DISCLAIMER: This report is being provided for informational purposes only and on the condition that it will not form a primary basis for any investment decision. This report is not an offer to buy or sell any of the securities that may be referred to herein. In no event will COAST be liable for any loss occurring from investment decisions made based on the recommendation here enclosed. Past performance is not necessarily a guide to future performance. Investors should make their own decision on whether to buy or sell the securities covered herein based upon their specific investment goals and in consultation with their financial advisor. COAST has no obligation to update, modify or amend this report or to otherwise make any notification or announcement thereof in the event that any matter stated herein, or any opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate.  The inclusion of any opinions/estimates does not necessarily imply a recommendation or endorse the views expressed within them. Many areas of the report contain opinions and/or analysis that represent the involved analysts’ views; neither the analysts nor COAST shall be in any way liable for their opinions expressed in the report. This report has been prepared and issued by the Research Department @ Coast Investment & Development Co. K.S.C.C. (COAST), a licensed Kuwaiti investment company regulated by the Central Bank of Kuwait. COAST prepared this report using publicly available information, internal data, and other sources considered reliable; however, COAST makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability with respect to the report or the information, analysis, opinions, or related graphics contained on the report for any purpose. While great care has been taken to ensure that the facts stated are accurate, neither COAST nor any of its employees shall be in any way responsible for the contents. Neither this document nor any of its contents may be distributed in any jurisdiction where its distribution is restricted by law. Neither this document nor its content may be copied, transmitted or distributed without the prior written consent of COAST. Additional information on the contents of this report is available on request.