Middle Eastern Market Movers: QUA Granite Hayal Yapi ve Ürünleri Sanayi Ticaret And 2 Promising Penny Stocks

Jan 16, 2026
middle-eastern-market-movers:-qua-granite-hayal-yapi-ve-urunleri-sanayi-ticaret-and-2-promising-penny-stocks

Simply Wall St

4 min read

The Middle Eastern stock markets have recently been mixed, with investor sentiment swayed by geopolitical uncertainties and profit-taking activities. Despite these challenges, the region remains a fertile ground for discovering potential investment opportunities, particularly in smaller or less-established companies often referred to as penny stocks. While the term “penny stocks” might seem outdated, it still signifies companies that can offer substantial value when backed by robust financials and a clear growth path.

Name

Share Price

Market Cap

Financial Health Rating

Al-Modawat Specialized Medical (SASE:9594)

SAR4.48

SAR318.86M

★★★★★☆

Thob Al Aseel (SASE:4012)

SAR3.30

SAR1.32B

★★★★★★

E7 Group PJSC (ADX:E7)

AED1.02

AED2.06B

★★★★★★

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

AED1.52

AED228M

★★★★★★

Al Wathba National Insurance Company PJSC (ADX:AWNIC)

AED3.50

AED724.5M

★★★★★★

Arabian Pipes (SASE:2200)

SAR4.81

SAR962M

★★★★★★

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

AED3.25

AED384.62M

★★★★★★

Dubai Investments PJSC (DFM:DIC)

AED3.57

AED15.22B

★★★★☆☆

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

AED0.845

AED513.97M

★★★★★★

Tgi Infrastructures (TASE:TGI)

₪2.645

₪207.63M

★★★★★★

Click here to see the full list of 75 stocks from our Middle Eastern Penny Stocks screener.

Let’s take a closer look at a couple of our picks from the screened companies.

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

Overview: QUA Granite Hayal Yapi ve Ürünleri Sanayi Ticaret A.S. operates in the manufacturing and sale of granite products, with a market capitalization of TRY6.94 billion.

Operations: The company generates revenue primarily from its construction materials segment, totaling TRY7.80 billion.

Market Cap: TRY6.94B

QUA Granite Hayal Yapi ve Ürünleri Sanayi Ticaret A.S. operates with a market cap of TRY6.94 billion and reported third-quarter sales of TRY2.49 billion, an increase from the previous year, yet remains unprofitable with a net loss of TRY91.1 million. Despite its high volatility and negative return on equity, the company’s debt is well-covered by operating cash flow, though interest payments are not fully supported by earnings. The firm trades significantly below its estimated fair value but faces challenges such as an inexperienced board and high net debt to equity ratio at 43.9%.


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