IGI Declares Extraordinary Cash Dividend and Regular Ordinary Common Share Dividend
March 19 2025 - 4:05PM
Business Wire
International General Insurance Holdings Ltd. (“IGI” or the
“Company”) (NASDAQ: IGIC) today announced that its Board of
Directors has declared an extraordinary cash dividend of $0.85 per
common share for the period October 1, 2024 – December 31, 2024, in
addition to the Company’s regular quarterly common share dividend
of $0.025 per share.
The extraordinary dividend plus the regular quarterly dividend,
totaling $0.875, is payable on April 22, 2025 to shareholders of
record at the close of business on April 4, 2025.
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 portfolio of energy,
property, general aviation, construction & engineering, ports
& terminals, marine cargo, marine trades, contingency,
political violence, financial institutions, general third-party
liability (casualty), legal expenses, professional indemnity,
D&O, marine liability and reinsurance treaty business.
Registered in Bermuda, with operations in Bermuda, London, Malta,
Dubai, Amman, Oslo, Kuala Lumpur and Casablanca, IGI aims to
deliver outstanding levels of service to clients and brokers. IGI
is rated “A” (Excellent)/Stable by AM Best and “A-”(Strong)/Stable
by S&P Global Ratings. For more information about IGI, please
visit www.iginsure.com.
Forward-Looking Statements:
This press release contains “forward-looking statements” within
the meaning of the “safe harbour” provisions of the Private
Securities Litigation Reform Act of 1995. The expectations,
estimates, and projections of the business of IGI may differ from
its actual results and, consequently, you should not rely on
forward-looking statements as predictions of future events. Words
such as “expect,” “estimate,” “project,” “budget,” “forecast,”
“anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,”
“believe,” “predict,” “potential,” “continue,” “commitment,”
“able,” “success” and similar expressions are intended to identify
such forward-looking statements. Forward-looking statements
contained in this press release may include, but are not limited
to, our expectations regarding the performance of our business, our
financial results, our liquidity and capital resources, the outcome
of our strategic initiatives, our expectations regarding other
market conditions, and our growth prospects. These forward-looking
statements involve significant risks and uncertainties that could
cause the actual results to differ materially from the expected
results. Most of these factors are outside of the control of IGI
and are difficult to predict. Factors that may cause such
differences include, but are not limited to: (1) changes in demand
for IGI’s services together with the possibility that IGI may be
adversely affected by other economic, business, and/or competitive
factors globally and in the regions in which it operates; (2)
competition, the ability of IGI to grow and manage growth
profitably, and IGI’s ability to retain its key employees; (3)
changes in applicable laws or regulations; (4) risks related to
fluctuations in global currencies including the UK Pound Sterling,
the Euro, and the U.S. Dollar; (5) the outcome of any legal
proceedings that may be instituted against the Company; (6) the
effects of the war between Russia and Ukraine; (7) the effects of
the hostilities between Israel, Hamas, Hezbollah, and Iran; (8) the
inability to maintain the listing of the Company’s common shares on
Nasdaq; and (9) other risks and uncertainties indicated in IGI’s
filings with the SEC. The foregoing list of factors is not
exclusive. In addition, forward-looking statements are inherently
based on various estimates and assumptions that are subject to the
judgment of those preparing them and are also subject to
significant economic, competitive, industry and other uncertainties
and contingencies, all of which are difficult or impossible to
predict and many of which are beyond the control of IGI. There can
be no assurance that IGI’s financial condition or results of
operations will be consistent with those set forth in such
forward-looking statements. You should not place undue reliance
upon any forward-looking statements, which speak only as of the
date made. IGI does not undertake or accept any obligation or
undertaking to release publicly any updates or revisions to any
forward-looking statements to reflect any change in its
expectations or any change in events, conditions, or circumstances
on which any such statement is based except to the extent that is
required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20250319111044/en/
IGI Contacts:
Investors: Robin Sidders, Head of Investor Relations M: + 44 (0)
7384 514785 Email: robin.sidders@iginsure.com
Media: Aaida Abu Jaber, AVP PR & Marketing T:
+96265662082 Ext. 407 M: +962770415540 Email:
aaida.abujaber@iginsure.com
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