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1.94 MB
Extraction Summary
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People
11
Organizations
4
Locations
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Events
3
Relationships
3
Quotes
Document Information
Type:
Financial research report
File Size:
1.94 MB
Summary
This document is page 62 of a Merrill Lynch financial research report (GEMs Paper #26) dated June 30, 2016. It analyzes market conditions in Saudi Arabia, specifically focusing on the risks to retail companies 'Al Hokair' and 'Jarir' due to potential direct market entry by foreign entities like Inditex and Apple, as well as mall development competition. The document bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating its inclusion in a congressional investigation, likely related to financial records.
Organizations (11)
Locations (4)
| Location | Context |
|---|---|
Relationships (3)
Al Hokair enjoys favourable access to prime locations in well-located shopping malls owned by its parent shareholder, Al Hokair Group.
The group owns and operates 13 shopping malls... through its subsidiary Arabian Centres Company.
Shumoul Holding 55% owned by Mabanee
Key Quotes (3)
"The liberalization of the Saudi retail industry raised concerns among Al Hokair investors regarding the potential loss of the Inditex franchise, which we estimate accounts for 8% of its total stores."Source
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Quote #1
"We expect Shumoul Holding 55% owned by Mabanee, the Kuwaiti mall operator, to develop a 400k sqm mall in Riyadh"Source
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Quote #2
"Should Apple enter Saudi Arabia, it would negatively impact the Apple resellers such as Jarir as the majority of the sales would be transferred to the Apple-branded stores."Source
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Quote #3
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