Egypt Kuwait Holding Company (EKH), a leading investment company, announced the completion of the sale of its entire 63.39% stake in Delta Insurance Company to Moroccan Al Wafa Insurance Company. The acquisition was made under a mandatory tender offer at a price of EGP 40 per share.

The total transaction value reached EGP 3.169 billion, equivalent to approximately $67 million. EKH reported a profit of around $46 million from the sale in its standalone financial statements, and a profit of about $3 million in its consolidated financial statements.

In a move signaling future growth, EKH is changing its name to Valmore Holding to reflect its vision for international expansion. Chairman Loay Jassim Al-Kharaf noted in August that this step reflects the company’s ambition to transform EKH from a leading regional investment platform into a world-class global investment company.

In its separate half-year performance update, EKH reported a 32% increase in its revenues during the first half (H1) of 2025 to reach $397 million, compared to the corresponding period of 2024. This growth was driven by performance across its various investments in Egypt.

In this respect, the company’s North Sinai Concession (ONS) reported a 9% increase in revenues, reaching $31.2 million in H1 2025, driven by expanding production capacity.

Meanwhile, in the petrochemical sector, Sprea Misr’s revenues reached $89.6 million in H1 2025, a 21% Year-on-Year (YoY) increase, driven by higher sales volumes.

In addition, AlexFert reported sales of $118 million in H1 2025, an 11% YoY increase, driven by a 19% rise in global urea prices.