National Bank of Kuwait (NBK)

Recommendations

Date	Research Firm	Action	From	To
04/06/08	Global Investment House	Maintain	Outperform	Outperform
21/02/08	Bayan Investment Co.	Maintain	Outperform	Outperform
27/12/07	Global Investment House	Maintain	Outperform	Outperform
25/11/07	Global Investment House			Outperform

	2007	2008	2009
Outperform	2	2	0

Global - National Bank of Kuwait: BUY Kuwait - Global Investment House - 04 June 2008

NBK - Monthly Oil Report - December 2008 Kuwait - National Bank Kuwait - 02 December 2008
IBQ unveils a new corporate identity in association with NBK Qatar - AME Info - ME Company Newswire - 30 October 2008
NBK - Economic Brief: Real Estate Activity Kuwait - National Bank of Kuwait - 29 October 2008
Markaz - GCC Equity Funds - Sept 08 Kuwait - Markaz - 28 October 2008
Former U.S President Bill Clinton speaks at NBK Event Kuwait - Press Release - 26 October 2008
National Bank of Kuwait implements Guardium Kuwait - AME Info - ME Company Newswire - 20 October 2008
Kuwait May Face Budget Deficit Kuwait - The Oil Daily - 17 October 2008
NBK reports net profit of USD 915 million for the first 9 months of 2008 Kuwait - NBK - 14 October 2008
Kuwaiti banks remain healthy despite increased competition Kuwait - AME Info - ME Company Newswire - 12 September 2008
NBK - Oil Brief: Oil Market and Development Budgets Bahrain - National Bank of Kuwait - 10 September 2008