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LONDON - J.P. Morgan Securities plc announced Tuesday it will act as Stabilisation Coordinator for Alinma (TADAWUL:1150) Sukuk Limited’s upcoming USD benchmark 5-year senior unsecured sukuk offering, according to a press release statement.
The stabilisation period is expected to begin July 8, 2025, and end no later than August 8, 2025. During this time, J.P. Morgan and other appointed stabilisation managers may support the market price of the securities at levels higher than might otherwise prevail.
The sukuk will be guaranteed by Alinma Bank and listed on the London Stock Exchange (LON:LSEG). The offering will be available in denominations of USD 200,000 with subsequent increments of USD 1,000.
The stabilisation managers may over-allot securities up to 5% of the aggregate nominal amount. Other appointed stabilisation managers include Abu Dhabi Islamic Bank, Alinma Capital, Dubai Islamic Bank, Emirates NBD Capital, Goldman Sachs International, and Standard Chartered (LON:STAN) Bank.
The securities will be offered under Regulation S only and will not be registered under the United States Securities Act of 1933, meaning they cannot be offered or sold in the United States.
The announcement specified that any stabilisation action may cease at any time during the stabilisation period and is not guaranteed to occur.
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