GCCCorpEarnings13092012

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Annual Results Qatar Earnings (USD Mn)

UAE Earnings (USD Mn) 15,039

16,000 14,000 12,000

12,000

12,758 10,815

9,756

9,064

10,000

10,828

6,000 4,961

6,000

6,482

11,233

8,121

7,507

4,733

4,000

4,000

2,000

2,000 -

-

2006 2007 2008 2009 2010 2011 2012E

2006

Oman Earnings (USD Mn) 1,800

1,690

1,569

1,600

1,400 1,200

9,482

10,000 8,000

8,000

10,367

1,463

1,650 1,405

1,255

2009

3,000 2,500

800

1,000

600

500

400

-

200

-500

2007

2008

2009

2010

2011 2012E

2010

2011 2012 E

2,445

1,909

1,781

1,741 1,660

1,500

1,000

2006

2008

Bahrain Earnings (USD Mn)

2,000

1,036

2007

1,058

2006 2007 2008 2009 2010 2011 2012E

-1,000

-1,500

31 Source: Thomson Reuters Eikon, Markaz Research

-856


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