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	<title>Meritum Prime &#187; Financial Services</title>
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	<link>http://meritumprime.com</link>
	<description>&#124;&#124; Remember The Name</description>
	<lastBuildDate>Thu, 25 Feb 2010 10:07:29 +0000</lastBuildDate>
	
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			<item>
		<title>[DSY SJ] Discovery Holdings :: 2H 2009 HEPS up 54% YoY to ZAR755; CEO forecasts modest growth</title>
		<link>http://meritumprime.com/478/companies/admin/02/25/2010/dsy-sj-discovery-holdings-2h-2009-heps-up-54-yoy-to-zar755-ceo-forecasts-modest-growth/</link>
		<comments>http://meritumprime.com/478/companies/admin/02/25/2010/dsy-sj-discovery-holdings-2h-2009-heps-up-54-yoy-to-zar755-ceo-forecasts-modest-growth/#comments</comments>
		<pubDate>Thu, 25 Feb 2010 09:19:23 +0000</pubDate>
		<dc:creator>Meritum Prime</dc:creator>
				<category><![CDATA[COMPANIES]]></category>
		<category><![CDATA[EMEA]]></category>
		<category><![CDATA[Financial Services]]></category>
		<category><![CDATA[Financials]]></category>
		<category><![CDATA[Insurance]]></category>
		<category><![CDATA[Life Insurance]]></category>
		<category><![CDATA[Nonlife Insurance]]></category>
		<category><![CDATA[South Africa]]></category>
		<category><![CDATA[Stocks]]></category>

		<guid isPermaLink="false">http://meritumprime.com/?p=478</guid>
		<description><![CDATA[Discovery Holdings’ 2H 2009 revenues rose by 16% YoY to ZAR3.24 bn, Operating profit rose by 49% YoY to ZAR1.184 bn, and Headline earnings per share (HEPS) rose by 54% YoY to ZAR755 mn. The Group’s embedded value increased by 4% from June 2009, to ZAR20.9 bn. Embedded value, a common valuation measure used outside [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>[AFR SJ] AFGRI :: 2H 2009 EPS up 22.6% YoY to ZAR0.483</title>
		<link>http://meritumprime.com/475/companies/admin/02/25/2010/afr-sj-afgri-2h-2009-eps-up-22-6-yoy-to-zar0-483/</link>
		<comments>http://meritumprime.com/475/companies/admin/02/25/2010/afr-sj-afgri-2h-2009-eps-up-22-6-yoy-to-zar0-483/#comments</comments>
		<pubDate>Thu, 25 Feb 2010 08:07:24 +0000</pubDate>
		<dc:creator>Meritum Prime</dc:creator>
				<category><![CDATA[COMPANIES]]></category>
		<category><![CDATA[Consumer Goods]]></category>
		<category><![CDATA[EMEA]]></category>
		<category><![CDATA[Farming & Fishing]]></category>
		<category><![CDATA[Financial Services]]></category>
		<category><![CDATA[Financials]]></category>
		<category><![CDATA[Food Producers]]></category>
		<category><![CDATA[Food Products]]></category>
		<category><![CDATA[South Africa]]></category>
		<category><![CDATA[Specialty Finance]]></category>
		<category><![CDATA[Stocks]]></category>

		<guid isPermaLink="false">http://meritumprime.com/?p=475</guid>
		<description><![CDATA[AFGRI’s 2H 2009 revenue fell by 9.6% YoY to ZAR3.866 mn from ZAR4.274 mn in 2H 2008. Operating profit margin declined slightly to 12.9% from 14.4% in 2H 2008. The Group’s net cash position improved by ZAR317 mn to ZAR58 mn at the end of 2H 2009 versus a negative ZAR259 mn cash position at [...]]]></description>
		<wfw:commentRss>http://meritumprime.com/475/companies/admin/02/25/2010/afr-sj-afgri-2h-2009-eps-up-22-6-yoy-to-zar0-483/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>[SHUAA UH] Shuaa Capital :: 4Q 2009 Net Loss of AED154.3 mn</title>
		<link>http://meritumprime.com/472/companies/admin/02/09/2010/shuaa-uh-shuaa-capital-4q-2009-net-loss-of-aed154-3-mn/</link>
		<comments>http://meritumprime.com/472/companies/admin/02/09/2010/shuaa-uh-shuaa-capital-4q-2009-net-loss-of-aed154-3-mn/#comments</comments>
		<pubDate>Tue, 09 Feb 2010 06:34:27 +0000</pubDate>
		<dc:creator>Meritum Prime</dc:creator>
				<category><![CDATA[Asset Managers]]></category>
		<category><![CDATA[COMPANIES]]></category>
		<category><![CDATA[Financial Services]]></category>
		<category><![CDATA[Financials]]></category>
		<category><![CDATA[GCC]]></category>
		<category><![CDATA[Investment Services]]></category>
		<category><![CDATA[MENA]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[United Arab Emirates]]></category>

