Emirati Potentially Undervalued Companies

Emaar Properties PJSC

Market Cap: د.إ106.5b

Engages in the property investment, development, and development management business in the United Arab Emirates and internationally.

Emaar Development PJSC

Market Cap: د.إ44.2b

Develops and sells residential and commercial build-to-sell properties in the United Arab Emirates.

National Central Cooling Company PJSC

Market Cap: د.إ7.4b

Supplies chilled water in the United Arab Emirates and internationally.

Emirates Telecommunications Group Company PJSC

Market Cap: د.إ145.1b

Provides telecommunications services, media, and related equipment in the United Arab Emirates and internationally.

Dana Gas PJSC

Market Cap: د.إ5.3b

Engages in the exploration, production, ownership, transportation, processing, distribution, marketing, and sale of natural gas and petroleum related products in the United Arab Emirates, Iraq, and Egypt.

Abu Dhabi National Hotels Company PJSC

Market Cap: د.إ7.1b

Owns and manages hotels in the United Arab Emirates.

Aldar Properties PJSC

Market Cap: د.إ61.3b

Engages in the real estate development, investment, construction, leasing, management, sale, and related services in the United Arab Emirates.

NMDC Energy - P.J.S.C

Market Cap: د.إ11.5b

Provides engineering, procurement, and construction services to offshore and onshore clients in the energy industry.

Ooredoo Q.P.S.C

Market Cap: د.إ38.1b

Engages in the provision of telecommunications services in Qatar, Asia, rest of the Middle East, and North Africa region.

Agthia Group PJSC

Market Cap: د.إ3.4b

Produces and sells food and beverage products in the United Arab Emirates and internationally.

Emirates Driving Company P.J.S.C

Market Cap: د.إ2.6b

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

Modon Holding PSC

Market Cap: د.إ43.0b

Engages in the real estate, hospitality, and investment activities in the United Arab Emirates and internationally.

Gulf Cement Company P.S.C

Market Cap: د.إ293.1m

Produces and markets various types of cement in the United Arab Emirates and internationally.

National Bank of Ras Al-Khaimah (P.S.C.)

Market Cap: د.إ12.7b

Engages in providing retail, Islamic, and commercial banking products, and services to individuals and businesses in the United Arab Emirates.

ENBD REIT (CEIC)

Market Cap: US$133.3m

ENBD REIT (CEIC) PLC - a DIFC Company with registration number 2209 ("the Company" or "ENBD REIT") was incorporated on 18 July 2016.

Orascom Construction

Market Cap: US$611.9m

Operates as an engineering and construction contractor on infrastructure, industrial, and high-end commercial projects in the United States, the Middle East, Africa, and Central Asia.

Abu Dhabi Aviation

Market Cap: د.إ5.7b

Owns and operates helicopters, and rotary and fixed wing aircrafts for civil and military aviation sectors in the United Arab Emirates and internationally.

Sharjah Cement and Industrial Development (PJSC)

Market Cap: د.إ450.1m

Sharjah Cement and Industrial Development Co.

Emirates NBD Bank PJSC

Market Cap: د.إ121.6b

Provides corporate, institutional, retail, treasury, and Islamic banking services.

Depa

Market Cap: د.إ457.0m

Provides interior solutions in the Middle East, North Africa, Europe, Asia, and North America.

Emirates REIT (CEIC)

Market Cap: US$145.3m

Emirates REIT, (Nasdaq Dubai: REIT; ISIN: AEDFXA1XE5D7), is a Dubai-based real estate investment trust investing principally in income-producing real estate in line with Shari'a principles.

Ras Al Khaimah for White Cement & Construction Materials P.S.C

Market Cap: د.إ555.2m

Manufactures and supplies white cement, lime products, and cement products in the United Arab Emirates, the Gulf Cooperation Council countries, India, Jordan, Yemen, and internationally.

Alpha Data PJSC

Market Cap: د.إ1.6b

Offers system integration services.

Investcorp Capital

Market Cap: د.إ3.7b

Operates as an alternative investment company.

Unikai Foods (P.J.S.C)

Market Cap: د.إ241.8m

Engages in the manufacture and sale of various dairy products, juices, ice creams, and other food products in the United Arab Emirates and internationally.

Deyaar Development PJSC

Market Cap: د.إ3.9b

Provides property investment, development, leasing, and management services in the United Arab Emirates and internationally.

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

Market Cap: د.إ2.4b

Engages in manufacture and sale of various ceramic products in the Middle East, Europe, Asian countries, and internationally.

Agility Public Warehousing Company K.S.C.P

Market Cap: د.إ602.4m

Operates as an aviation services company under Agility brand name in the Middle East, Europe, Asia, the United States, and Africa.

Abu Dhabi Ports Company PJSC

Market Cap: د.إ21.3b

Operates in the ports, economic cities and free zones, logistics, maritime, and digital businesses in the United Arab Emirates, rest of the Middle East, Europe, the United States, Asia, and Africa.

Alpha Dhabi Holding PJSC

Market Cap: د.إ108.2b

Engages in the construction, healthcare, real estate, and hospitality businesses in the United Arab Emirates and internationally.

Abu Dhabi Commercial Bank PJSC

Market Cap: د.إ75.1b

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

Borouge

Market Cap: د.إ80.0b

Through its subsidiaries, provides polymer solutions in the People’s Republic of China, India, the United Arab Emirates, Austria, Egypt, Pakistan, Vietnam, Saudi Arabia, Bangladesh, Japan, and internationally.

Lulu Retail Holdings

Market Cap: د.إ12.7b

Operates as a full-line retailer under the LuLu brand in the United Arab Emirates, the Kingdom of Saudi Arabia, Oman, Qatar, Kuwait, Egypt, Bahrain, Egypt, and internationally.

Pure Health Holding PJSC

Market Cap: د.إ29.0b

Provides healthcare services in the United Arab Emirates.

TECOM Group PJSC

Market Cap: د.إ15.2b

Provides property leasing, development, and facilities management and services in the United Arab Emirates.

Manazel PJSC

Market Cap: د.إ829.4m

Engages in the real estate business in the United Arab Emirates.