Middle Eastern Penny Stocks: 3 Picks With Market Caps Over US$10M

May 4, 2026
middle-eastern-penny-stocks:-3-picks-with-market-caps-over-us$10m

Simply Wall St

4 min read

Middle Eastern stock markets have seen modest gains recently, with UAE indices slightly edging up despite ongoing geopolitical tensions. While the term ‘penny stock’ might sound like a relic from past trading days, it still highlights smaller or less-established companies that can offer significant value. By focusing on those with robust financials and clear growth potential, investors can uncover hidden gems in this often-overlooked segment of the market.

Top 10 Penny Stocks In The Middle East

Name

Share Price

Market Cap

Financial Health Rating

Al-Modawat Specialized Medical (SASE:9594)

SAR4.30

SAR306.13M

★★★★☆☆

Alpha Data PJSC (ADX:ALPHADATA)

AED1.49

AED1.49B

★★★★★☆

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

AED1.52

AED228M

★★★★★★

Al Wathba National Insurance Company PJSC (ADX:AWNIC)

AED3.10

AED641.7M

★★★★★★

Dubai Investments PJSC (DFM:DIC)

AED3.86

AED16.41B

★★★★★☆

Al Waha Capital PJSC (ADX:WAHA)

AED1.90

AED3.58B

★★★★★☆

Union Properties (DFM:UPP)

AED0.726

AED3.12B

★★★★★☆

Abu Dhabi National Hotels Company PJSC (ADX:ADNH)

AED0.374

AED4.7B

★★★★★★

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

AED1.01

AED608.25M

★★★★★☆

Tgi Infrastructures (TASE:TGI)

₪2.43

₪190.05M

★★★★★★

Click here to see the full list of 76 stocks from our Middle Eastern Penny Stocks screener.

Here we highlight a subset of our preferred stocks from the screener.

Duran Dogan Basim ve Ambalaj Sanayi

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

Overview: Duran Dogan Basim ve Ambalaj Sanayi A.S., along with its subsidiaries, operates in the packaging industry in Turkey and has a market capitalization of TRY2.43 billion.

Operations: The company generates revenue from its Packaging & Containers segment, amounting to TRY2.56 billion.

Market Cap: TRY2.43B

Duran Dogan Basim ve Ambalaj Sanayi A.S., operating in Turkey’s packaging industry, reported a net loss of TRY287.53 million for 2025, with revenues slightly declining to TRY2.56 billion. Despite its high net debt to equity ratio of 42.9%, the company’s short-term assets cover both short and long-term liabilities, indicating a stable liquidity position. However, interest payments are not well covered by earnings due to ongoing unprofitability and negative return on equity at -19.52%. While debt has decreased significantly over five years, losses have accelerated annually by 29.5%, reflecting financial challenges amidst stable weekly volatility at 6%.

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