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operators. We note only a small number of international hospital groups to date have experience of successfully operating in multiple countries (IHH, Mediclinic), and we think Saudi Arabia could be too challenging as a first step for those yet to operate outside their domestic market. Structure of insurance
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Pierce, Fenner & Smith Incorporated
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Merrill Lynch Global Wealth Management
OrganizationInvestment management and financial planning service
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Merrill Lynch
OrganizationAmerican investing and wealth management division of Bank of America
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The Financial Service Board
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Merrill Lynch International
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Merrill Lynch Equities (Australia) Limited
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the Australian Securities and Investments Commission
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the Hong Kong Securities and Futures Commission
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Merrill Lynch Canada Inc
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the Investment Industry Regulatory Organization of Canada
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Merrill Lynch Argentina SA
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the Financial Services Agency
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the Securities and Futures Bureau
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DSP Merrill Lynch Limited
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the Securities and Exchange Board of India
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the Dubai Financial Services Authority
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Comisién Nacional del Mercado De Valores
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Bank of America Merrill Lynch Banco Multiplo S.A.
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Comissdo de Valores Mobiliarios
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Merrill Lynch KSA Company
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