Middle Eastern Penny Stocks To Watch With Market Caps Over US$3M
The Middle Eastern markets have been experiencing gains, particularly in the Gulf region, driven by a rebound in oil prices and anticipation of the Federal Reserve's policy decisions. For investors interested in smaller or newer companies, penny stocks—despite their somewhat outdated terminology—remain an intriguing area of investment. These stocks can offer substantial value when backed by strong financial health, presenting opportunities for growth and stability amidst the evolving market landscape.
Top 10 Penny Stocks In The Middle East
Name
Share Price
Market Cap
Financial Health Rating
Thob Al Aseel (SASE:4012)
SAR3.97
SAR1.59B
★★★★★★
Dna Group (T.R.) (TASE:DNA)
₪0.979
₪120.58M
★★★★★★
Alarum Technologies (TASE:ALAR)
₪2.44
₪170.88M
★★★★★★
Oil Refineries (TASE:ORL)
₪0.901
₪2.8B
★★★★★☆
Tgi Infrastructures (TASE:TGI)
₪2.192
₪162.96M
★★★★★★
Sharjah Cement and Industrial Development (PJSC) (ADX:SCIDC)
AED0.708
AED423.95M
★★★★★★
Dubai National Insurance & Reinsurance (P.S.C.) (DFM:DNIR)
AED3.67
AED423.88M
★★★★★★
Union Insurance Company P.J.S.C (ADX:UNION)
AED0.601
AED198.89M
★★★★★★
E7 Group PJSC (ADX:E7)
AED1.05
AED2.1B
★★★★★★
Dubai Investments PJSC (DFM:DIC)
AED2.36
AED9.99B
★★★★☆☆
Click here to see the full list of 94 stocks from our Middle Eastern Penny Stocks screener.
Let's explore several standout options from the results in the screener.
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Al Waha Capital PJSC is a private equity firm that manages assets across various sectors such as financial services, fintech, healthcare, energy, infrastructure, industrial real estate and capital markets with a market cap of AED2.74 billion.
Operations: The company generated AED150.11 million in revenue from its Private Investments segment, excluding Waha Land.
Market Cap: AED2.74B
Al Waha Capital PJSC, with a market cap of AED2.74 billion, has demonstrated financial prudence by reducing its debt to equity ratio from 106.9% to 65% over five years and maintaining short-term assets that exceed both short- and long-term liabilities. Despite a low return on equity at 8.2%, the company remains profitable with high-quality earnings, although recent net profit margins have declined compared to last year. Its dividend yield of 6.8% is not well covered by free cash flows, but shareholders have not faced dilution recently. Recent earnings showed net income of AED381.28 million for 2024, down from AED440.1 million in the previous year, reflecting challenges in profit growth acceleration amidst negative earnings growth over the past year.
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