		<guid isPermaLink="false">http://meritumprime.com/?p=472</guid>
		<description><![CDATA[Shuaa Capital, a Dubai-based investment bank, disclosed a FY 2009 Net Loss of AED529.8 mn, including investment impairment charges of AED312.2 mn and provisions of AED210.5 mn, versus a FY 2008 NI of AED889.6 mn. FY 2009 Operating Loss was AED70.8 mn, versus FY 2008 Operating Loss of AED522.7 mn.
The 4Q 2009 Operating Loss was [...]]]></description>
		<wfw:commentRss>http://meritumprime.com/472/companies/admin/02/09/2010/shuaa-uh-shuaa-capital-4q-2009-net-loss-of-aed154-3-mn/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>[*IPO*] Huatai Securities :: seeking $2.30-2.53 bn in IPO</title>
		<link>http://meritumprime.com/463/companies/admin/02/08/2010/ipo-huatai-securities-seeking-2-30-2-53-bn-in-ipo/</link>
		<comments>http://meritumprime.com/463/companies/admin/02/08/2010/ipo-huatai-securities-seeking-2-30-2-53-bn-in-ipo/#comments</comments>
		<pubDate>Tue, 09 Feb 2010 04:43:32 +0000</pubDate>
		<dc:creator>Meritum Prime</dc:creator>
				<category><![CDATA[Asia -ex]]></category>
		<category><![CDATA[COMPANIES]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[Financial Services]]></category>
		<category><![CDATA[Financials]]></category>
		<category><![CDATA[IPOs & SPOs]]></category>
		<category><![CDATA[Investment Services]]></category>
		<category><![CDATA[Stocks]]></category>

		<guid isPermaLink="false">http://meritumprime.com/?p=463</guid>
		<description><![CDATA[Chinese brokerage firm Huatai Securities, based in Nanjing, has set an indicative price range of CNY20-22 ($2.93-3.22) per share for its IPO, which values the stock at 29.4-32.4 times 2009 earnings. The 784.6 mn A-share offering, representing 14% of Huatai’s enlarged share capital, stands to raise as much as CNY17.26 bn ($2.53 bn) for the [...]]]></description>
		<wfw:commentRss>http://meritumprime.com/463/companies/admin/02/08/2010/ipo-huatai-securities-seeking-2-30-2-53-bn-in-ipo/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>[MASQ UH] Mashreqbank :: FY 2009 NI off 39% YoY to AED1 bn</title>
		<link>http://meritumprime.com/451/companies/admin/02/05/2010/masq-uh-mashreqbank-fy-2009-ni-off-39-yoy-to-aed1-bn/</link>
		<comments>http://meritumprime.com/451/companies/admin/02/05/2010/masq-uh-mashreqbank-fy-2009-ni-off-39-yoy-to-aed1-bn/#comments</comments>
		<pubDate>Fri, 05 Feb 2010 08:28:14 +0000</pubDate>
		<dc:creator>Meritum Prime</dc:creator>
				<category><![CDATA[Asset Managers]]></category>
		<category><![CDATA[Banks]]></category>
		<category><![CDATA[COMPANIES]]></category>
		<category><![CDATA[Consumer Finance]]></category>
		<category><![CDATA[Financial Services]]></category>
		<category><![CDATA[Financials]]></category>
		<category><![CDATA[GCC]]></category>
		<category><![CDATA[Investment Services]]></category>
		<category><![CDATA[MENA]]></category>
		<category><![CDATA[Mortgage Finance]]></category>
		<category><![CDATA[Specialty Finance]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[United Arab Emirates]]></category>

