The Middle Eastern markets have been experiencing a slight uptick, with UAE shares rising as investors closely monitor the ongoing Iran-US negotiations. In this context, penny stocks—despite being an older term—remain relevant for those interested in smaller or newer companies that might offer significant value. By focusing on firms with strong financials and growth potential, investors can uncover promising opportunities within the realm of penny stocks.
Top 10 Penny Stocks In The Middle East
| Name |
Share Price |
Market Cap |
Financial Health Rating |
| ADNOC Gas (ADX:ADNOCGAS) |
AED3.69 |
AED285.44B |
★★★★★☆ |
| Thob Al Aseel (SASE:4012) |
SAR3.72 |
SAR1.49B |
★★★★★★ |
| Alarum Technologies (TASE:ALAR) |
₪1.96 |
₪153.84M |
★★★★★☆ |
| E7 Group PJSC (ADX:E7) |
AED1.08 |
AED2.18B |
★★★★★★ |
| Sharjah Insurance Company P.S.C (ADX:SICO) |
AED1.52 |
AED228M |
★★★★★★ |
| Al Wathba National Insurance Company PJSC (ADX:AWNIC) |
AED3.55 |
AED734.85M |
★★★★★★ |
| Dubai National Insurance & Reinsurance (P.S.C.) (DFM:DNIR) |
AED3.25 |
AED375.38M |
★★★★★★ |
| Dubai Investments PJSC (DFM:DIC) |
AED4.16 |
AED17.73B |
★★★★☆☆ |
| Sharjah Cement and Industrial Development (PJSC) (ADX:SCIDC) |
AED0.929 |
AED565.07M |
★★★★★★ |
| Tgi Infrastructures (TASE:TGI) |
₪2.60 |
₪203.15M |
★★★★★★ |
Click here to see the full list of 73 stocks from our Middle Eastern Penny Stocks screener.
Let's review some notable picks from our screened stocks.
Gulf Pharmaceutical Industries P.S.C
Simply Wall St Financial Health Rating:★★★★★★
Overview:Gulf Pharmaceutical Industries P.S.C., known as Julphar, operates in the manufacturing and sale of pharmaceuticals, cosmetics, and medical compounds across the UAE, GCC countries, and internationally with a market cap of AED1.35 billion.
Operations:Julphar's revenue is primarily derived from its manufacturing segment, which generated AED887.2 million.
Market Cap:AED1.35B
Gulf Pharmaceutical Industries P.S.C., or Julphar, has shown a strong financial turnaround, becoming profitable this year with net income reaching AED 166.7 million for the first nine months of 2025. The company's price-to-earnings ratio of 21.9x is below the industry average, indicating potential value for investors. Julphar's short-term assets comfortably cover both its short and long-term liabilities, while its debt levels are well-managed with a satisfactory net debt to equity ratio of 1%. Despite high share price volatility and low return on equity at 6.5%, earnings quality remains high with stable management oversight.
National Corporation for Tourism and Hotels
Simply Wall St Financial Health Rating:★★★★★☆
Overview:National Corporation for Tourism and Hotels invests in, owns, and manages hotels and leisure complexes in the United Arab Emirates, with a market cap of AED3.66 billion.
Operations:There are no reported revenue segments for this company.
Market Cap:AED3.66B
National Corporation for Tourism and Hotels has demonstrated robust financial performance with a significant increase in earnings, reporting AED 400.97 million net income for 2025, up from AED 156.96 million the previous year. The company's short-term assets of AED1.6 billion comfortably exceed both its short-term and long-term liabilities, highlighting strong liquidity management. Despite a large one-off gain impacting recent results, operational cash flow adequately covers debt obligations at 60.5%. While trading at a substantial discount to estimated fair value, the company's return on equity remains low at 8%, suggesting room for improvement in profitability metrics.
Al Ramz Corporation Investment and Development P.J.S.C
Simply Wall St Financial Health Rating:★★★★☆☆
Overview:Al Ramz Corporation Investment and Development P.J.S.C. is a financial institution in the UAE offering asset management, corporate finance, brokerage, lending, and other financial services with a market cap of AED852.37 million.
Operations:The company generates AED140.96 million in revenue from its brokerage and money markets segment.
Market Cap:AED852.37M
Al Ramz Corporation Investment and Development P.J.S.C. has shown promising financial growth, with earnings increasing by 43.6% over the past year, surpassing its five-year average growth rate. Despite a low return on equity of 6.9%, the company maintains strong liquidity, with short-term assets of AED1.6 billion exceeding both short-term and long-term liabilities. Its debt is well-covered by operating cash flow, although the debt-to-equity ratio has risen over five years. Recent developments include Al Ramz Capital's role as Liquidity Provider for Lulu Retail Holdings PLC shares on ADX to enhance trading activity and stability in share prices.
Key Takeaways
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Unlock more gems! Our Middle Eastern Penny Stocks screener has unearthed 70 more companies for you to explore.Click here to unveil our expertly curated list of 73 Middle Eastern Penny Stocks .
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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:JULPHAR ADX:NCTH and DFM:ALRAMZ.
This article was originally published by Simply Wall St .
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