The Management Board of IGI increases the authorization to purchase the company’s shares – Gazeta Królewska
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The Management Board of IGI increases the authorization to purchase the company’s shares – Gazeta Królewska

Created: June 11, 2024, 15:42

Wasef Jabsheh is the chairman of the board of directors of IGI (file photo)

The board of directors of Bermuda-based International General Insurance Holdings Ltd has increased the company’s existing share repurchase authorization to 7.5 million shares of issued and outstanding common stock.

This represents an increase of 2.5 million common shares compared to the previous common share authorization of five million that was announced in May 2022.

As of yesterday’s close of U.S. financial markets, the company had 475,203 shares outstanding under the five million share repurchase authorization, and after an increase of 2.5 million shares, it had a total of 2,975,203 shares of common stock remaining under the five million share repurchase authorization. .5 million authorization.

The company is registered in Bermuda and operates here as well as in London, Malta, Dubai, Amman, Oslo, Kuala Lumpur and Casablanca.