Air Arabia

Recommendations

Date	Research Firm	Action	To
07/07/08	EFG-Hermes		Outperform
09/06/08	Global Investment House	Initiated	Outperform
29/04/08	Prime Securities		Buy
16/07/07	SHUAA Capital	Initiated	Outperform

	2007	2008	2009
Outperform	1	2	0
Buy	0	1	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 - Air Arabia: BUY UAE - Markaz - 26 November 2008
SHUAA Capital - Air Arabia: Q2 2008 Results UAE - SHUAA Capital - 05 August 2008
EFG-Hermes - Air Arabia: BUY UAE - EFG-Hermes - 07 July 2008
SHUAA Capital - Air Arabia: Q1 2008 Results UAE - SHUAA Capital - 13 May 2008
Prime - Air Arabia: STRONG BUY UAE - Prime Securities - 29 April 2008