Epstein Secrets

lso it will help in targeting many sectors inside and outside Saudi Arabia. One of the most important sectors to be targeted by the Fund within Saudi Arabia, is the mining sector. According to the survey of the 1970s, which was re-examined last year, | think there are mining opportunities of (Trillion and

ance, growth and profits are better than the previous. All of these will maximize the size of the Public Investment Fund, on top of this the offer of Saudi Aramco. * His Highness the prince, What about Aramco? - As we state, the most important offer in the Public Investment Fund is the ARAMCO offer. This will

e simultaneously holding the Chairmanship role of Saudi Aramco. Furthermore, according to local press, Al-Falih

over the next five years, which should increase state revenues, in our view. A share sale may also facilitate international borrowing on the back of Saudi Aramco’s balance sheet. Saudi Aramco also announced it would look to set up a corporate debt program to fund its NTP initiatives, although issuance does not a

l Research. Source: Haver, BofA Merrill Lynch Global Research. Likewise, the focus on religious tourism is appropriate given its importance in Saudi Arabia but NTP targets appear ambitious to us with a targeted 20%yoy CAGR increase in Umrah pilgrims. Religious tourism accounted for c40% of total tourist

anaging Director Chief Executive Officer Senior Correspondent, Foreign Affairs Governor, Saudi Arabian General Investment Authority (SAGIA), Saudi Arabia Group Chief Executive Officer World Economic Forum Annual Meeting 2011 Forrester Research Inc. Vodafone Group Services Ltd Compagnie Financiére

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