The Middle Eastern stock markets have recently experienced gains, with Gulf equities rising amid optimism surrounding a potential US-Iran ceasefire proposal. For investors interested in smaller or newer companies, penny stocks—despite their somewhat outdated label—continue to present intriguing opportunities. These stocks often offer a blend of affordability and growth potential, especially when supported by solid financial foundations.
Top 10 Penny Stocks In The Middle East
| Name |
Share Price |
Market Cap |
Financial Health Rating |
| Al-Modawat Specialized Medical (SASE:9594) |
SAR3.58 |
SAR254.87M |
★★★★☆☆ |
| ADNOC Gas (ADX:ADNOCGAS) |
AED3.30 |
AED253.17B |
★★★★★★ |
| Thob Al Aseel (SASE:4012) |
SAR3.55 |
SAR1.42B |
★★★★★★ |
| Alpha Data PJSC (ADX:ALPHADATA) |
AED1.47 |
AED1.49B |
★★★★★☆ |
| Al Wathba National Insurance Company PJSC (ADX:AWNIC) |
AED3.04 |
AED629.28M |
★★★★★★ |
| Dubai Investments PJSC (DFM:DIC) |
AED3.95 |
AED16.75B |
★★★★☆☆ |
| Al Waha Capital PJSC (ADX:WAHA) |
AED1.73 |
AED3.23B |
★★★★★☆ |
| Abu Dhabi National Hotels Company PJSC (ADX:ADNH) |
AED0.398 |
AED4.98B |
★★★★★★ |
| Sharjah Cement and Industrial Development (PJSC) (ADX:SCIDC) |
AED1.07 |
AED663M |
★★★★★☆ |
| Tgi Infrastructures (TASE:TGI) |
₪2.551 |
₪200.25M |
★★★★★★ |
Click here to see the full list of 80 stocks from our Middle Eastern Penny Stocks screener.
Let's uncover some gems from our specialized screener.
Apex Investment PSC
Simply Wall St Financial Health Rating:★★★★★★
Overview:Apex Investment PSC, with a market cap of AED12.79 billion, offers catering services to both public and private organizations in the United Arab Emirates.
Operations:The company's revenue is primarily derived from Supply (AED607.37 million), Manufacturing (AED217.76 million), Facility Management Services (AED111.06 million), and Contracting (AED38.75 million).
Market Cap:AED12.79B
Apex Investment PSC, with a market cap of AED12.79 billion, has demonstrated mixed financial performance. The company is debt-free and its short-term assets significantly exceed both short and long-term liabilities, indicating strong liquidity. Despite becoming profitable over the past five years with earnings growing annually by 26.1%, recent results show negative earnings growth of -49.8% last year and a decline in net profit margins from 8.9% to 4.4%. A large one-off loss of AED81.3 million impacted its latest financials, while revenue for 2025 was AED865.16 million compared to AED852.85 million the previous year.
E7 Group PJSC
Simply Wall St Financial Health Rating:★★★★★☆
Overview:E7 Group PJSC operates in the commercial printing, packaging, and distribution sectors within the United Arab Emirates, with a market cap of AED2.04 billion.
Operations:The company generates AED675.65 million in revenue from its operations in the United Arab Emirates.
Market Cap:AED2.04B
E7 Group PJSC, with a market cap of AED2.04 billion, operates in the commercial printing and packaging sectors within the UAE. The company reported AED675.65 million in revenue for 2025, down from AED701.17 million the previous year, while net income decreased significantly to AED107.94 million from AED233.44 million. Despite stable weekly volatility and strong coverage of debt by operating cash flow (338%), E7's earnings growth has been negative over the past year (-53.8%), impacting its profit margins and return on equity (9.8%). Recent board changes could influence future strategic direction amidst these challenges.
Oil Refineries
Simply Wall St Financial Health Rating:★★★★☆☆
Overview:Oil Refineries Ltd. operates in the production and sale of fuel products, intermediate materials, and aromatic products both in Israel and internationally, with a market cap of ₪4.27 billion.
Operations:The company generates revenue from its key segments, including $5.23 billion from refining and $662 million from polymers.
Market Cap:₪4.27B
Oil Refineries Ltd., with a market cap of ₪4.27 billion, operates in the fuel and polymers segments, generating US$5.23 billion and US$662 million respectively. Despite being unprofitable, the company has reduced its losses by 14.9% annually over five years and maintains stable weekly volatility at 6%. Its debt-to-equity ratio has improved from 134.5% to 83.8%, though net debt remains high at 47.1%. Short-term assets of $1.7 billion cover both short-term ($1.1B) and long-term liabilities ($1.5B). The dividend yield of 5.83% is not well covered by earnings, but operating cash flow covers debt effectively (34%).
Summing It All Up
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Get an in-depth perspective on all 80 Middle Eastern Penny Stocks by using our screener here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include ADX:APEX ADX:E7 and TASE:ORL.
This article was originally published by Simply Wall St .
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