Richard Melson

September 2005

NCB

http://www.alahli.com/index1.jsp

n.rotap@alahli.com

The National Commercial Bank

PO Box 3555, Jeddah 21481 Kingdom of Saudi Arabia

Tel: +966 2 6463232 / Fx: 6449783

Noel Rotap

Economics Department

The National Commercial Bank

HO PO Box 3555, Jeddah 21481

Kingdom of Saudi Arabia

Tel: +966 2 6463232 / Fx: 6449783

Phone Numbers:

Inside The Kingdom

800 244 3333

Outside the Kingdom

2 644 0377

Head Office Jeddah

2 649 3333

Central Region Riyadh

1 478 7877

Eastern Region Dammam

3 834 0088

Southern Region Abha

7 224 3132

International Department

2 646 4060

Investment Services

2 669 6640

AlahliBrokerage

800 244 6666

+966 2 648 2847

+966 2 263 3666 X 4411

For more help:

alahli.com@alahli.com

* Saudi code +966

Dear Readers,

Due to unavoidable circumstance, we experienced file

corruption on page 5 of this weeks Market Review & Outlook.

Our sincere apology.

I am resending the fixed copy for your convenience.

Thank you very much for bearing with us.

Best regards,

Market Review and Outlook

Noel Rotap

Noel Rotap n.rotap@alahli.com

2005/10/01 Sat