We are focused on ensuring timely completion of Saba Towers and can assure investors that all three towers will be delivered on schedule.

We are focused on ensuring timely completion of SABA Towers and can assure investors that all three towers will be delivered on schedule. The first project to be delivered will be the landmark SABA Tower 1, which is the first freehold luxury office project in the UAE. The project offers businesses a unique opportunity to own an office, effectively allowing them to turn the expense of rent into an asset. Equally, it allows business professionals to work from business premises that reflect their corporate objectives.

SABA Real Estate has a vision for the future of the UAE property market, and we realize that a strong reputation built on an unwavering commitment to quality is essential to achieve our long-term goals. All professionals engaged in the construction of SABA Towers bring with them extensive experience and know-how, having been instrumental in the development of several prestigious real estate projects in the region. We have made it a policy to go beyond contractual obligations to provide added value to our clients. In addition, SABA Real Estate itself will be managing all its facilities in order to ensure that maintaining high standards continues to remain a priority.

On completion of the refinancing, liquidity will remain at an adequate level, with total cash balances estimated to remain relatively unchanged from the year-end 2005 balance of US$3.0 billion.

We will most probably get the bird flu carried by the millions of wild birds that are on their way to Iran.

We will apply this Saturday or Sunday... we want to have a Teheran Bureau, and I hope it should work out.