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561 KB
Extraction Summary
0
People
5
Organizations
2
Locations
2
Events
1
Relationships
3
Quotes
Document Information
Type:
Financial research report / market analysis
File Size:
561 KB
Summary
This document appears to be page 63 of a Merrill Lynch financial research report ('GEMs Paper #26') dated June 30, 2016. It analyzes the economic impact of the National Transformation Program (NTP) and Saudi Vision 2030 on the Saudi Arabian retail sector. Specifically, it projects that the development of an entertainment sector (cinemas, theme parks) in KSA will negatively impact traditional retailers like Jarir and Extra, which previously served as substitutes for entertainment.
Organizations (5)
| Name | Type | Context |
|---|---|---|
| Merrill Lynch |
Logo appears in footer; likely the author of the report.
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| Jarir |
Saudi retailer mentioned as potentially losing market share to new entertainment sectors.
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| Extra |
Saudi retailer mentioned as potentially losing market share.
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| NTP |
National Transformation Program; providing guidance on developing the entertainment sector.
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| House Oversight Committee |
Implied by the Bates stamp 'HOUSE_OVERSIGHT'.
|
Timeline (2 events)
Future projection
Locations (2)
| Location | Context |
|---|---|
|
Kingdom of Saudi Arabia; region of analysis.
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Country undergoing economic changes discussed in the text.
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Relationships (1)
Report states entertainment developments will 'pose threats to the existing business models of Saudi retailers such as Jarir'.
Key Quotes (3)
"We estimate that a 20% decline in electronic sales would result in a 5% direct decline in gross profit."Source
HOUSE_OVERSIGHT_016173.jpg
Quote #1
"More entertainment in KSA, less attraction for Jarir’s stores"Source
HOUSE_OVERSIGHT_016173.jpg
Quote #2
"While these developments will support implementation of Saudi Vision 2030, they will pose threats to the existing business models of Saudi retailers such as Jarir and Extra"Source
HOUSE_OVERSIGHT_016173.jpg
Quote #3
Full Extracted Text
Complete text extracted from the document (817 characters)
We estimate that a 20% decline in electronic sales would result in a 5% direct decline in gross profit. However, this ignores the other negative effects of other product categories due to a weaker footfall trend.
More entertainment in KSA, less attraction for Jarir’s stores
In line with the guidance of the NTP, we expect Saudi Arabia to develop the entertainment sector (theme parks, cinemas). This signals the emergence of new aspirations and social changes for Saudis. While these developments will support implementation of Saudi Vision 2030, they will pose threats to the existing business models of Saudi retailers such as Jarir and Extra that are currently substituting for the lack of entertainment opportunities in the country.
In line with the guidance of the NTP, we expect Saudi Arabia to develop the entertainment sector (theme parks, cinemas). This signals the emergence of new aspirations and social changes for Saudis. While these developments will support implementation of Saudi Vision 2030, they will pose threats to the existing business models of Saudi retailers such as Jarir and Extra that are currently substituting for the lack of entertainment opportunities in the country.
[Logo: Merrill Lynch]
GEMs Paper #26 | 30 June 2016 63
HOUSE_OVERSIGHT_016173
GEMs Paper #26 | 30 June 2016 63
HOUSE_OVERSIGHT_016173
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