Market Capitalisation

Company Name	Market Price (MP)	Total Issued Shares [in 000's]	Market Capital	Market Capitalization %	Book Value per Share (BV)	MP/BV
Emirates Islamic Bank PJSC	13.9	2430422	33782865.8	15.19%	1.17	11.88
National Industries Group Holdings	21.7	1295100	28103670	12.64%	4.87	4.46
EMAAR Properties	3.08	6091239	18761016.12	8.44%	4.71	0.65
Agility	17.6	1046840	18424384	8.29%	11.61	1.52
Mashreq Bank	91	169077	15386007	6.92%	66.64	1.37
EmiratesNBD	2.64	5557775	14672526	6.60%	6.03	0.44
Dubai Financial Market PJSC	1.51	8000000	12080000	5.43%	1.01	1.50
Emirate Integrated Telecommunications Co.	2.09	4000000	8360000	3.76%	0.73	2.86
Dubai Islamic Bank	2.02	3797054	7670049.08	3.45%	2.29	0.88
Commercial Bank of Dubai	3.05	1764806	5382658.3	2.42%	3.03	1.01
National Real Estate Company	6.3	814195	5129428.5	2.31%	4.00	1.58
Air Arabia PJSC	0.84	4666700	3896694.5	1.75%	1.10	0.76
Oman Insurance Company	8.99	419884	3774757.16	1.70%	3.40	2.64
Int. Financial Advisors	0.77	3570395	2731352.18	1.23%	2.30	0.33
Dubai Investments	1.9	1196000	2272400	1.02%	2.11	0.90
Deyaar Development	1.46	1331000	1943260	0.87%	1.23	1.19
Arabtec Holding p.j.s.c.	18.5	98974	1831019	0.82%	15.48	1.20
ARAMEX	4	456704	1826816	0.82%	1.57	2.55
Drake & Scull Int.	0.3	5778000	1756512	0.79%	1.17	0.26
Salam International Investment	0.8	2177778	1737866.84	0.78%	1.15	0.69
International Investment Group	4.03	419310	1689819.3	0.76%	0.59	6.83
Gulf General Investments Company	2.26	720000	1627200	0.73%	2.47	0.91
Union Properties	1.2	1312430	1574916	0.71%	1.58	0.76
KFIC	3.1	499477	1548378.7	0.70%	3.26	0.95
Global Investment House	5.78	266332	1539398.96	0.69%	2.69	2.15
Al Mazaya Holding Company	1.02	1500000	1530000	0.69%	1.27	0.80
Kuwait Commercial Markets Complex Co.	3.8	392664	1492123.2	0.67%	1.61	2.36
Amlak Finance	6.5	218710	1421615.78	0.64%	1.31	4.96
BAYAN Investment Company	3.95	358800	1417260	0.64%	5.12	0.77
SHUAA Capital	1.2	1065000	1278000	0.57%	1.61	0.75
Gulf Petroleum Investment	0.37	3366857	1242370.23	0.56%	1.64	0.23
Al Salam Bank - Bahrain	9.16	133887	1226404.92	0.55%	2.21	4.14
National General Insurance	5.5	214913	1182019.74	0.53%	4.68	1.18
Aerated Concrete Industries Company – K.S.C. (Closed)	4.55	230000	1046500	0.47%	2.66	1.71
National Cement Company	0.57	1791333	1021059.81	0.46%	1.85	0.31
AL SAGR INSURANCE COMPANY	0.99	1000000	990000	0.45%	2.23	0.44
Gulf Finance House B.S.C	3.4	270767	920607.8	0.41%	2.20	1.55
TAMWEEL PJSC	0.55	1655000	910250	0.41%	0.97	0.57
Gulf Navigation Holdings	0.75	1200000	900000	0.40%	1.61	0.47
Al Firdous Holding	0.49	1812237	886183.89	0.40%	0.88	0.56
Islamic Arab Ins.	1.38	600000	828000	0.37%	1.04	1.33
TABREED	0.74	1100000	809600	0.36%	1.33	0.55
AJMAN BANK	1.7	454802	773162.75	0.35%	166.54	0.01
Grand Real Estate Projects Company (K.S.C.C.)	0.76	1000000	760000	0.34%	0.99	0.77
NIH	2.09	220000	459800	0.21%	4.46	0.47
Dubai Refreshments Company	950	449	426911	0.19%	277.35	3.43
Arab Emirates Investment Bank	0.35	1213380	418616.1	0.19%	1.18	0.29
A. Scandinavian Insurance	2.99	140000	418600	0.19%	1.84	1.63
Arab Insurance Group	6.86	60000	411600	0.19%	4.92	1.39
Al-Madina for Finance & Investment	383.5	750	287625	0.13%	382.18	1.00
EKTTITAB	2.12	100000	212000	0.10%	1.92	1.10
ALSALAMSUDAN - AL SALAM SUDAN	0.53	377809	199860.96	0.09%	2.28	0.23
Dubai National Insurance & Re-insurance	18.4	10000	184000	0.08%	28.44	0.65
Dubai Insurance	6.05	30000	181500	0.08%	2.37	2.55
Dubai Islamic Insurance	1.8	100000	180000	0.08%	4.80	0.38
Takaful-Em	0.34	517000	176297	0.08%	0.75	0.45
Jeema Mineral Water	5.98	25000	149500	0.07%	4.55	1.31
United Foods Company	0.7	210000	147210	0.07%	0.83	0.84
Takaful House	5.6	25000	140000	0.06%	1.23	4.55
Gulfa Mineral Water & Processing Industries Co.	1.04	100000	104000	0.05%	0.76	1.37
Alliance Insurance Company	0.66	150000	98250	0.04%	0.95	0.69
Dubai Development Company	2.24	10000	22400	0.01%	1.79	1.25
Arab Orient Insurance Company	4.69	3000	14070	0.01%	243.89	0.02
Arab Heavy Industries		124898			2.29
UNITED KAIPARA DAIRIES CO. PSC		250			573.46
JAZEERA STEEL	0.79				0.00
HITS TELECOM		124898			2.36