Emirati Undiscovered Gems With Strong Fundamentals

Al Wathba National Insurance Company PJSC

Market Cap: د.إ662.4m

Engages in general insurance and reinsurance business in the United Arab Emirates and internationally.

Sharjah Cement and Industrial Development (PJSC)

Market Cap: د.إ644.7m

Sharjah Cement and Industrial Development Co.

Depa

Market Cap: د.إ477.5m

Provides interior solutions.

Al Dhafra Insurance Company P.S.C

Market Cap: د.إ558.0m

Engages in the insurance business in the United Arab Emirates and GCC countries.

ESG Emirates Stallions Group PJSC

Market Cap: د.إ3.5b

Engages in the investment, construction, and real estate sectors in the Middle East, Africa, Asia, Europe, and the Americas.

Bank Of Sharjah P.J.S.C

Market Cap: د.إ3.9b

Provides commercial and investment banking products and services in the United Arab Emirates.

Dubai National Insurance & Reinsurance (P.S.C.)

Market Cap: د.إ375.4m

Dubai National Insurance & Reinsurance Co.

Emirates Reem Investments Company P.J.S.C

Market Cap: د.إ825.3m

Engages in the bottling, distribution, and trading of mineral water, carbonated drinks, soft drinks, juices, and evaporated milk in the United Arab Emirates, rest of the Middle East, and Africa.

Gulf Medical Projects Company (PJSC)

Market Cap: د.إ1.6b

Manages hospitals in the United Arab Emirates.

Al Ramz Corporation Investment and Development P.J.S.C

Market Cap: د.إ874.4m

A financial institution, engages in the provision of asset management, corporate finance, brokerage, lending, security margins, market making, liquidity providing, public offering management, and financial research services in the United Arab Emirates.

Al Waha Capital PJSC

Market Cap: د.إ4.0b

Al Waha Capital PJSC, formerly known as Oasis International Leasing Company P.J.S.C is a private equity firm focuses on Emerging markets or growth investments.

Ras Al Khaimah National Insurance Company P.S.C

Market Cap: د.إ405.1m

Ras Al Khaimah National Insurance Company P.S.C.

Amlak Finance PJSC

Market Cap: د.إ2.4b

Engages in real estate financing and investment activities in the Middle East.

Dubai Insurance Company (P.S.C.)

Market Cap: د.إ1.6b

Provides various insurance products for individuals and corporates in the United Arab Emirates.

Alpha Data PJSC

Market Cap: د.إ1.5b

Offers system integration services.

Dubai Refreshment (P.J.S.C.)

Market Cap: د.إ2.0b

Operates as a food and beverage manufacturing and distribution company in the United Arab Emirates and internationally.

Abu Dhabi National Insurance Company PJSC

Market Cap: د.إ4.5b

Provides various insurance and reinsurance products to individuals and corporates in the United Arab Emirates and internationally.

Fujairah Building Industries P.J.S.C

Market Cap: د.إ387.6m

Manufactures and sells concrete products in the United Arab Emirates and internationally.

Emirates Insurance Company P.J.S.C

Market Cap: د.إ1.0b

Engages in writing general insurance and reinsurance in the United Arab Emirates, the United States, and Europe.

National Cement Company (Public Shareholding)

Market Cap: د.إ1.5b

Engages in the manufacture and sale of cement and related products in the United Arab Emirates and internationally.

MAIR Group - P.J.S.C

Market Cap: د.إ2.5b

Imports and sells foodstuffs, household equipment, and general retail items in the United Arab Emirates.

Sukoon Insurance PJSC

Market Cap: د.إ2.2b

Engages in the insurance business in the United Arab Emirates, Sultanate of Oman, State of Qatar, England, Wales, the United Kingdom, GCC countries, and internationally.

Commercial Bank International P.J.S.C

Market Cap: د.إ1.5b

Provides banking products and services to individuals and businesses in the United Arab Emirates and internationally.

Amanat Holdings PJSC

Market Cap: د.إ3.2b

Engages in the investment in companies and enterprises in the fields of education and healthcare in the United Arab Emirates and internationally.

Ajman Bank PJSC

Market Cap: د.إ4.3b

Provides various banking products and services for individuals, businesses, and government institutions in the United Arab Emirates.

United Arab Bank P.J.S.C

Market Cap: د.إ4.5b

Together with its subsidiary, provides commercial banking products and services for individual and corporate customers in the United Arab Emirates.

Gulf Pharmaceutical Industries P.S.C

Market Cap: د.إ1.3b

Manufactures and sells medicines, drugs, and various other types of pharmaceutical, cosmetic, and medical compounds in United Arab Emirates, other GCC countries, and internationally.

Emirates Driving Company P.J.S.C

Market Cap: د.إ3.9b

Manages and develops motor vehicles driving training in the United Arab Emirates.

Union Properties

Market Cap: د.إ3.8b

Invests in and develops properties.

ADNH Catering

Market Cap: د.إ1.7b

ADNH Catering PLC, food services company, engages in the provision of catering and support services in the United Arab Emirates and the Kingdom of Saudi Arabia.

RAK Properties PJSC

Market Cap: د.إ4.3b

Engages in the investment, development, and management of real estate properties in the United Arab Emirates.

Burjeel Holdings

Market Cap: د.إ6.8b

Owns and operates multi-specialty hospitals and medical centers in the United Arab Emirates, the Sultanate of Oman, and the Kingdom of Saudi Arabia.

R.A.K. Ceramics P.J.S.C

Market Cap: د.إ2.6b

Engages in the manufacture and sale of various ceramic products in the United Arab Emirates, Europe, India, Saudi Arabia, Bangladesh, rest of Middle East countries, and internationally.