		<guid isPermaLink="false">http://meritumprime.com/?p=451</guid>
		<description><![CDATA[UAE&#8217;s Mashreqbank’s FY 2009 NI fell by 39% YoY to AED1 bn from AED1.64 bn, on Operating Income of AED4.9 bn. OI growth was largely driven by 30% YoY growth in Fee, Commission and other income as well as robust growth in investment income. Mashreqbank’s 9M 2009 NI had fallen by 20% YoY to AED1.12 [...]]]></description>
		<wfw:commentRss>http://meritumprime.com/451/companies/admin/02/05/2010/masq-uh-mashreqbank-fy-2009-ni-off-39-yoy-to-aed1-bn/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>[AABAR UH] Aabar Investments :: FY 2009 NI rose by 133% YoY to AED1.679 bn</title>
		<link>http://meritumprime.com/424/companies/admin/02/02/2010/aabar-uh-aabar-investments-fy-2009-ni-rose-by-133-yoy-to-aed1-679-bn/</link>
		<comments>http://meritumprime.com/424/companies/admin/02/02/2010/aabar-uh-aabar-investments-fy-2009-ni-rose-by-133-yoy-to-aed1-679-bn/#comments</comments>
		<pubDate>Tue, 02 Feb 2010 08:13:34 +0000</pubDate>
		<dc:creator>Meritum Prime</dc:creator>
				<category><![CDATA[Asset Managers]]></category>
		<category><![CDATA[COMPANIES]]></category>
		<category><![CDATA[Financial Services]]></category>
		<category><![CDATA[Financials]]></category>
		<category><![CDATA[GCC]]></category>
		<category><![CDATA[MENA]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[United Arab Emirates]]></category>

		<guid isPermaLink="false">http://meritumprime.com/?p=424</guid>
		<description><![CDATA[Aabar Investments’ FY 2009 NI rose by 133% YoY to reach AED1.679 bn ($457.4 mn), versus AED721.6 mn ($196.5 mn) in 2008. Its 9M 2009 NI was reported previously as AED1.547 bn, which implies 4Q 2009 NI of AED132.9 mn, an increase of 15.3% over 4Q 2008 NI of AED115.3 mn.
The company’s Total Assets increased [...]]]></description>
		<wfw:commentRss>http://meritumprime.com/424/companies/admin/02/02/2010/aabar-uh-aabar-investments-fy-2009-ni-rose-by-133-yoy-to-aed1-679-bn/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>[AOFS OM] Al Omaniya Financial :: FY 2009e NI up 11.3% YoY to OMR 3.675 mn</title>
		<link>http://meritumprime.com/377/companies/admin/02/01/2010/aofs-om-al-omaniya-financial-fy-2009e-ni-up-11-3-yoy-to-omr-3-675-mn/</link>
		<comments>http://meritumprime.com/377/companies/admin/02/01/2010/aofs-om-al-omaniya-financial-fy-2009e-ni-up-11-3-yoy-to-omr-3-675-mn/#comments</comments>
		<pubDate>Mon, 01 Feb 2010 06:32:40 +0000</pubDate>
		<dc:creator>Meritum Prime</dc:creator>
				<category><![CDATA[COMPANIES]]></category>
		<category><![CDATA[Consumer Finance]]></category>
		<category><![CDATA[Financial Services]]></category>
		<category><![CDATA[Financials]]></category>
		<category><![CDATA[Oman]]></category>
		<category><![CDATA[Specialty Finance]]></category>
		<category><![CDATA[Stocks]]></category>

		<guid isPermaLink="false">http://meritumprime.com/?p=377</guid>
		<description><![CDATA[Al Omaniya Financial said that its preliminary unaudited estimates of FY 2009 NI is OMR3.675 mn, up by 11.3% YoY, on FY 2009e Sales of OMR12.472 mn. Total YE 2009e Assets are at OMR116.9 mn with Net Leased Assets of OMR114.5 mn.
A week earlier Moody&#8217;s assigned the company Ba3 long-term local and foreign currency issuer [...]]]></description>
		<wfw:commentRss>http://meritumprime.com/377/companies/admin/02/01/2010/aofs-om-al-omaniya-financial-fy-2009e-ni-up-11-3-yoy-to-omr-3-675-mn/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>[INL SJ] Investec :: April-December 2009 Net OI up by 1% YoY</title>
		<link>http://meritumprime.com/299/companies/admin/01/29/2010/inl-sj-investec-april-december-2009-net-oi-up-by-1-yoy/</link>
		<comments>http://meritumprime.com/299/companies/admin/01/29/2010/inl-sj-investec-april-december-2009-net-oi-up-by-1-yoy/#comments</comments>
		<pubDate>Fri, 29 Jan 2010 11:09:34 +0000</pubDate>
		<dc:creator>Meritum Prime</dc:creator>
				<category><![CDATA[Asset Managers]]></category>
		<category><![CDATA[Banks]]></category>
		<category><![CDATA[COMPANIES]]></category>
		<category><![CDATA[EMEA]]></category>
		<category><![CDATA[Financial Services]]></category>
		<category><![CDATA[Financials]]></category>
		<category><![CDATA[South Africa]]></category>
		<category><![CDATA[Stocks]]></category>

