💰 Financial Record

This is a page from a Merrill Lynch research report dated June 30, 2016, titled 'GEMs Paper #26'. It analyzes the potential financial impact of increasing foreign ownership limits in Saudi Arabia and the hypothetical IPO of Saudi Aramco. The report cites a US$2 trillion valuation for Aramco (attributed to the Deputy Crown Prince) and projects potential capital inflows of over US$30 billion if included in the MSCI Emerging Markets index. The document bears a 'HOUSE_OVERSIGHT' stamp, indicating it was produced as part of a congressional investigation.