Ahli United Bank (AUB)

Recommendations

Date	Research Firm	Action	From	To
09/10/08	TAIB Research	Maintain	Outperform	Outperform
07/05/08	TAIB Research			Outperform

	2006	2007	2008
Outperform	0	0	2

TAIB - Ahli United Bank: OVERWEIGHT Bahrain - TAIB Research - 09 October 2008
Global - Bahrain Islamic Bank: BUY Bahrain - Global Investment House - 27 May 2008
TAIB - Ahli United Bank: OVERWEIGHT Bahrain - TAIB Research - 07 May 2008

Bahrain Islamic Bank	Maintain
Amlak Finance	Maintain
Union National Bank	Maintain
National Bank of Bahrain	Maintain
Abu Dhabi Commercial Bank (ADCB)	Downgrade

KMEFIC - BSE Daily Report Bahrain - KMEFIC - 11 November 2008
Univest - Kuwait Monthly Economic Brief Kuwait - Univest Group - 11 November 2008
KMEFIC - BSE Daily Report Bahrain - KMEFIC - 26 October 2008
AUB profit soars 24pc despite global turmoil Bahrain - Gulf Daily News - 15 October 2008
S&P issues ‘A-’ stable long term credit rating to Ahli United Bank Bahrain - Press Release - 15 October 2008
Ahli United Bank reports a 24% rise in net profit for nine month Kuwait - AME Info - ME Company Newswire - 15 October 2008
TAIB Research - GCC Market Report Qatar - TAIB Research - 15 October 2008
TAIB Research - GCC Market Report UAE - TAIB Research - 15 October 2008
TAIB - GCC Morning Brief Bahrain - TAIB Research - 14 October 2008
TAIB - GCC Morning Brief Saudi Arabia - TAIB Research - 14 October 2008