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International General Insurance (IGIC) holder sells 420,000 shares

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Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Oman International Development & Investment Co. SAOG, through its subsidiaries, reports beneficial ownership of 9,115,138 International General Insurance Holdings Ltd. common shares, representing 21.4% of the outstanding class based on 42,654,198 shares outstanding as of June 10, 2026. The investor holds sole voting and dispositive power over all these shares.

At the time of a prior amendment, it owned 9,575,138 shares (approximately 20.4%) based on 46,886,225 shares outstanding; its percentage later rose to approximately 21.5% as the issuer’s share count declined. The reporting person subsequently sold an aggregate 420,000 shares in open market transactions between May 26 and June 30, 2026 at per‑share prices between $25.00 and $26.06. The position is described as held for investment purposes, and additional sales may occur depending on market conditions and other factors.

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Beneficial ownership 9,115,138 Common Shares Common Shares beneficially owned by the Reporting Person as of Amendment No. 2
Ownership percentage 21.4 % Percent of outstanding Common Shares based on 42,654,198 shares as of June 10, 2026
Shares outstanding 42,654,198 Common Shares Issuer's Common Shares outstanding as of June 10, 2026, per Form 6-K filed June 25, 2026
Shares disposed 420,000 Common Shares Aggregate Common Shares sold in open market transactions between May 26 and June 30, 2026
Sale price on May 26–27, 2026 $25.00 per Common Share Price per Common Share for sales of 40,000 and 20,000 shares on May 26 and May 27, 2026
Highest sale price $26.06 per Common Share Price per Common Share for sale of 3,583 shares on June 29, 2026
Prior beneficial ownership 9,575,138 Common Shares Common Shares beneficially owned at time of Amendment No. 1, approximately 20.4% of outstanding shares
Prior shares outstanding 46,886,225 Common Shares Issuer's Common Shares outstanding as of September 30, 2022, per Form 6-K filed January 31, 2023
beneficially owned financial
"As of the date of this Amendment No. 2, the Reporting Person beneficially owned 9,115,138 Common Shares"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole voting and dispositive power financial
"the Reporting Person had sole voting and dispositive power over 9,115,138 Common Shares"
open market transactions financial
"The Reporting Person subsequently disposed of an aggregate of 420,000 Common Shares in open market transactions"
Open market transactions are the buying and selling of a company’s shares or other securities conducted on public exchanges or through the wider market rather than through private deals or negotiated placements. They matter to investors because these trades change supply and demand in real time—like shoppers affecting a store’s inventory—and so can move prices, signal management or investor sentiment, affect liquidity, and alter ownership stakes that influence future returns and risk.
Schedule 13D regulatory
"This Amendment No. 2 amends and supplements certain information in the Schedule 13D"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
Form 144 regulatory
"as reported in the Reporting Person's Notice of Proposed Sale of Securities on Form 144 filed with the SEC"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What percentage of International General Insurance (IGIC) does Oman International Development currently own?

Oman International Development & Investment Co. SAOG beneficially owns 9,115,138 International General Insurance common shares, representing 21.4% of the outstanding shares, based on 42,654,198 shares outstanding as of June 10, 2026, with sole voting and dispositive power over all such shares.

How many IGIC shares did the reporting person sell in 2026 and at what prices?

The reporting person sold an aggregate 420,000 IGIC common shares in open market trades between May 26 and June 30, 2026, at per‑share prices ranging from $25.00 to $26.06, as detailed across multiple Form 144 notices of proposed sale.

How did changes in IGIC shares outstanding affect Oman International Development's ownership percentage?

At Amendment No. 1, the reporting person held 9,575,138 shares, about 20.4% of 46,886,225 shares outstanding. After IGIC’s outstanding shares decreased to 44,633,099, its stake rose to approximately 21.5% without new purchases, before later sales left it at 21.4% of 42,654,198 shares.

What is Oman International Development's stated purpose for holding IGIC shares?

The reporting person states it acquired IGIC common shares for investment purposes and has executed sales in line with its investment strategy. It may sell additional shares over time, via open market or privately negotiated transactions, depending on market price, conditions, and other factors, with no assurance on timing or amounts.

Does any other party share control over Oman International Development's IGIC shares?

As of Amendment No. 2, the reporting person has sole voting and dispositive power over 9,115,138 IGIC common shares and reports no shared voting or dispositive power. It also states that no other person is known to have rights to dividends or sale proceeds from these securities.

Through which entities does Oman International Development hold its IGIC investment?

Oman International Development & Investment Co. SAOG beneficially owns IGIC common shares through wholly owned subsidiaries Jabreen International Development Company SAOC and Ominvest International Holding Limited, and is identified as the ultimate parent entity of each subsidiary in the ownership chain.





G4809J106

(CUSIP Number)
Sarah Lashkoo
Oman International Development, & Investment Co. SAOG, P.O. Box 3886
Ruwi, Muscat, P4, 112
968 2476 9500

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
07/09/2025

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
For Rows 7, 9, 11: * See Item 5 of this statement on Schedule 13D. For Row 13: ** For limited purposes of this statement on Schedule 13D only, the percentage of common shares beneficially owned by the Reporting Person is based on 42,654,198 common shares outstanding as of June 10, 2026, as reported by International General Insurance Holdings Ltd (No. 001-39255) (the "Company") in its report on Form 6-K, filed with the Securities and Exchange Commission (the "SEC") on June 25, 2026.


SCHEDULE 13D


Oman International Development & Investment Co. SAOG
Signature:/s/ BADAR AL SHANFARI
Name/Title:Badar Al Shanfari/Chief Operating Officer
Date:08/03/2026
Signature:/s/ WALEED AL YARUBI
Name/Title:Waleed Al Yarubi/Chief People, Corporate Communications and Sustainability Officer
Date:08/03/2026
Comments accompanying signature:
None.