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LONDON - J.P. Morgan Securities PLC has announced its role as the Stabilisation Coordinator for Alinma (TADAWUL:1150) AT1 Sukuk Limited, with a potential stabilization period commencing today, May 20, 2025. This action is in anticipation of the new issuance of Additional Tier 1 Certificates (Sukuk) by Alinma AT1 Sukuk Limited, with Alinma Bank as the guarantor.
The offering involves USD-denominated perpetual non-call 5.5-year Sukuk, with the aggregate nominal amount described as USD Benchmark. The securities are set to be listed on the London Stock Exchange (LON:LSEG)’s International Securities Market (ISM), though the offer price is yet to be confirmed.
A syndicate of stabilisation managers, including Abu Dhabi Islamic Bank, Alinma Capital Company, Emirates NBD Capital, Goldman Sachs International, and Standard Chartered (LON:STAN) Bank, will join J.P. Morgan in this effort. The stabilization period, during which these managers may engage in transactions to support the market price of the securities, is slated to start today and is expected to end no later than June 20, 2025.
The stabilizing managers are authorized to over-allot the securities by up to 5% of the aggregate nominal amount. Stabilisation will take place over the counter, with specific venues to be confirmed. However, there is no guarantee that stabilization activities will occur, and if initiated, they can be discontinued at any time within the stipulated period.
The announcement clarifies that this initiative is for informational purposes and is not an invitation or offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities. The offer is directed at qualified investors outside the United Kingdom (TADAWUL:4280) and certain qualified residents within the UK, in accordance with local financial promotion regulations.
Furthermore, the securities have not been registered under the United States Securities Act of 1933 and, as such, may not be offered or sold in the United States absent registration or an exemption from registration. No public offer of the securities will be made in the United States.
This stabilization notice is based on a press release statement and is intended to inform market participants of the upcoming activities related to the Alinma AT1 Sukuk Limited offering.
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