This report was prepared by SHUAA Capital psc. 

The information contained in this report is given in summary and does not purport to be complete. Content of this report is provided solely for informational purposes and private calculation and should not be construed as advice or a recommendation to investors or potential investors in relation to holding, purchasing or selling securities or any other financial product or instrument, and does not take into account the suitability or appropriateness of any of these products to you, nor your particular investment objectives, financial situation, tax implications, or any other needs. 

This report is not subject to any form of regulation or approval by any regulator and no regulator will assume responsibility for reviewing or verifying any information set out in this report or in other documents in connection with this report. No regulator assumes any liability for the failure of any person related to SHUAA Capital psc in performing their respective duties and responsibilities. 

Before acting on any information you should consider and confirm the appropriateness of the information having regard to these matters, and, you should seek independent professional financial advice from an authorized financial adviser. Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. 

Past performance may not be indicative of future results. 

The information contained in this report is not intended nor can it be construed as intended to be directed to any US persons (being any US Citizens, US Green Card Holders, or Resident Aliens subject to US income taxes for IRS purposes) unless stated otherwise. Neither SHUAA Capital psc, its shareholders, nor any of their respective officers, directors, agents, employees or other persons shall be liable for any direct, indirect, incidental or other damages including loss of profits arising in any way from the information contained in this report.

This report is strictly private and confidential intended solely for the use by the intended recipients (as non-retail investors) and the content of it may not be reproduced, redistributed or copied in whole or in part for any purpose without prior express consent of SHUAA Capital psc.