Egypt’s FRA Approves Delta Insurance Disclosure for Capital Increase via Bonus Shares
Egypt’s Financial Regulatory Authority (FRA) has approved the publication of Delta Insurance Company’s disclosure report regarding an increase in its issued capital through the distribution of bonus shares.
In a statement released on Monday, the FRA said the disclosure report includes proceeding with the necessary steps to invite an Extraordinary General Assembly (EGA) to approve raising the issued capital from EGP 500 million to EGP 550 million, through a bonus increase of EGP 50 million.
The capital increase will be carried out through the issuance of 12.5 million bonus shares with a nominal value of EGP 4 per share, funded from retained earnings in accordance with the company’s financial statements as of December 31, 2024. Shareholders will receive one bonus share for every ten existing shares, representing a 10% capital increase.
Delta Insurance said the move aims to strengthen its financial position, enhance solvency levels, support business growth, and improve its ability to finance future expansion plans.
The company’s profits surged by 87.7% during the first nine months of 2025, reaching EGP 689 million, compared to EGP 367 million in the same period a year earlier.