Middle Eastern Penny Stocks: 3 Picks With Market Caps Over US$30M

Apr 27, 2026
middle-eastern-penny-stocks:-3-picks-with-market-caps-over-us$30m

Simply Wall St

4 min read

Despite ongoing geopolitical tensions and economic challenges, most Gulf equities have managed to nudge higher, reflecting resilience in the Middle East markets. The term ‘penny stocks’ might feel like a relic of past market eras, but the potential they represent is as real as ever. Typically referring to smaller or relatively new companies, these stocks can provide a mix of affordability and growth potential when paired with strong financials.

Name

Share Price

Market Cap

Financial Health Rating

Al-Modawat Specialized Medical (SASE:9594)

SAR4.20

SAR299.01M

★★★★☆☆

Thob Al Aseel (SASE:4012)

SAR3.72

SAR1.51B

★★★★★★

Alpha Data PJSC (ADX:ALPHADATA)

AED1.45

AED1.45B

★★★★★☆

Amanat Holdings PJSC (DFM:AMANAT)

AED1.26

AED3.15B

★★★★★☆

Al Wathba National Insurance Company PJSC (ADX:AWNIC)

AED3.10

AED641.7M

★★★★★★

Al Waha Capital PJSC (ADX:WAHA)

AED1.88

AED3.56B

★★★★★☆

Union Properties (DFM:UPP)

AED0.742

AED3.17B

★★★★★☆

Abu Dhabi National Hotels Company PJSC (ADX:ADNH)

AED0.378

AED4.76B

★★★★★★

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

AED1.03

AED632.58M

★★★★★☆

Tgi Infrastructures (TASE:TGI)

₪2.374

₪191.78M

★★★★★★

Click here to see the full list of 77 stocks from our Middle Eastern Penny Stocks screener.

Here’s a peek at a few of the choices from the screener.

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

Overview: Yesil Yatirim Holding Anonim Sirketi operates in Turkey, offering services in technical planning, programming, budgeting, project planning, and financial organization with a market cap of TRY1.06 billion.

Operations: Yesil Yatirim Holding Anonim Sirketi has not reported any specific revenue segments.

Market Cap: TRY1.06B

Yesil Yatirim Holding Anonim Sirketi, operating in Turkey, is a pre-revenue company with a market cap of TRY1.06 billion and no significant revenue streams. Despite being unprofitable, the company reported a reduced net loss of TRY71.62 million for 2025 compared to the previous year. The share price has been highly volatile recently, but shareholders have not faced dilution over the past year. Yesil Yatirim remains debt-free and its short-term assets significantly exceed liabilities, providing financial stability with sufficient cash runway for over three years despite shrinking free cash flow.

IBSE:YESIL Debt to Equity History and Analysis as at Apr 2026

IBSE:YESIL Debt to Equity History and Analysis as at Apr 2026

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

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