12 May 2010

Rasmala Investment Bank (“Rasmala”) and Royal Bank of Scotland (“RBS”) launched their first research publication under the Rasmala-RBS brand. Rasmala and RBS announced a joint venture collaboration on MENA equity research and brokerage in February of this year and ‘MENA Telecom Sector’ is the inaugural publication.

The publication involves a full initiation on 9 regional telecom operators from Saudi Arabia, UAE, Egypt, Qatar and Kuwait, employing a thematic and intrinsic value approach.  The report was created combining Rasmala’s regional knowledge with RBS’s global expertise.

“The telecommunications industry is of great importance in the Middle East,” commented Tamer Bazzari, Chief Executive Officer at Rasmala. “The report itself focuses on the considerable changes that have taken place over the last six months, and how the industry will evolve in the new economy. This offers our clients a unique look into the industry and will allow them to put it into the wider economic context.”

“This report, and future reports, will add significant value to regional and international investors seeking insights on MENA listed equities and will allow Rasmala to provide further support to its growing client base. We’re delighted with this first piece of market insight produced with RBS and look forward to more publications on various sectors in the coming months.”

Rasmala’s brokerage business provides a full range of regional brokerage services in 14 markets. The alliance with RBS is expected to grow the client base considerably by providing insight into specific markets highlighted as being key in the short and medium term.

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