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    Middle Eastern Penny Stocks With Market Caps Up To US$400M

    Simply Wall St·12/24/2025 03:04:50
    語音播報

    Most Gulf markets have recently gained momentum, buoyed by stabilizing oil prices and expectations of future U.S. Federal Reserve rate cuts. For investors willing to explore beyond the major players, penny stocks—often smaller or newer companies—can present intriguing opportunities. Although the term might seem outdated, these stocks continue to offer a mix of affordability and growth potential when backed by strong financials.

    Top 10 Penny Stocks In The Middle East

    Name Share Price Market Cap Rewards & Risks
    Thob Al Aseel (SASE:4012) SAR3.26 SAR1.3B ✅ 2 ⚠️ 1 View Analysis >
    Alarum Technologies (TASE:ALAR) ₪2.414 ₪173.07M ✅ 2 ⚠️ 3 View Analysis >
    E7 Group PJSC (ADX:E7) AED1.02 AED2.08B ✅ 3 ⚠️ 2 View Analysis >
    Sharjah Insurance Company P.S.C (ADX:SICO) AED1.52 AED228M ✅ 2 ⚠️ 2 View Analysis >
    Al Wathba National Insurance Company PJSC (ADX:AWNIC) AED3.24 AED670.68M ✅ 2 ⚠️ 3 View Analysis >
    Arabian Pipes (SASE:2200) SAR4.91 SAR980M ✅ 3 ⚠️ 0 View Analysis >
    Dubai National Insurance & Reinsurance (P.S.C.) (DFM:DNIR) AED3.22 AED389.24M ✅ 2 ⚠️ 4 View Analysis >
    Dubai Investments PJSC (DFM:DIC) AED3.70 AED15.77B ✅ 2 ⚠️ 3 View Analysis >
    Sharjah Cement and Industrial Development (PJSC) (ADX:SCIDC) AED0.85 AED517.02M ✅ 2 ⚠️ 1 View Analysis >
    Tgi Infrastructures (TASE:TGI) ₪2.58 ₪202.53M ✅ 2 ⚠️ 2 View Analysis >

    Click here to see the full list of 81 stocks from our Middle Eastern Penny Stocks screener.

    We'll examine a selection from our screener results.

    Union Insurance Company P.J.S.C (ADX:UNION)

    Simply Wall St Financial Health Rating: ★★★★★☆

    Overview: Union Insurance Company P.J.S.C. provides insurance products in the United Arab Emirates, Gulf Cooperation Council, and internationally with a market cap of AED276 million.

    Operations: The company's revenue is derived from two main segments: Life Insurance, generating AED19.2 million, and General Insurance, contributing AED214.72 million.

    Market Cap: AED276M

    Union Insurance Company P.J.S.C. has demonstrated significant earnings growth, with a 173.5% increase over the past year, outpacing the broader insurance industry. Despite a low return on equity at 17.9%, its price-to-earnings ratio of 5.6x suggests it may be undervalued compared to the AE market average of 11.7x. The company is debt-free and maintains strong short-term asset coverage but faces challenges with long-term liabilities exceeding AED1 billion not covered by short-term assets of AED717.5 million. Recent earnings were impacted by a large one-off gain, and management remains relatively inexperienced with an average tenure under two years.

    ADX:UNION Debt to Equity History and Analysis as at Dec 2025
    ADX:UNION Debt to Equity History and Analysis as at Dec 2025

    Thob Al Aseel (SASE:4012)

    Simply Wall St Financial Health Rating: ★★★★★★

    Overview: Thob Al Aseel Company engages in the development, import, export, wholesale, and retail of fabrics and readymade clothes with a market cap of SAR1.30 billion.

    Operations: The company's revenue is primarily derived from its Thobs segment at SAR369.43 million and Fabrics segment at SAR129.35 million.

    Market Cap: SAR1.3B

    Thob Al Aseel Company, with a market cap of SAR1.30 billion, operates debt-free and demonstrates stable earnings growth, having increased by 7.2% over the past year. The company’s short-term assets significantly exceed both its short and long-term liabilities, indicating robust financial health. Despite a low return on equity at 15.2%, Thob Al Aseel trades at a substantial discount to its estimated fair value. Recent quarterly results show modest sales growth to SAR81 million and improved net income of SAR5.99 million compared to the previous year, while its dividend history remains unstable amidst an inexperienced board averaging 2.8 years in tenure.

    SASE:4012 Financial Position Analysis as at Dec 2025
    SASE:4012 Financial Position Analysis as at Dec 2025

    PlantArc Bio (TASE:PLNT)

    Simply Wall St Financial Health Rating: ★★★★★★

    Overview: PlantArc Bio Ltd. is an Ag-Bio company focused on crop protection and yield enhancement, with a market cap of ₪7.33 million.

    Operations: The company generates revenue from its Agricultural Biotech segment, amounting to ₪3.07 million.

    Market Cap: ₪7.33M

    PlantArc Bio Ltd., with a market cap of ₪7.33 million, operates debt-free and maintains a cash runway exceeding three years based on current free cash flow. Despite being pre-revenue with less than US$1 million in revenue, the company has reduced losses by 7.6% annually over the past five years and its weekly volatility has decreased significantly from 11% to 6%. Its short-term assets of ₪8 million comfortably cover both short- and long-term liabilities. The management team is seasoned, averaging 5.3 years in tenure, while shareholders have not experienced significant dilution recently.

    TASE:PLNT Debt to Equity History and Analysis as at Dec 2025
    TASE:PLNT Debt to Equity History and Analysis as at Dec 2025

    Turning Ideas Into Actions

    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.