This document is a sales material or research report titled 'GEMs Paper #31: Saudi Arabia: growth bull, fiscal bear' from Bank of America Merrill Lynch, dated January 29, 2018. It provides analysis and key takeaways on various Saudi companies (Jarir, Al Tayyar, Makkah real estate REIT, Al Hokair, Malath, Alrajhi Takaful) and the overall economic outlook for Saudi Arabia, prepared by Cole Mackay.
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