09:38 AM EDT, 06/11/2024 (MT Newswires) -- International General Insurance Holdings ( IGIC ) said Tuesday that its board increased the company's existing stock buyback authorization by 2.5 million common shares to 7.5 million common shares.

The company said that as of market close on Monday, it had 475,203 shares remaining under the previously announced 5 million share buyback authorization.

With the increased authorization, the company said it now has a total of 2,975,203 shares remaining under the buyback program.

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