Inditex

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HOUSE_OVERSIGHT_016172.jpg

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.

Financial research report
2025-11-19

HOUSE_OVERSIGHT_016171.jpg

This document is page 61 of a Merrill Lynch financial report titled "GEMs Paper #26," dated June 30, 2016. It analyzes the economic impact of Saudi Arabia's decision to allow 100% foreign ownership of retail and wholesale businesses (up from 75%). The report assesses the impact on local companies like Al Hokair, Jarir, and Extra, while noting opportunities for international brands like Apple, Six Flags, and Sea World. The document bears the Bates stamp HOUSE_OVERSIGHT_016171.

Financial research report / market analysis
2025-11-19
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