Galfar Engineering and Contracting

Recommendations

Date	Research Firm	Action	From	To
30/09/07	BankMuscat	Maintain	Outperform	Outperform
31/08/07	BankMuscat	Initiated		Outperform

	2007	2008	2009
Outperform	2	0	0

Ras Al Khaimah Company for White Cement and Construction Materials	Maintain
Oman Cement Company	Maintain
Arabtec Holding	Maintain
Aerated Concrete Industries Company (ACICO)	Downgrade
Al Hassan Engineering Company	Maintain

NCBC - Closing Bell Saudi Arabia - NCB Capital - 22 December 2008
Markaz - Daily Morning Brief Kuwait - Markaz - 15 December 2008
RO127.5m pacts signed for Muscat Oman - BankMuscat - 01 December 2008
GBCM - Weekly Market Wrap up Oman - Gulf Baader Capital Markets - 02 November 2008
SHUAA Capital - GCC Morning Brief Saudi Arabia - SHUAA Capital - 30 October 2008
SHUAA Capital - GCC Morning Brief Kuwait - SHUAA Capital - 30 October 2008
SHUAA Capital - GCC Morning Brief Qatar - SHUAA Capital - 30 October 2008
SHUAA Capital - GCC Morning Brief UAE - SHUAA Capital - 30 October 2008
GBCM - Daily Market Monitor Oman - Gulf Baader Capital Markets - 29 October 2008
Huge investments in public infrastructure Oman - inewsnetwork Transcripts - 09 September 2008