		<guid isPermaLink="false">http://meritumprime.com/?p=299</guid>
		<description><![CDATA[South Africa’s Investec, a specialist banking group comprising banking and asset management businesses, said its net operating income after expenses and minorities but before impairments on loans and advances for the April-December 2009 period rose by 1% YoY.
In addition, the company reported the following:

Net operating income (after expenses and minorities but before impairments on loans [...]]]></description>
		<wfw:commentRss>http://meritumprime.com/299/companies/admin/01/29/2010/inl-sj-investec-april-december-2009-net-oi-up-by-1-yoy/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>[EQBNK KN] Equity Bank :: Kenyan bank to insure livestock with UAP Insurance</title>
		<link>http://meritumprime.com/168/companies/admin/01/25/2010/eqbnk-kn-equity-bank-kenyan-bank-to-insure-livestock-with-uap-insurance/</link>
		<comments>http://meritumprime.com/168/companies/admin/01/25/2010/eqbnk-kn-equity-bank-kenyan-bank-to-insure-livestock-with-uap-insurance/#comments</comments>
		<pubDate>Mon, 25 Jan 2010 08:27:10 +0000</pubDate>
		<dc:creator>Meritum Prime</dc:creator>
				<category><![CDATA[Banks]]></category>
		<category><![CDATA[COMPANIES]]></category>
		<category><![CDATA[EMEA]]></category>
		<category><![CDATA[Financial Services]]></category>
		<category><![CDATA[Financials]]></category>
		<category><![CDATA[Insurance]]></category>
		<category><![CDATA[Kenya]]></category>
		<category><![CDATA[Nonlife Insurance]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[Stocks]]></category>

		<guid isPermaLink="false">http://meritumprime.com/?p=168</guid>
		<description><![CDATA[Kenya’s Equity Bank and UAP Insurance are launching an insurance scheme to cover the losses of livestock farmers in northern Kenya, whose herds face the risk of starvation due to poor weather condition. The insurance program will use satellite images to predict drought. The index-based product will initially be offered to herders of camels, cows, goats and sheep in Kenya’s drought-prone Marsabit district. If satellite images indicate that a lack of rainfall has seriously damaged vegetation in their region, putting livestock at risk of hunger or thirst, farmers may receive compensation.]]></description>
		<wfw:commentRss>http://meritumprime.com/168/companies/admin/01/25/2010/eqbnk-kn-equity-bank-kenyan-bank-to-insure-livestock-with-uap-insurance/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>[TAWUNIYA AB] Tawuniya :: 4Q 2009 NI SAR101.5 mn, but misses guidance</title>
		<link>http://meritumprime.com/127/companies/admin/01/19/2010/tawuniya-ab-tawuniya-4q-2009-ni-sar101-5-mn-but-misses-guidance/</link>
		<comments>http://meritumprime.com/127/companies/admin/01/19/2010/tawuniya-ab-tawuniya-4q-2009-ni-sar101-5-mn-but-misses-guidance/#comments</comments>
		<pubDate>Tue, 19 Jan 2010 11:26:55 +0000</pubDate>
		<dc:creator>Meritum Prime</dc:creator>
				<category><![CDATA[COMPANIES]]></category>
		<category><![CDATA[GCC]]></category>
		<category><![CDATA[Insurance]]></category>
		<category><![CDATA[MENA]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[Saudi Arabia]]></category>
		<category><![CDATA[Stocks]]></category>

		<guid isPermaLink="false">http://meritumprime.com/?p=127</guid>
		<description><![CDATA[The Company for Cooperative Insurance (TAWUNIYA), Saudi Arabia&#8217;s leading insurer rose to 4Q 2009 NI of SAR101.5 mn ($27.1 mn) versus a 4Q 2008 Net Loss of SAR34.6 mn but missed its own guidance of SAR125.6 mn due to floods in the city of Jeddah in December. Tawuniya said it lost SAR38 mn due to [...]]]></description>
		<wfw:commentRss>http://meritumprime.com/127/companies/admin/01/19/2010/tawuniya-ab-tawuniya-4q-2009-ni-sar101-5-mn-but-misses-guidance/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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