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Stock impact report

IGI Announces New 5 Million Common Share Repurchase Authorization

International General Insurance Holdings Ltd. - Ordinary Shares (IGIC) 
Company Research Source: Business Wire
HAMILTON, Bermuda--(BUSINESS WIRE)--International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) today announced that its Board of Directors has approved a new repurchase authorization of up 5 million of the Company’s issued and outstanding common stock.This new common share repurchase authorization replaces the previous 7.5 million authorization which has been exhausted.Repurchases, which are subject to market conditions, other business considerations and applicable legal requirements, may be made at prevailing prices in the open market, in privately negotiated transactions, block trades, or other transactions. The timing and actual number of shares to be repurchased will depend on a variety of factors, including the factors described below under “Forward-Looking Statements”.About IGI:IGI is an international specialty risks commercial insurer and reinsurer underwriting a diverse portfolio of specialty lines. Established in 2001, IGI has a worldwide portfo Show less Read more
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