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value Almarai on 21x 2017E EPS, a 15% premium to Global (blue chip) food producer averages. We believe th
am, I/B/E/S, Bloomberg, BofA Merrill Lynch Global Research OS Merrill Lynch GEMs Paper #26|30 June 2016 43
nse spending Operating weakness for Bombardier’s Global family, which competes with the Gulfstream family
other busi his re ities. None of MLPF&S, any of i Research policy prohibits rese containing such rating, rec
he ultra-wealthy that will be acquired by Viking Global after the deal is completed early next year, the
QUAPTER 2017 es |G Ma | otic Director of Equity Research 212.549.5232 [email protected] traded corporatio
ws of ISG, is not research and is nota product of Global nvestment Research or Goldman Sachs Asset Manageme
hs Global Investment Janet Yellen, exchange with Research, December 8, 2016. ABC News reporter Rebecca pa
Entities connected to both BT Global and ABI Research

Donald Trump
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Michael Bloomberg
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United States
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