SCHEDULE 13G/A: Royce & Associates LP Discloses 5.21% Stake in International General Insurance Holdings Ltd.

Investment adviser Royce & Associates LP has reported a 5.21% beneficial ownership stake in International General Insurance Holdings Ltd. as of December 31, 2024.

Summary

• Royce & Associates LP, a New York-based investment adviser, has filed an Amendment No. 4 to Schedule 13G, disclosing its beneficial ownership in International General Insurance Holdings Ltd.
• As of December 31, 2024, Royce & Associates LP beneficially owned 2,394,020 shares of Common Stock of International General Insurance Holdings Ltd.
• This ownership represents 5.21% of the total class of securities.
• Royce & Associates LP holds sole voting power and sole dispositive power over all 2,394,020 shares.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
• Royce & Associates LP operates independently from its parent company, Franklin Resources, Inc. (FRI), and other FRI affiliates regarding investment and voting powers.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of ownership, providing neutral information. The presence of a significant institutional investor can be seen as mildly positive, but the filing itself does not contain performance or strategic updates.

Positives

• The disclosure of a significant stake by a reputable investment adviser like Royce & Associates LP may signal institutional confidence in International General Insurance Holdings Ltd.

Risks

• The filing explicitly states that the securities were not acquired or held for the purpose of changing or influencing the control of the issuer, mitigating potential activist investor risks.
• Royce & Associates LP disclaims any pecuniary interest in the reported securities and states it is not a 'group' with FRI affiliates or Principal Shareholders, which clarifies its independent investment management role and limits potential liabilities related to group ownership.

Future Outlook

This Schedule 13G filing is a disclosure of current ownership and does not contain forward-looking statements or guidance regarding the issuer's future performance or strategy.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect." (Certification by Daniel A. O'Byrne, Vice President of Royce & Associates LP)
• "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." (Certification by Daniel A. O'Byrne, Vice President of Royce & Associates LP)

Industry Context

This filing represents a routine disclosure by an institutional investment adviser, Royce & Associates LP, regarding its significant passive stake in International General Insurance Holdings Ltd., an entity in the insurance sector. It reflects ongoing portfolio management activities within the financial services industry.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, which can influence market perception and liquidity.

Key Dates

Keywords

International General Insurance Holdings Ltd, Royce & Associates LP, Schedule 13G, Common Stock, Beneficial Ownership, Institutional Investor, SEC Filing, Investment Adviser, G4809J106