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chi Stock Exchange and regulated by the Securities and Exchange Commission of Pakistan. Saudi Arabia: I.P. Morgan Saudi Arabia Ltd. is authorized by the Capital Market Authority of thc Kingdom of Saudi Arabia (CMA) to carry out dealing as an agent, arranging, advising and custody, with respect to securities business under li
by the Securities and Exchange Commission of Pakistan. Saudi Arabia: I.P. Morgan Saudi Arabia Ltd. is authorized by the Capital Market Authority of thc Kingdom of Saudi Arabia (CMA) to carry out dealing as an agent, arranging, advising and custody, with respect to securities business under licence number 35-07079 and its r
Karachi Stock Exchange and regulated by the Securities and Exchange Commission of Pakistan. Saudi Arabia: `Morgan Saudi Arabia Ltd. is authorized by the Capital Market Authority of the Kingdom of Saudi Arabia (CMA) to carry out dealing as an agent, arranging, advising and custody, with respect to securities business under li
ASIC ISM. Morgan Securities Australia lamed OPMSAL)1ABN 01 003 245 234AFS Licence No: 2330061 is a Main Panama wah the ASE and regulated by &SIC.. Saudi Arabia La is outbound by the Capital Market Augmay of the Kingdom of Saudi Arabia (CMAk licence number 35.02029. Genera! lnfonnation has been obtained from so
chi Stock Exchange and regulated by the Securities and Exchange Commission of Pakistan. Saudi Arabia: J.P. Morgan Saudi Arabia Ltd. is authorized by the Capital Market Authority of the Kingdom of Saudi Arabia (CMA) to carry out dealing as an agent. arranging. advising and custody, with respect to securities business under li
siness under licence number 35-07079 and its registered address is at 8th Floor, Al-Faisaliyah Tower. King Fahad Road. P.O. Box 51907. Riyadh 11553, Kingdom of Saudi Arabia. Dubai: JPMorgan Chase Bank. N.A., Dubai Branch is regulated by the Dubai Financial Services Authority (DFSA) and its registered address is Dubai In
f Pakistan. Saudi Arabia: J.P. Morgan Saudi Arabia 17 EFTA00301333 North America Equity Research 18 June 2014 J.P.Morgan Ltd. is authorized by the Capital Market Authority of the Kingdom of Saudi Arabia (CMA) to carry out dealing as an agent. arranging. advising and custody, with respect to securities business under li
siness under licence number 35-07079 and its registered address is at 8th Floor, AI-Faisaliyah Tower, King Fahad Road, P.O. Box 51907. Riyadh 11553, Kingdom of Saudi Arabia. Dubai: JPMorgan Chase Bank, N.A., Dubai Branch is regulated by the Dubai Financial Services Authority (DFSA) and its registered address is Dubai In
chi Stock Exchange and regulated by the Securities and Exchange Commission of Pakistan. Saudi Arabia: J.P. Morgan Saudi Arabia Ltd. is authorized by the Capital Market Authority of the Kingdom of Saudi Arabia (CMA) to carry out dealing as an agent. arranging. advising and custody, with respect to securities business under li
siness under licence number 35-07079 and its registered address is at 8th Floor, Al-Faisaliyah Tower. King Fahad Road. P.O. Box 51907. Riyadh 11553, Kingdom of Saudi Arabia. Dubai: JPMorgan Chase Bank, N.A., Dubai Branch is regulated by the Dubai Financial Services Authority (DFSA) and its registered address is Dubai In
y may not be distributed in the Kingdom of Saudi Arable eecept to such persons as are permitted under the Offers of Securities Regulations issued by the Capital Market Authority (the "CMA"). The CMA does riot make any representation as to the accuracy or completeness of Ihis Document. and expressly disclaims any liability wh
iries regarding the interests in the Eund should be made t0 r7Aentiower For persona in Saudi Arabia. This Presentation may may not be distributed in the Kingdom of Saudi Arable eecept to such persons as are permitted under the Offers of Securities Regulations issued by the Capital Market Authority (the "CMA"). The CMA does
y may not be distributed in the Kingdom of Saudi Arable eecepr to such persons as are permitted under the Offers of Securities Regulations issued by the Capital Market Authority (the "CMA"). The CMA does riot make any representation as to the accuracy or completeness of Ihis Document. and expressly disclaims any liability wh
que es regarding the interests in the Eund should be made to Glenitower For persona in Saudi Arabia. This Presentation may may not be distributed in the Kingdom of Saudi Arable eecepr to such persons as are permitted under the Offers of Securities Regulations issued by the Capital Market Authority (the "CMA"). The CMA does
y may net be distributed in the Kingdom of Saudi Arable eecept to such persons as are permitted under the Offers of Securities Regulations issued by the Capital Market Authority (the "CMA-1. The CMA does riot make any representation as to the accuracy or completeness of Ihis Document. and expressly disclaims any liability wh
rates regarding the interests in the Eund should be made t0 ritenriower For persona in Saudi Arabia. This Presentation may may net be distributed in the Kingdom of Saudi Arable eecept to such persons as are permitted under the Offers of Securities Regulations issued by the Capital Market Authority (the "CMA-1. The CMA does
rachi Stock Exchange and regulated by the Securities and Exchange Commission of Pakistan. Saudi Arabia: M. Morgan Saudi Arabia Ltd. is authorized by the Capital Market Authority of the Kingdom of Saudi Arabia (CMA) to carry out dealing as an agent, arranging. advising and custody, with respect to securities business under li
business under licence number 35-07079 and its registered address is at 8th Floor. AI-Faisaliyah Tower, King Fahad Road. M. Box 51907. Riyadh 11553, Kingdom of Saudi Arabia. Dubai: JPMorgan Chase Bank, •., Dubai Branch is regulated by the Dubai Financial Services Authority (DFSA) and its registered address is Dubai Int
Karachi Stock Exchange and regulated by the Securities and Exchange Commission of Pakistan. Saudi Arabia:. Morgan Saudi Arabia Ltd. is authorized by the Capital Market Authority of the Kingdom of Saudi Arabia (CMA) to carry out dealing as an agent, arranging. advising and custody. with respect to securities business under li
s business under licence number 35-07079 and its registered address is at 8th Floor, Al-Faisaliyah Tower. King Fahad Road. Box 51907, Riyadh 11553, Kingdom of Saudi Arabia. Dubai: JPMorgan Chase Bank, t , Dubai Branch is regulated by the Dubai Financial Services Authority (DFSA) and its registered address is Dubai I
Entities connected to both the Capital Market Authority and Saudi Arabia

Barack Obama
PERSON
United States
LOCATION
Malaysia
LOCATION
Bloomberg L.P.
ORGANIZATION
Geneva
LOCATION
Donald Trump
PERSON
Bahrain
LOCATION
Middle East
LOCATION
New Zealand
LOCATION
Bill Clinton
PERSON
Marc Rich
PERSON
Riyadh
LOCATION
George W. Bush
PERSONthe Qatar Central Bank
ORGANIZATIONthe Monetary Authority of Singapore
ORGANIZATION
Condoleezza Rice
PERSON
United Kingdom
LOCATION
Philippines
LOCATION
Prince Charles
PERSON
Frankfurt
LOCATION