Qatar National Cement Company

Recommendations

Date	Research Firm	Action	From	To
28/02/08	TAIB Research			Outperform

	2007	2008	2009
Outperform	0	1	0

Global - Oman Cement Company: BUY Oman - Global Investment House - 17 April 2008
TAIB - Qatar National Cement Company: OVERWEIGHT Qatar - TAIB Research - 28 February 2008

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

KMEFIC - DSM Daily Report Qatar - KMEFIC - 06 January 2009
Global - GCC Cement Sector earnings in 9M-2008 - November 2008 Saudi Arabia - Global Investment House - 19 November 2008
Global - GCC Cement Sector earnings in 9M-2008 - November 2008 Kuwait - Global Investment House - 19 November 2008
Global - GCC Cement Sector earnings in 9M-2008 - November 2008 Qatar - Global Investment House - 19 November 2008
KMEFIC - DSM Daily Report Qatar - KMEFIC - 30 October 2008
SICO - GCC Market Watch Bahrain - SICO - 21 October 2008
SICO - GCC Market Watch Saudi Arabia - SICO - 21 October 2008
SICO - GCC Market Watch Kuwait - SICO - 21 October 2008
TAIB - GCC Morning Brief Bahrain - TAIB Research - 20 October 2008
TAIB - GCC Morning Brief Saudi Arabia - TAIB Research - 20 October 2008