IGI Repurchases 2.3M Common Shares
International General Insurance Holdings Ltd. announced that it has repurchased 2,271,775 common shares in a privately-negotiated transaction.
“The shares were repurchased at a price of $8.60 per share, for a total cost of approximately $19.5 million,” a spokesperson said. “The Company has approximately 2.4 million common shares remaining under its current common share repurchase authorization of up to 5 million shares, approved by the Board of Directors in May 2022. At September 30, 2022, IGI had 49,158,000 common shares issued and outstanding.”
