holding company has received initial approval to set up the lender from the Financial Regulatory Authority and expects to receive the final go-ahead\u2026","rel":"","context":"In "SPEED ROUND: MICROFINANCE"","block_context":{"text":"SPEED ROUND: MICROFINANCE","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-microfinance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/501.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":674730,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/03\/egypt-kuwaiti-holding-wraps-egp-3-2-bn-sale-of-delta-ins-to-moroccos-wafa\/","url_meta":{"origin":634088,"position":5},"title":"Egypt Kuwaiti Holding wraps EGP 3.2 bn sale of Delta Ins. to Morocco\u2019s Wafa","author":"enterpriseam admin","date":"3 November 2025","format":false,"excerpt":"EKH booked an estimated USD 46 mn gain from the transaction in its standalone financials","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1577.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/634088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=634088"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/634088\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/634080"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=634088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=634088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=634088"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=634088"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=634088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}