W. Jabsheh Investment Co. Holds 32.4% of IGIC; Jabsheh Controls 33%

Rhea-AI Filing Summary

This Schedule 13D/A reports that Wasef Jabsheh beneficially owns 14,508,631 common shares of International General Insurance Holdings Ltd., representing approximately 33.0% of the outstanding common shares. W. Jabsheh Investment Co. Ltd. beneficially owns 14,242,403 shares (approximately 32.4%) and is controlled by Mr. Jabsheh. Mr. Jabsheh has sole voting power for 266,228 shares, sole dispositive power for 117,447 shares, and shared voting and dispositive power over 14,242,403 shares.

The amendment discloses restricted share awards granted as compensation to Mr. Jabsheh: a 2025 award of 45,692 restricted shares that vest in three tranches (15,230; 15,231; 15,231 on Jan 2, 2026, Jan 2, 2027 and Jan 2, 2028, respectively) and a 2024 award of 89,728 restricted shares. The filing reports a total of 148,781 unvested restricted shares with a detailed vesting schedule and attaches the related award agreements as Exhibits 99.9 and 99.10.

Positive

• Clear disclosure of beneficial ownership amounts and voting/dispositive powers for both the individual and the controlled entity
• Restricted share awards are documented with explicit vesting schedules, improving transparency on future share issuance and executive compensation
• Control structure is transparent: W. Jabsheh Investment Co. Ltd. holdings are reported and identified as controlled by Mr. Jabsheh

Negative

• High ownership concentration: Mr. Jabsheh beneficially owns approximately 33.0% of IGIC, which concentrates shareholder control
• Voting rights on unvested awards: the reporting person can vote unvested restricted shares, which may consolidate voting influence before shares are fully vested

Insights

Financial Analyst

TL;DR Concentrated ownership (~33%) and newly disclosed restricted awards materially describe shareholder control and compensation alignment.

The filing documents that Mr. Jabsheh beneficially owns 14,508,631 shares (~33.0%) and that his controlled vehicle, W. Jabsheh Investment Co. Ltd., holds 14,242,403 shares (~32.4%). Voting and dispositive power figures are explicit: sole voting power 266,228, sole dispositive power 117,447, and shared voting/dispositive power 14,242,403. The disclosure of 148,781 unvested restricted shares, including a 45,692-share 2025 award with tranche vesting, is material for assessments of control, dilution timing and executive compensation expense. Investors should note the high ownership concentration and the voting rights attached to unvested awards as reported.

Corporate Governance Expert

TL;DR Single-person control through a BVI vehicle and voting on unvested awards raises governance and shareholder voting considerations.

The statement confirms that 100% of the shares held by W. Jabsheh Investment Co. Ltd. are controlled by Mr. Jabsheh and that certain restricted shares grant voting but not dispositive rights prior to vesting. The filing lists vesting schedules totaling 148,781 unvested restricted shares and attaches the underlying agreements as Exhibits 99.9 and 99.10. From a governance perspective, the combination of substantial block ownership and voting rights on unvested awards concentrates voting power and is a clear, reportable fact for evaluating board influence and shareholder governance dynamics.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 10)

INTERNATIONAL GENERAL INSURANCE HOLDINGS LTD.

(Name of Issuer)

Common Shares $0.01 par value

(Title of Class of Securities)

G4809J106

(CUSIP Number)

Michael Levitt, Esq.
Freshfields US LLP, 3 World Trade Center
New York, NY, 10007
(212) 277-4000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

08/05/2025

(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).

SCHEDULE 13D

CUSIP No. G4809J106

1

Name of reporting person

Wasef Jabsheh

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

JORDAN

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 266,228.00
8	Shared Voting Power 14,242,403.00
9	Sole Dispositive Power 117,447.00
10	Shared Dispositive Power 14,242,403.00

11

Aggregate amount beneficially owned by each reporting person

14,508,631.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

33.0 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

* Of the total amount of common shares, par value $0.01 per share ("Common Shares"), of International General Insurance Holdings Ltd. (the "Issuer"), which Mr. Jabsheh beneficially owns, (1) he has the present sole right to vote 266,228 Common Shares, (2) he has the present sole right to dispose of 117,447 of these Common Shares, (3) he has the present shared right to vote 14,242,403 Common Shares and (4) he has the present shared right to dispose of 14,242,403 of the Common Shares. Of the total amount of Common Shares Mr. Jabsheh beneficially owns, 98.17% are held of record by W. Jabsheh Investment Co. Ltd., a corporation organized under the laws of the British Virgin Islands ("W. Jabsheh Investment Co. Ltd." and, together with Wasef Jabsheh, the "Reporting Persons" and, each individually, a "Reporting Person") and controlled by Mr. Jabsheh, as further described below. ** Calculations of percentage ownership in this Schedule 13D with respect to the Reporting Persons are based upon 43,958,733 Common Shares of the Issuer outstanding as of June 30, 2025 as reported on the Issuer's Report on Form 6-K filed with the Securities and Exchange Commission on August 5, 2025.

