Seef Properties

Recommendations

Date	Research Firm	Action	From	To
25/05/08	SICO Research			Outperform

	2007	2008	2009
Outperform	0	1	0

Kuwait Real Estate Company	Maintain
EMAAR Properties	Upgrade
Emaar Economic City	Initiated
Injazzat Real Estate Development Company (formerly Al Mal Real Estate)	Maintain
United Real Estate Company	Maintain

SICO - Bahrain Weekly Market Report Bahrain - SICO - 28 December 2008
SICO - Bahrain Weekly Market Report Bahrain - SICO - 14 December 2008
SICO - GCC Market Watch Oman - SICO - 17 November 2008
SICO - Seef Properties: Results Review Bahrain - SICO - 16 November 2008
SICO - GCC Market Watch Bahrain - SICO - 13 November 2008
SHUAA Capital - GCC Morning Brief Saudi Arabia - SHUAA Capital - 13 November 2008
SHUAA Capital - GCC Morning Brief Oman - SHUAA Capital - 13 November 2008
SHUAA Capital - GCC Morning Brief Qatar - SHUAA Capital - 13 November 2008
KMEFIC - BSE Daily Report Bahrain - KMEFIC - 09 November 2008
KMEFIC - BSE Daily Report Bahrain - KMEFIC - 06 November 2008