3 Middle Eastern Penny Stocks With At Least US$50M Market Cap

Dec 22, 2025
3-middle-eastern-penny-stocks-with-at-least-us$50m-market-cap

Simply Wall St

4 min read

The Middle Eastern stock markets have shown mixed performances recently, with Dubai rebounding as oil prices ticked up and investors focused on the Federal Reserve’s rate path. Despite the vintage feel of the term ‘penny stock,’ these smaller or newer companies can still present valuable opportunities for investors, particularly when they are built on solid financials. This article explores three such penny stocks in the Middle East that combine balance sheet strength with potential for growth, offering a chance to uncover hidden value in quality companies.

Name

Share Price

Market Cap

Financial Health Rating

Thob Al Aseel (SASE:4012)

SAR3.29

SAR1.32B

★★★★★★

Alarum Technologies (TASE:ALAR)

₪2.495

₪178.88M

★★★★★☆

E7 Group PJSC (ADX:E7)

AED1.02

AED2.08B

★★★★★★

Sharjah Insurance Company P.S.C (ADX:SICO)

AED1.52

AED228M

★★★★★★

Al Wathba National Insurance Company PJSC (ADX:AWNIC)

AED3.24

AED670.68M

★★★★★★

Arabian Pipes (SASE:2200)

SAR4.91

SAR982M

★★★★★★

Dubai National Insurance & Reinsurance (P.S.C.) (DFM:DNIR)

AED3.22

AED386.93M

★★★★★★

Dubai Investments PJSC (DFM:DIC)

AED3.70

AED15.86B

★★★★☆☆

Sharjah Cement and Industrial Development (PJSC) (ADX:SCIDC)

AED0.871

AED523.71M

★★★★★★

Tgi Infrastructures (TASE:TGI)

₪2.553

₪200.41M

★★★★★★

Click here to see the full list of 80 stocks from our Middle Eastern Penny Stocks screener.

Let’s uncover some gems from our specialized screener.

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

Overview: Apex Investment PSC manufactures, distributes, and sells clinkers and cement products in the United Arab Emirates and internationally, with a market cap of AED13.50 billion.

Operations: The company’s revenue is primarily derived from its Catering segment at AED594.16 million, followed by Manufacturing at AED238.21 million, Facility Management Services at AED110.42 million, Contracting at AED28.73 million, and Investments contributing AED0.13 million.

Market Cap: AED13.5B

Apex Investment PSC, with a market cap of AED13.50 billion, shows significant growth in its earnings over the past year, far exceeding industry averages. Despite reporting a net loss of AED 17.16 million in Q3 2025 due to a large one-off loss of AED29.2 million, the company remains debt-free and has strong asset coverage for both short-term and long-term liabilities. Its revenue streams are diverse, primarily from catering and manufacturing segments. Apex’s board is experienced with an average tenure of 3.8 years, yet its return on equity remains low at 3.8%.


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