SCHEDULE 13D

CUSIP No. G4809J106

1

Name of reporting person

W. Jabsheh Investment Co. Ltd.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

VIRGIN ISLANDS, BRITISH

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 14,242,403.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 14,242,403.00

11

Aggregate amount beneficially owned by each reporting person

14,242,403.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

32.4 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

* Of the total amount of Common Shares which W. Jabsheh Investment Co. Ltd. beneficially owns, (1) it has the present shared right to vote 14,242,403 Common Shares and (2) it has the present shared right to dispose of 14,242,403 of the Common Shares. Of the total amount of Common Shares W. Jabsheh Investment Co. Ltd. beneficially owns, 100% are controlled by Mr. Jabsheh, as further described below. ** Calculations of percentage ownership in this Schedule 13D with respect to the Reporting Persons are based upon 43,958,733 Common Shares of the Issuer outstanding as of June 30, 2025 as reported on the Issuer's Report on Form 6-K filed with the Securities and Exchange Commission on August 5, 2025.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Shares $0.01 par value
(b)	Name of Issuer: INTERNATIONAL GENERAL INSURANCE HOLDINGS LTD.
(c)	Address of Issuer's Principal Executive Offices: 74 Abdel Hamid Sharaf Street, P.O. Box 941428, Amman, JORDAN , 11194.
Item 1 Comment: This Amendment No. 10 (this "Amendment No. 10") amends and supplements certain information in the Schedule 13D, filed with the SEC on March 27, 2020 (the "Original 13D"), as amended by Amendment No. 1 to the Schedule 13D filed with the SEC on September 29, 2020 ("Amendment No. 1"), Amendment No. 2 to the Schedule 13D filed with the SEC on January 12, 2022 ("Amendment No. 2"), Amendment No. 3 to the Schedule 13D filed with the SEC on January 31, 2023 ("Amendment No. 3"), Amendment No. 4 to the Schedule 13D filed with the SEC on March 17, 2023 ("Amendment No. 4"), Amendment No. 5 to the Schedule 13D filed with the SEC on July 7, 2023 ("Amendment No. 5"), Amendment No. 6 to the Schedule 13D filed with the SEC on July 28, 2023 ("Amendment No. 6"), Amendment No. 7 to the Schedule 13D filed with the SEC on September 26, 2023 ("Amendment No. 7"), Amendment No. 8 to the Schedule 13D filed with the SEC on December 15, 2023 ("Amendment No. 8") and Amendment No. 9 to the Schedule 13D filed with the SEC on May 29, 2024 ("Amendment No. 9" and, together with the Original 13D, Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5, Amendment No. 6, Amendment No. 7, Amendment No. 8 and this Amendment No. 10, the "Schedule 13D") by Wasef Jabsheh. Except as set forth below, all Items of the Original 13D remain unchanged. All capitalized terms not otherwise defined herein shall have the meanings ascribed to such terms in the Schedule 13D.
Item 4.	Purpose of Transaction
	Item 4 of the Original 13D is hereby amended and supplemented to include the following: "On February 11, 2025, the Issuer granted to the Reporting Person a restricted stock award of 45,692 Common Shares (the "2025 Restricted Shares"). Of the 2025 Restricted Shares, 15,230 Common Shares will vest on January 2, 2026, 15,231 Common Shares will vest on January 2, 2027 and 15,231 Common Shares will vest on January 2, 2028. The Reporting Person has the right to vote, but not the right to dispose or direct the disposition of, the unvested 2025 Restricted Shares beneficially owned by the Reporting Person."
Item 5.	Interest in Securities of the Issuer
(a)	Item (a) to (c) of Item 5 of the Original 13D are hereby amended as follows: "(a) As of August 11, 2025, Mr. Jabsheh beneficially owned 14,508,631 Common Shares, consisting of (i) 14,242,403 Common Shares, with respect to which Mr. Jabsheh has the shared right to vote and dispose of, (ii) 117,447 Common Shares, with respect to which Mr. Jabsheh has the sole right to vote and dispose of and (iii) 148,781 unvested Restricted Shares, of which 43,270 Restricted Shares vest on January 2, 2026, 29,909 Restricted Shares vest on January 2, 2026, 15,230 Restricted Shares vest on January 2, 2026, 29,910 Restricted Shares vest on January 2, 2027, 15,231 Restricted Shares vest on January 2, 2027 and 15,231 Restricted Shares vest on January 2, 2028, which Mr. Jabsheh is deemed to beneficially own by virtue of having the shared right to vote (but not dispose of) such Restricted Shares. As of such date, in accordance with SEC rules for calculating percentages of beneficial ownership, the 14,508,631 Common Shares beneficially owned by Mr. Jabsheh represented approximately 33.0% of the Common Shares of the Issuer. As of August 11, 2025, W. Jabsheh Investment Co. Ltd. beneficially owned 14,242,403 Common Shares, with respect to which W. Jabsheh Investment Co. Ltd. has the shared right to vote and dispose of. As of such date, in accordance with SEC rules for calculating percentages of beneficial ownership, the 14,242,403 Common Shares beneficially owned by W. Jabsheh Investment Co. Ltd. represented approximately 32.4% of the Common Shares of the Issuer. Of the total amount of Common Shares and Warrants W. Jabsheh Investment Co. Ltd. beneficially owns, 100% are controlled by Mr. Jabsheh.
(b)	As of August 11, 2025, Wasef Jabsheh has: sole power to vote or direct the vote of 266,228 Common Shares; shared power to vote or direct the vote of 14,242,403 Common Shares; sole power to dispose or direct the disposition of 117,447 Common Shares; and shared power to dispose or direct the disposition of 14,242,403 Common Shares. As of August 11, 2025, W. Jabsheh Investment Co. Ltd. has: sole power to vote or direct the vote of 0 Common Shares; shared power to vote or direct the vote of 14,242,403 Common Shares; sole power to dispose or direct the disposition of 0 Common Shares; and shared power to dispose or direct the disposition of 14,242,403 Common Shares.
(c)	Other than as described in Item 4 above, no transactions in the Common Shares of the Issuer were effected by the Reporting Persons during the past 60 days."
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	The text under the heading "Restricted Share Awards" in Item 6 of the Original 13D is amended and supplemented to include the following: "Mr. Wasef Jabsheh is party to award agreements with the Issuer with respect to 89,728 Restricted Shares owned beneficially by Mr. Jabsheh (the "2024 Restricted Share Agreement") and 45,692 Restricted Shares owned beneficially by Mr. Jabsheh (the "2025 Restricted Share Agreement"). These Restricted Shares were awarded to Mr. Jabsheh as compensation for his services as Executive Chairman of the Board of the Issuer. The 2024 Restricted Share Agreement and 2025 Restricted Share Agreement are attached hereto as Exhibit 99.9 and Exhibit 99.10, respectively."
Item 7.	Material to be Filed as Exhibits.
	Item 7 of the Original 13D is hereby amended and supplemented by adding the following: 99.9 Restricted Share Agreement between International General Insurance Holding Ltd. and Wasef Jabsheh dated as of March 20, 2024 99.10 Restricted Share Agreement between International General Insurance Holding Ltd. and Wasef Jabsheh dated as of February 11, 2025

