The board of directors of Bermudian-domiciled International General Insurance Holdings Ltd has increased the company’s existing share repurchase authorisation to 7½ million shares of its issued and outstanding common stock.

This represents an increase of 2½ million common shares to its prior five million common share authorisation which was announced in May 2022.

As of the close of the US financial markets yesterday, the company had 475,203 shares remaining under the five million share repurchase authorisation, and with the increase of 2½ million shares, now has a total of 2,975,203 common shares remaining under the 7½ million common share repurchase authorisation.

The company is registered in Bermuda, with operations here and also in London, Malta, Dubai, Amman, Oslo, Kuala Lumpur and Casablanca.