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Recommendations

Abu Dhabi Islamic Bank share recommended “Buy” by EFG Hermes
(EFG Hermes - 08/10/2009) 
Abu Dhabi Islamic Bank fair market value was reported by EFG Hermes at AED 5.78, with a potential upside of 83% from its market price of AED 3.15 at report date, 01 October 2009.
Abu Dhabi Commercial Bank share recommended “Buy” by EFG Hermes
(EFG Hermes - 08/10/2009) 
Abu Dhabi Commercial Bank fair market value was reported by EFG Hermes at AED 3.85, with a potential upside of 58% from its market price of AED 2.44 at report date, 01 October 2009.
Al Anwar Ceramic Tiles share recommended “Hold” by Gulf Baader Capital Markets
(Gulf Baader Capital Markets - 08/10/2009) 
Al Anwar Ceramic Tiles target price was reported by Gulf Baader Capital Markets at RO 0.498 with a potential upside of 7% from its market price of RO 0.466 at report date, 06 October 2009.
The Saudi Investment Bank share rated “Accumulate” by EFG Hermes
(EFG Hermes - 07/10/2009) 
The Saudi Investment Bank fair market value was reported by EFG Hermes at SAR 21.50 with a potential upside of 16% from its market price of SAR 18.55 at report date, 03 October 2009.
Riyad Bank share rated “Accumulate” by EFG Hermes
(EFG Hermes - 07/10/2009) 
Riyad Bank fair market value was reported by EFG Hermes at SAR 34.00, with a potential upside of 14% from its market price of SAR 29.90 at report date, 03 October 2009.
Saudi Hollandi Bank share rated “Accumulate” by EFG Hermes
(EFG Hermes - 07/10/2009) 
Saudi Hollandi Bank fair market value was reported by EFG Hermes at SAR 39.00 with a potential upside of 14% from its market price of SAR 34.20 at report date, 03 October 2009.
SAMBA share recommended “Buy” by EFG Hermes
(EFG Hermes - 07/10/2009) 
SAMBA fair market value was reported by EFG Hermes at SAR 72.10 with a potential upside of 25% from its market price of SAR 57.50 at report date, 03 October 2009.
Arab National Bank share rated “Accumulate” by EFG Hermes
(EFG Hermes - 07/10/2009) 
Arab National Bank fair market value was reported by EFG Hermes at SAR 55.80 with a potential upside of 16% from its market price of SAR 48.20 at report date, 03 October 2009.
Banque Saudi Fransi share rated “Accumulate” by EFG Hermes
(EFG Hermes - 07/10/2009) 
Banque Saudi Fransi fair market value was reported by EFG Hermes at SAR 53.30 with a potential upside of 20% from its market price of SAR 44.50 at report date, 03 October 2009.
SABB share rated “Accumulate” by EFG Hermes
(EFG Hermes - 07/10/2009) 
SABB fair market value was reported by EFG Hermes at SAR 59.80 with a potential upside of 15% from its market price of SAR 52.00 at report date, 03 October 2009.
Bank Al Jazira rated “Neutral” by EFG Hermes
(EFG Hermes - 07/10/2009) 
Bank Al Jazira fair market value was reported by EFG Hermes at SAR 21.80, with a potential upside of 10% from its market price of SAR 19.85 at report date, 03 October 2009.
Bank Al Bilad share recommended “Reduce” by EFG Hermes
(EFG Hermes - 07/10/2009) 
Bank Al Bilad fair market value was reported by EFG Hermes at SAR 17.50, with a potential downside of 19% from its market price of SAR 21.60 at report date, 03 October 2009.
Al Rajhi Bank share rated “Neutral” by EFG Hermes
(EFG Hermes - 07/10/2009) 
Al Rajhi Bank fair market value was reported by EFG Hermes at SAR 74.30, with a potential upside of 1% from its market price of SAR 73.50 at report date, 03October 2009.
Jarir Marketing share rated “Overweight” by NCB Capital
(NCB Capital - 06/10/2009) 
Jarir Marketing target price was reported by NCB Capital at SAR 164.80, with a potential upside of 20.3% from its market price of SAR 137.00 at report date, 06 October, 2009.
Bank Sohar share rated “Neutral” by EFG Hermes
(EFG Hermes - 06/10/2009) 
Bank Sohar fair market value was reported by EFG Hermes at OMR 0.20, with a potential downside of 9% from its market price of OMR 0.22 at report date, 04 October 2009.
Bank Dhofar share recommended “Reduce” by EFG Hermes
(EFG Hermes - 06/10/2009) 
Bank Dhofar fair market value was reported by EFG Hermes at OMR 0.53, with a potential downside of 13% from its market price of OMR 0.61 at report date, 04 October, 2009.
National Bank Of Oman share rated “Accumulate” by EFG Hermes
(EFG Hermes - 06/10/2009) 
National Bank Of Oman fair market value was reported by EFG Hermes at OMR 0.41, with a potential upside of 24% from its market price of OMR 0.33 at report date, 04 October, 2009.
Bank Muscat share recommended “Buy” by EFG Hermes
(EFG Hermes - 06/10/2009) 
Bank Muscat fair market value was reported by EFG Hermes at OMR 1.24, with a potential upside of 36% from its market price of OMR 0.91 at report date, 04 October, 2009.
Sorouh share recommended “Hold” by ADCB
(Abu Dhabi Commercial Bank - 06/10/2009) 
Sorouh fair market value was reported by Abu Dhabi Commercial Bank at AED 3.79 with a potential downside of 5.4% from its market price of AED 4.01 at report date, 06 October 2009.
Dubai Islamic Bank share recommended “Hold” by ADCB
(Abu Dhabi Commercial Bank - 06/10/2009) 
Dubai Islamic Bank fair market value was reported by Abu Dhabi Commercial Bank at AED 3.52 with a potential upside of 11.7% from its market price of AED 3.15 at report date, 06 October 2009.

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