💰 Financial Record

This document is page 40 of a Merrill Lynch financial research report ('GEMs Paper #26') dated June 30, 2016. It analyzes the 'National Transformation Program' (NTP) of Saudi Arabia, outlining sectors likely to benefit (Petrochemicals, Healthcare, Telecom) versus those likely to be negatively impacted. It highlights key investible themes such as the growth of religious tourism (Hajj/Umrah) and healthcare provision. The document bears a 'HOUSE_OVERSIGHT_016150' stamp, indicating it was part of evidence collected during congressional oversight, likely regarding Jeffrey Epstein's financial dealings or connections to Saudi Arabia.