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LONDON - HSBC Bank plc, acting as the Stabilisation Coordinator, announced on Tuesday that it, along with other managers, may stabilize the offer of securities from Saudi Arabian Oil Company ( Saudi Aramco (TADAWUL:2222)). The securities include fixed bonds due in 2030, 2035, and 2055, with the aggregate nominal amount referenced as USD Benchmark for each maturity.
The stabilization period is set to commence on Tuesday, May 27, 2025, with an expected end date no later than July 2, 2025. During this time, the Stabilisation Manager(s), which include HSBC Bank plc, Citi, Goldman Sachs International, and J.P. Morgan, may over-allot securities or take actions to support the market price above levels that might otherwise prevail.
The stabilization activities, if undertaken, will be conducted in accordance with applicable laws and rules, and there is no guarantee that such actions will be initiated. Any over-allotment or stabilization maneuvers will be limited to 5% of the aggregate nominal amount of the securities.
These transactions are intended to occur over the counter (OTC), and the offer price is to be confirmed. The announcement clarifies that the stabilization efforts are for informational purposes only and do not constitute an offer to underwrite or acquire securities in any jurisdiction.
Furthermore, the securities offer is directed at qualified investors within the European Economic Area in accordance with the Prospectus Regulation, as well as at persons outside the United Kingdom (TADAWUL:4280) and those within the UK who have professional experience in investment matters.
The press release also states that the securities have not been registered under the United States Securities Act of 1933 and, therefore, may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of these securities in the United States.
This information, based on a press release statement, does not suggest that any stabilization action will affect the market price of the securities in the long term, nor does it endorse the investment in the securities mentioned.
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