IGI Repurchases 2.3M Common Shares

January 31, 2023 | 0 Comments

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.”

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