As tensions ease following positive US-Iran talks, most Gulf stocks have risen, supported by upbeat corporate earnings. This optimistic market environment highlights the potential for smaller or newer companies to gain traction and deliver value. Although 'penny stock' is an older term, it still signifies opportunities in these emerging firms when they are backed by strong financials and growth potential.
Top 10 Penny Stocks In The Middle East
| Name |
Share Price |
Market Cap |
Financial Health Rating |
| ADNOC Gas (ADX:ADNOCGAS) |
AED3.71 |
AED285.44B |
★★★★★☆ |
| Thob Al Aseel (SASE:4012) |
SAR3.65 |
SAR1.45B |
★★★★★★ |
| Alarum Technologies (TASE:ALAR) |
₪2.219 |
₪160.64M |
★★★★★☆ |
| E7 Group PJSC (ADX:E7) |
AED1.09 |
AED2.24B |
★★★★★★ |
| 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) |
AED4.32 |
AED18.5B |
★★★★☆☆ |
| Sharjah Cement and Industrial Development (PJSC) (ADX:SCIDC) |
AED0.91 |
AED553.51M |
★★★★★★ |
| Tgi Infrastructures (TASE:TGI) |
₪2.584 |
₪202.84M |
★★★★★★ |
Click here to see the full list of 72 stocks from our Middle Eastern Penny Stocks screener.
Let's uncover some gems from our specialized screener.
Finance House P.J.S.C
Simply Wall St Financial Health Rating:★★★★★☆
Overview:Finance House P.J.S.C. operates in the United Arab Emirates, offering investment, consumer and commercial financing services, with a market cap of AED582.23 million.
Operations:The company's revenue is primarily derived from commercial and retail financing, which accounts for AED102.12 million, followed by investment activities contributing AED11.01 million, and insurance services generating AED4.46 million.
Market Cap:AED582.23M
Finance House P.J.S.C., operating in the UAE, has a market cap of AED582.23 million, with revenue primarily from commercial and retail financing (AED102.12 million). Recent earnings show a decline in quarterly net income to AED2.03 million from AED9.1 million last year, though nine-month figures improved to AED10.96 million from AED8.64 million previously. Despite being unprofitable with a negative return on equity of 3.05%, the company has reduced its debt-to-equity ratio significantly over five years and maintains strong asset coverage for both short and long-term liabilities, supported by seasoned management and board members.
Union Properties
Simply Wall St Financial Health Rating:★★★★★☆
Overview:Union Properties (ticker: DFM:UPP) is a public joint stock company that focuses on property investment and development, with a market capitalization of AED2.63 billion.
Operations:The company's revenue segments include Contracting at AED54.82 million, Goods and Services at AED483.65 million, and Real Estate and Others at AED73.69 million.
Market Cap:AED2.63B
Union Properties, with a market capitalization of AED2.63 billion, shows mixed signals for investors interested in penny stocks. The company has more cash than total debt and its short-term assets cover both short and long-term liabilities, indicating solid financial footing. However, negative earnings growth over the past year contrasts with a forecasted 46.11% annual profit increase. Despite a low price-to-earnings ratio of 7.3x compared to the AE market average of 12.1x, recent large one-off gains have affected financial results significantly, complicating the assessment of earnings quality and stability moving forward.
Oil Refineries
Simply Wall St Financial Health Rating:★★★★☆☆
Overview:Oil Refineries Ltd., with a market cap of ₪3.18 billion, operates in Israel and internationally, producing and selling fuel products, intermediate materials, and aromatic products through its subsidiaries.
Operations:The company generates revenue primarily from its refining segment, which accounts for $5.23 billion, and its polymers segment, contributing $662 million.
Market Cap:₪3.18B
Oil Refineries Ltd., with a market cap of ₪3.18 billion, presents a complex picture for penny stock investors. The company operates under significant debt but has managed to reduce its debt-to-equity ratio from 134.5% to 83.8% over five years, while its operating cash flow covers 34.3% of its debt obligations, indicating some financial resilience despite being currently unprofitable. Recent earnings showed improvement with a net income of US$46 million in Q3 2025 compared to a loss the previous year, yet overall nine-month results reflect ongoing challenges with a net loss of US$22 million amidst declining sales revenue.
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Dive into the specifics of Oil Refineries here with our thorough balance sheet health report.
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Explore historical data to track Oil Refineries' performance over time in our past results report.
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Click here to access our complete index of 72 Middle Eastern Penny Stocks .
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Contemplating Other Strategies? Find companies with promising cash flow potential yet trading below their fair value.
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:FH DFM:UPP and TASE:ORL.
This article was originally published by Simply Wall St .
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