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Extraction Summary

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People
14
Organizations
1
Locations
3
Events
0
Relationships
3
Quotes

Document Information

Type: Financial research report / discovery document
File Size: 1.87 MB
Summary

This document is page 23 of a Bank of America Merrill Lynch financial research report ('GEMs Paper #26') dated June 30, 2016. It analyzes the Saudi Arabian government's budget and renewed privatization agenda, specifically discussing defense spending trends and planned privatizations for entities like Saudi Aramco, airports, and utilities as part of Saudi Vision 2030. The document bears a 'HOUSE_OVERSIGHT_016133' stamp, indicating it was produced as part of a congressional investigation, likely related to financial records subpoenaed regarding Jeffrey Epstein's banking relationships.

Organizations (14)

Name Type Context
Bank of America Merrill Lynch
SAMA (Saudi Arabian Monetary Agency)
Ministry of Finance (Saudi Arabia)
Supreme Economic Council
Saudi General Grains Organisation
Saudi Aramco
Stock exchange (Tadawul)
Saudia Medical Services
Saudi Arabian Airlines
Saudi Electricity (SEC)
Saline Water Conversion Corporation (SWCC)
General Port Authority
Saudi Post
House Oversight Committee

Timeline (3 events)

1999
Start of Saudi privatization program and creation of Supreme Economic Council
Saudi Arabia
Saudi Government
2002
Large privatization in telecommunication sector and postal services
Saudi Arabia
June 2016
Board of Directors restructured for Saudia Medical Services
Saudi Arabia
Saudi Arabian Airlines

Locations (1)

Location Context

Key Quotes (3)

"The consideration of a privatization program is not surprising at the current juncture, in our view."
Source
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Quote #1
"Selling public sector stakes is one of the non-debt creating financing options for the government that would help minimize the direct drain on Fx reserves..."
Source
HOUSE_OVERSIGHT_016133.jpg
Quote #2
"The 2030 vision suggests no privatisations in the near-term, in our view."
Source
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Quote #3

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