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Wasef Jabsheh

Signature:	/s/ Wasef Jabsheh
Name/Title:	Wasef Jabsheh
Date:	08/11/2025

W. Jabsheh Investment Co. Ltd.

Signature:	/s/ Wasef Jabsheh
Name/Title:	Wasef Jabsheh/Director
Date:	08/11/2025

FAQ

How many IGIC shares does Wasef Jabsheh beneficially own?

14,508,631 Common Shares, representing approximately 33.0% of the outstanding common shares as reported in this Schedule 13D/A.

What does W. Jabsheh Investment Co. Ltd. own in IGIC?

14,242,403 Common Shares, representing approximately 32.4% of outstanding shares; the company is controlled by Mr. Jabsheh.

What restricted shares were disclosed in this amendment?

A 2025 Restricted Share award of 45,692 shares (vesting in three tranches: 15,230; 15,231; 15,231) and reference to a 2024 Restricted Share Agreement covering 89,728 shares.

How many unvested restricted shares does Mr. Jabsheh beneficially own and what is the vesting schedule?

148,781 unvested Restricted Shares in total, with vesting tranches of 43,270; 29,909; 15,230; 29,910; 15,231; and 15,231 shares as reported in the filing.

Where are the restricted share agreements filed in the filing?

The agreements are attached as Exhibit 99.9 (Restricted Share Agreement dated March 20, 2024) and Exhibit 99.10 (Restricted Share Agreement dated February 11, 2025).