SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(Amendment No. 10)
Under the Securities Exchange Act of 1934
THE SEIBELS BRUCE GROUP, INC.
__________________________________
(Name of Issuer)
COMMON STOCK, $1.00 PAR VALUE
___________________________________
(Title of Class of Securities)
816006-10-0
_____________
(CUSIP Number)
David J. Levenson, Esq.
Venable, Baetjer, Howard & Civiletti, LLP
1201 New York Avenue, N.W., Suite 1000
Washington, DC 20005
(202) 962-4831
_________________
(Name, Address and Telephone Number
of Person Authorized to Receive Notices
and Communications)
April 22, 1996
_________________
(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 which is the subject of this
Schedule 13D, and is filing this schedule because of Rule 13d-
1(b)(3) or (4), check the following box / /.
Check the following box if a fee is being paid with the statement
/ /. (A fee is not required only if the reporting person: (1)
has a previous statement on file reporting beneficial ownership
of more than five percent of the class of securities described in
Item 1; and (2) has filed no amendment subsequent thereto
reporting beneficial ownership of five percent or less of such
class.) (See Rule 13d-7.)
Page 1 of 7 Pages
<PAGE>
CUSIP No. 816006-10-0 Page 2 of 7
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
Saad. A. Alissa
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) /X/
(b) / /
3. SEC USE ONLY
4. SOURCE OF FUNDS:
PF
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e): / /
N/A
6. CITIZENSHIP OR PLACE OF ORGANIZATION:
Kingdom of Saudi Arabia
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
7. SOLE VOTING POWER
8. SHARED VOTING POWER
8,085,200
9. SOLE DISPOSITIVE POWER
10. SHARED DISPOSITIVE POWER
8,085,200
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
8,085,200
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES: / /
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
48.2%
14. TYPE OF REPORTING PERSON:
IN
<PAGE>
CUSIP No. 816006-10-0 Page 3 of 7
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
Abdullatif Ali Alissa Est.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) /X/
(b) / /
3. SEC USE ONLY
4. SOURCE OF FUNDS:
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e): / /
N/A
6. CITIZENSHIP OR PLACE OF ORGANIZATION:
Kingdom of Saudi Arabia
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
7. SOLE VOTING POWER
8. SHARED VOTING POWER
4,067,200
9. SOLE DISPOSITIVE POWER
10. SHARED DISPOSITIVE POWER
4,067,200
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
4,067,200
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES: / /
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
24.2%
14. TYPE OF REPORTING PERSON:
OO
<PAGE>
CUSIP No. 816006-10-0 Page 4 of 7
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
Financial Investors Limited
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) /X/
(b) / /
3. SEC USE ONLY
4. SOURCE OF FUNDS:
OO
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e): / /
N/A
6. CITIZENSHIP OR PLACE OF ORGANIZATION:
Cayman Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
7. SOLE VOTING POWER
8. SHARED VOTING POWER
4,067,200
9. SOLE DISPOSITIVE POWER
10. SHARED DISPOSITIVE POWER
4,067,200
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
4,067,200
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES: / /
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
24.2%
14. TYPE OF REPORTING PERSON:
CO
<PAGE>
CUSIP No. 816006-10-0 Page 5 of 7
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
General Investors Limited
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) /X/
(b) / /
3. SEC USE ONLY
4. SOURCE OF FUNDS:
OO
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e): / /
N/A
6. CITIZENSHIP OR PLACE OF ORGANIZATION:
Cayman Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
7. SOLE VOTING POWER
8. SHARED VOTING POWER
8,085,200
9. SOLE DISPOSITIVE POWER
10. SHARED DISPOSITIVE POWER
8,085,200
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
8,085,200
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES: / /
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
48.2%
14. TYPE OF REPORTING PERSON:
CO
<PAGE>
Page 6 of 7
SCHEDULE 13D
(Amendment No. 10)
NOTE: All capitalized terms used in this Amendment No. 10
and not defined herein shall have the same meaning as in the
previously filed statement of Saad A. Alissa and Abdullatif Ali
Alissa Est. (the "Establishment") on Schedule 13D, as amended.
Except as expressly stated below, there have been no material
changes in the information contained in such Schedule 13D, as
amended.
Item 5. Interest in Securities of the Issuer.
The following table sets forth information with respect to
all transactions effected by and on behalf of the Filing Persons
since the last transaction reported in the last amendment
(Amendment No. 9) to this Schedule 13D.
<TABLE>
<CAPTION>
Number Price
Trade Date of Shares Type of Transaction Per Share
<C> <C> <C> <C>
12/22/95 20,000 Open Market Sale 1.75
3/01/96 10,000 Open Market Sale 3.0125
3/06/96 5,000 Open Market Sale 2.8875
3/07/96 3,500 Open Market Sale 2.95
3/08/96 5,000 Open Market Sale 2.888
3/12/96 8,000 Open Market Sale 2.825
3/14/96 10,000 Open Market Sale 2.825
3/15/96 3,800 Open Market Sale 2.8875
3/15/96 2,100 Open Market Sale 2.8125
3/15/96 950 Open Market Sale 2.8125
3/15/96 950 Open Market Sale 2.8125
3/15/96 100 Open Market Sale 2.8125
3/15/96 2,100 Open Market Sale 2.8125
3/18/96 5,000 Open Market Sale 2.8875
3/20/96 5,000 Open Market Sale 2.8875
3/21/96 5,000 Open Market Sale 2.825
4/01/96 8,000 Open Market Sale 2.95
4/01/96 20,000 Open Market Sale 2.825
4/02/96 5,000 Open Market Sale 2.825
4/03/96 10,000 Open Market Sale 2.825
4/08/96 15,000 Open Market Sale 2.825
</TABLE>
<PAGE>
Page 7 of 7
SIGNATURES
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.
ABDULLATIF ALI ALISSA EST.
Dated: 4/22/96 By: /s/ Saad A. Alissa
_________________ ______________________________
Saad A. Alissa, President
Dated: 4/22/96 By: /s/ Saad A. Alissa
_________________ ______________________________
Saad A. Alissa, (Individually)
GENERAL INVESTORS LIMITED
Dated: 4/22/96 By: /s/ Saad A. Alissa
_________________ ______________________________
Saad A. Alissa, Secretary
FINANCIAL INVESTORS LIMITED
Dated: 4/22/96 By: /s/ Saad A. Alissa
_________________ ______________________________
Saad A. Alissa, Secretary
