Arab Finance: The board members of Delta Insurance approved increasing the issued and paid-up capital to EGP 750 million from EGP 550 million, according to a bourse filing.
The EGP 200 million raise will be distributed over 50 million shares, at a nominal value of EGP 4 per share.
Delta Insurance posted 9.05% year-on-year (YoY) higher consolidated net profits after tax and minority interest valued at EGP 308.165 million in the first quarter (Q1) of 2026, versus EGP 282.572 million.
Standalone net profits after tax hiked to EGP 442.619 million at the end of March 2026 from EGP 37.975 million a year earlier.
