Baker McKenzie Cairo Legal Counsel to Egypt Kuwait Holding (EKH) on its Exit from Delta Insurance Company Through a Mandatory Tender Offer (MTO)

Baker McKenzie Cairo has advised Egypt Kuwait Holding (EKH) in connection with its exit from Delta Insurance Company, a publicly listed insurer in Egypt, through a Mandatory Tender Offer (MTO) presented by Wafa Assurance. This deal also marks the first acquisition of an insurance company under Egypt’s new insurance law, which came into effect in 2024.

The Baker McKenzie Cairo team advising EKH was led by Mohamed Ghannam and Hani Nassef and included Mohamed Abdelhalim, Omar Zaki and Dr. Amgad Yousry, bringing together deep expertise in public M&A, capital markets and regulatory compliance.

This deal reflects our strong track record in capital market transactions in Egypt, following our advisory role to United Bank’s IPO on the EGX (Egyptian Exchange), Egypt’s largest IPO since 2021.