CHAIRMAN'S MESSAGE

Mr.  Essa Al Essa
Chairman & CEO

Dear Shareholders,

It is my pleasure to present to you the 32nd Annual Report

of the UIC for the financial year ended December 31,2010, and to review major developments and events during the year......




UIC Shafafiyah (Transparency) Investor's Forum 2011

UIC's 2011 Shafafiyah (Transparency) presentation was released on March 9th, 2011. It has a review of last year and financial guidance for this year to shareholders, partners, financial analysts and institutional investors.

Click here to download an English copy of UIC 2011 Investor presentation.
Future Outlook
Although positive results were achieved in 2010, the management continues to aspire to achieve even more in the coming few years, given the tremendous capabilities and the human resources that is available to the company and its Group. The management is also working hard to reach the best solutions and available alternatives to move forward its operating investments that are still facing challenges. Resolving the hindering challenges will improve the circumstances and will pave the way to achieve better results and gain excellent revenues.