📧 Communication

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Communication Details

From
To
Bloomberg Bloomberg
Date
June 01, 2016
Subject
Economic diversification and IPO
Message Content

Outlined measures to diversify economy, including potential IPO of Saudi Aramco.

📄 Source Document

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Document Summary

This document is a Merrill Lynch research paper ('GEMs Paper #26') dated June 30, 2016, analyzing the potential privatization and IPO of Saudi Aramco as proposed by Deputy Crown Prince Mohammed bin Salman. It details the strategic economic shift for Saudi Arabia, citing a potential $2 trillion valuation, plans to sell less than 5% of the company, and the geopolitical implications of Saudi oil exports to the US and Asia. The document bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating its inclusion in a congressional investigation.

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