Maaden

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HOUSE_OVERSIGHT_016178.jpg

This document is page 68 of a Merrill Lynch research report titled 'GEMs Paper #26', dated June 30, 2016. It analyzes Saudi Arabia's National Transformation Plan (NTP), specifically focusing on the mining sector, the conglomerate business model (mentioning SABIC, Maaden, and Hadeed), and providing economic projections for 2020. The document bears a House Oversight Committee Bates stamp, suggesting it was part of a congressional investigation, possibly related to financial records.

Financial research report
2025-11-19

HOUSE_OVERSIGHT_016152.jpg

This document is page 42 of a BofA Merrill Lynch Global Research report (GEMs Paper #26) dated June 30, 2016. It contains a chart analyzing Saudi Arabian market sectors and companies exposed to key National Transformation Program (NTP) themes, alongside a textual analysis of Saudi market valuations compared to emerging market indices. The document bears a 'HOUSE_OVERSIGHT_016152' stamp, indicating it was part of a document production for a congressional investigation.

Financial research report / market analysis
2025-11-19

HOUSE_OVERSIGHT_016151.jpg

This document is page 41 of a Merrill Lynch financial report titled 'GEMs Paper #26', dated June 30, 2016. It analyzes investment opportunities in Saudi Arabia based on the National Transformation Program (NTP), specifically highlighting housing, telecom infrastructure, and petrochemicals/mining. The document bears a 'HOUSE_OVERSIGHT_016151' stamp, indicating it was part of a production to the House Oversight Committee.

Financial research report / investment analysis
2025-11-19
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