EQUITY BRIEF

Issue: 686 Day 20 Month:August Quarter:3 Year: 2009 Sources: Reuters, Bloomberg, Zawya DJ
Table 1 - GCC Stock Market Indices – August 19, 2009 / Latest (*US$ million) Table 2 - Selected Indicators (*3M, ^CB interest rate)

Index Close Day YTD y-o-y Jan-JulyAve y-o-y MktCap TrdVal* P/E DY UAE Top Gains % Top Volume US$ Parity Rate*

NBAD General 6,585 -1.87% 10.58% -52.2% 6,127 -47.9% 73,693 59.4 15.3 - Natcement 4.86 Emaar EUR 1.422 0.854
NBAD Islamic 4,550 -0.92% 12.65% -57.5% 7,456 -22.4% 35,590 47.0 - 1.13 Rakwhite 2.04 ArabIntLog GBP 1.653 2.016
ADX 2,787 -0.61% 16.60% -43.3% 2,520 -33.2% 72,537 56.36 9.33 2.80 ADIB 1.42 Arabtec JPY 94.33 0.548
DFM 1,789 -1.45% 9.30% -63.9% 1,677 -64.5% 37,031 114.4 11.7 1.47 Foodco 1.20 Sorouh AED 3.673 2.200
Doha 6,681 -2.03% -2.98% -41.7% 5,744 -29.5% 80,521 80.55 11.5 2.00 UAE Top Declines % Lowest Vol. KWD 0.275 1.0625
Saudi 5,623 -2.37% 17.07% -40.8% 5,232 -38.1% 289,966 9,815 15.2 2.40
GFH -9.95 Takaful QAR 3.639 4.460
Bahrain 1,508 0.39% -16.43% -47.4% 1,611 -35.2% 16,897 1.689 8.07 3.85 CBI -7.10 Ummqcement BHD 1.655 1.534
Kuwait 7,891 -0.11% 1.40% -46.6% 7,378 -39.0% 113,117 278.4 15.4 2.91 Q-Tel -5.74 UNB SAR 3.750 0.646
Muscat 6,132 0.56% 12.69% -44.7% 5,229 -29.6% 16,923 19.24 11.3 2.87 ADAviation -5.70 Takaful OMR 0.385 3.716

Event State Sector Details

Emirates Industrial bank needed to finance A bank to finance industrial projects, on the lines of the erstwhile Emirates Industrial Bank, is needed in Abu
UAE Banking
industrial projects Dhabi, as the only finance option for industrialists today are commercial banks that charge exorbitant interest

Have recorded significant declines in revenues in the past 12 months owing to the slowdown in the real estate
UAE Brokerage firms report losses UAE Financial
sector, with losses running into high double-digits, real estate brokerage companies

It has commenced sales of its maiden project in Lebanon's Beit Merri Sunset development. The project, a high-
Rakeen starts Beit Merri project sales UAE R.Estate
end residential development in Beirut, comprises 10 villas and nine apartments

Has recorded a double-digit growth yoy in passenger traffic for the second consecutive month in July despite
Dubai Airport records double digit growth UAE Aviation
global economic downturn.Passenger traffic jumped 12.6% to 3.79 mn in July, the highest since May 2008

Senior staff met the UAE, Gulf and foreign banks' executives in Dubai to prove falsified documents used by The
Algosaibi Group hold talks with banks KSA Financial
International Banking Corporation (TIBC) to obtain loans and money transfers

Posted a full-year loss as fee income declined and it wrote down the value of investments. The net loss was US
Investcorp reports loss on investments Bahrain Financial $780.6 mn, , in the year ended June 30, after a profit of US $151.1 mn, a year earlier

Gulf Warehousing Company and Qatar Announced the signing of a three- year contract for Hiring of Trailers on Call-off Basis. The Trailers have to be
- Industrial
Steel, announces a 3 year contract used for shifting of materials within Qatar steel Premises

For information contact: Table 3 NBAD UAE Mutual Funds (as of August 13, 2009)
Nisreen El khatib
Investment Relations Officer Call +971 (2) 4105 528/ 513 NAV Weekly % change YTD % change Growth Since
Asset Management Group
National Bank of Abu Dhabi Fund Type (AED) Fund Fund Inception
PO Box 4, Abu Dhabi,United Arab Emirates (% change)
Phone: + 971 (2) 410 5671 Al Na’eem (Islamic) 8.3578 1.88% 22.59% -16.42%
Fax: + 971 (2) 6655068 14.8152 -0.80% 12.43% 48.15%
UAE Trading
E-mail: Nisreen.Elkhatib@nbad.com
UAE Distribution (Mizaat) 3.9477 -1.16% -7.16% -60.52%

GCC Opportunities (AJAJ) 3.3917 0.70% 21.44% -66.08%

http:// www.nbad-amg.com
UAE Growth(2:1 split Apr 6.2418 -1.34% 1.13% 24.84%
6,2006)

Disclaimer : This report has been prepared and issued by the Research Department at National Bank of Abu Dhabi (NBAD) on the basis of publicly available information and other sources
considered reliable. This report is not to be construed as an offer to buy, or sell securities. While utmost care has been taken to ensure that the information provided is accurate and correct, neither
NBAD, nor any of its employees shall, in any way, be responsible for the contents. NBAD is licensed by the Central Bank of the UAE.