Major Gulf markets have recently faced downward pressure due to geopolitical tensions, particularly concerns over potential military actions involving Iran. Despite these challenges, the search for investment opportunities remains robust, and penny stocks continue to attract attention for their potential value. Although the term "penny stocks" may seem outdated, these smaller or newer companies can offer surprising stability and growth prospects when backed by strong financials.
Top 10 Penny Stocks In The Middle East
| Name |
Share Price |
Market Cap |
Financial Health Rating |
| ADNOC Gas (ADX:ADNOCGAS) |
AED3.58 |
AED274.7B |
★★★★★☆ |
| Thob Al Aseel (SASE:4012) |
SAR3.72 |
SAR1.48B |
★★★★★★ |
| Alarum Technologies (TASE:ALAR) |
₪2.362 |
₪170.98M |
★★★★★☆ |
| E7 Group PJSC (ADX:E7) |
AED1.05 |
AED2.16B |
★★★★★★ |
| Sharjah Insurance Company P.S.C (ADX:SICO) |
AED1.52 |
AED228M |
★★★★★★ |
| Al Wathba National Insurance Company PJSC (ADX:AWNIC) |
AED3.20 |
AED662.4M |
★★★★★★ |
| Dubai National Insurance & Reinsurance (P.S.C.) (DFM:DNIR) |
AED3.25 |
AED375.38M |
★★★★★★ |
| Dubai Investments PJSC (DFM:DIC) |
AED4.00 |
AED17.22B |
★★★★☆☆ |
| Sharjah Cement and Industrial Development (PJSC) (ADX:SCIDC) |
AED0.866 |
AED527.96M |
★★★★★★ |
| Tgi Infrastructures (TASE:TGI) |
₪2.585 |
₪202.92M |
★★★★★★ |
Click here to see the full list of 71 stocks from our Middle Eastern Penny Stocks screener.
We'll examine a selection from our screener results.
ADNOC Gas
Simply Wall St Financial Health Rating:★★★★★☆
Overview:ADNOC Gas PLC, along with its subsidiaries, processes associated and non-associated gas from onshore oil and gas production and transmits related products in the United Arab Emirates, with a market cap of AED 274.70 billion.
Operations:The company generates revenue of $18.95 billion from its gas business segment.
Market Cap:AED274.7B
ADNOC Gas, with a market cap of AED 274.70 billion and revenues of US$18.95 billion, demonstrates strong financial health and operational stability. Its earnings grew by 16.7% over the past year, outperforming the industry average. The company's return on equity is high at 22%, and its debt is well covered by operating cash flow at a very large percentage, indicating robust financial management. Recent strategic moves include a $4-billion agreement with EMSTEEL to supply lower-carbon natural gas, enhancing its competitive edge in sustainable energy solutions while also introducing quarterly dividends to shareholders starting Q3 2025.
Ajman Bank PJSC
Simply Wall St Financial Health Rating:★★★★☆☆
Overview:Ajman Bank PJSC offers a range of banking products and services to individuals, businesses, and government institutions in the United Arab Emirates, with a market cap of AED4.01 billion.
Operations:Ajman Bank PJSC does not report specific revenue segments.
Market Cap:AED4.01B
Ajman Bank PJSC, with a market cap of AED 4.01 billion, has shown promising growth with earnings increasing by 24.8% over the past year, outpacing its five-year average. The bank's net income rose to AED 500.04 million from AED 400.65 million the previous year, and it announced an annual dividend of AED 0.0918 per share. Despite a low return on equity at 14.4%, Ajman Bank maintains an appropriate loans-to-deposits ratio of 67% and stable weekly volatility at 4%. However, it faces challenges with a high bad loans ratio of 8.9%, which requires attention moving forward.
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Click to explore a detailed breakdown of our findings in Ajman Bank PJSC's financial health report.
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Examine Ajman Bank PJSC's past performance report to understand how it has performed in prior years.
Bram Industries
Simply Wall St Financial Health Rating:★★★★★☆
Overview:Bram Industries Ltd. develops, produces, and markets plastic products using injection-molding technology both in Israel and internationally, with a market cap of ₪25.69 million.
Operations:The company's revenue is primarily derived from its Packaging for The Food Industry segment, which generated ₪53.81 million, and its Home Essentials Products - Plastic Products segment, contributing ₪0.52 million.
Market Cap:₪25.69M
Bram Industries Ltd., with a market cap of ₪25.69 million, operates in the plastic products sector and is currently unprofitable. The company's revenue primarily comes from its Packaging for The Food Industry segment, generating ₪53.81 million annually. Despite a stable debt-to-equity ratio now at 34.8%, Bram's losses have increased by 14.4% per year over the past five years, contributing to a negative return on equity of -2.41%. Recent earnings reports show slight sales decline but improved net loss figures compared to the previous year, indicating some operational improvements amidst ongoing financial challenges.
Next Steps
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Dive into all 71 of the Middle Eastern Penny Stocks we have identified 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:ADNOCGAS DFM:AJMANBANK and TASE:BRAM.
This article was originally published by Simply Wall St .
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