Bahrain Islamic Bank

Recommendations

Date	Research Firm	Action	From	To
23/10/08	TAIB Research	Maintain	Outperform	Outperform
27/05/08	Global Investment House			Buy
08/05/08	TAIB Research			Outperform

	2007	2008	2009
Buy	0	1	0
Outperform	0	2	0

Markaz - The Saudi Investment Bank Saudi Arabia - Markaz - 06 January 2009
Markaz - Gulf Cement Company Kuwait - Markaz - 05 January 2009
Markaz - Qatar Fuel Company Qatar - Markaz - 24 December 2008
Markaz - Qatar Shipping Qatar - Markaz - 03 December 2008
Markaz - Air Arabia: BUY UAE - Markaz - 26 November 2008
Markaz - Qatar International Islamic Bank: November 2008 Results Qatar - Markaz - 12 November 2008
Markaz - Qatar Insurance Company: November 2008 Qatar - Qatar Insurance - 10 November 2008
Markaz - Qatar Telecommunications (Qtel) Qatar - Markaz - 29 October 2008
TAIB - Bahrain Islamic Bank: OVERWEIGHT Bahrain - TAIB Research - 23 October 2008
Markaz - Oman Telecommunications Oman - Markaz - 18 September 2008
Markaz - Oman Cement Company Oman - Markaz - 18 September 2008
Markaz - Esterad Investment Company Bahrain - Markaz - 27 August 2008
Markaz - Saudi Kayan Petrochemical Company Saudi Arabia - Markaz - 26 August 2008
Markaz - Bahrain Islamic Bank: HIGH Return Bahrain - Markaz - 24 August 2008
SICO - Khaleeji Commercial Bank Bahrain - SICO Research - 08 June 2008
Global - Bahrain Islamic Bank: BUY Bahrain - Global Investment House - 27 May 2008
TAIB - Bahrain Islamic Bank: OVERWEIGHT Bahrain - TAIB Research - 08 May 2008

Ahli United Bank (AUB)	Maintain
Amlak Finance	Maintain
Union National Bank	Maintain
National Bank of Bahrain	Maintain
Abu Dhabi Commercial Bank (ADCB)	Downgrade