Emirati Potentially Undervalued Companies

Emaar Properties PJSC

Market Cap: د.إ126.4b

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

Lulu Retail Holdings

Market Cap: د.إ11.4b

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.

NMDC Energy - P.J.S.C

Market Cap: د.إ11.9b

Provides engineering, procurement, and construction services to offshore and onshore oil and gas fields.

Ooredoo Q.P.S.C

Market Cap: د.إ42.6b

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

Emirates Telecommunications Group Company PJSC

Market Cap: د.إ164.9b

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

Abu Dhabi Ports Company PJSC

Market Cap: د.إ24.3b

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.

Emaar Development PJSC

Market Cap: د.إ64.0b

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

Pure Health Holding PJSC

Market Cap: د.إ27.1b

Provides healthcare services in the United Arab Emirates.

Alpha Data PJSC

Market Cap: د.إ1.7b

Offers system integration services.

Emirates Driving Company P.J.S.C

Market Cap: د.إ3.4b

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

Talabat Holding

Market Cap: د.إ22.4b

Operates as an on-demand online food ordering, delivery, takeaway and groceries, and convenience retail marketplace in the United Arab Emirates, Kuwait, Qatar, Bahrain, Egypt, Oman, Jordan, Iraq, and internationally.

Dubai Residential REIT

Market Cap: د.إ16.1b

Dubai Residential REIT stands at the forefront of Dubai’s residential leasing sector, managing one of the city’s most diverse portfolios as part of Dubai Holding Asset Management.

Eshraq Investments PJSC

Market Cap: د.إ1.2b

A private equity firm.

Hily Holding PJSC

Market Cap: د.إ302.4m

Manages securities portfolios in the United Arab Emirates, the Kingdom of Saudi Arabia, Kuwait, and Bahrain.

ENBD REIT (CEIC)

Market Cap: US$121.3m

ENBD REIT (CEIC) PLC (“ENBD REIT”), the Shariah compliant real estate investment trust managed by Emirates NBD Asset Management Limited, announces its financial results for the first quarter of the financial year ended 30th June 2025.

Emirates REIT (CEIC)

Market Cap: US$226.0m

Emirates REIT is the UAE largest listed Sharia compliant Real Estate Investment Trust (REIT).

Abu Dhabi Aviation

Market Cap: د.إ5.8b

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

Dana Gas PJSC

Market Cap: د.إ6.2b

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.

Gulf Medical Projects Company (PJSC)

Market Cap: د.إ1.4b

Manages hospitals in the United Arab Emirates.

ADNOC Gas

Market Cap: د.إ268.6b

Engages in the processing of associated and non-associated gas from onshore oil and gas productions and transmission of related products in the United Arab Emirates.

Sawaeed Holding P.J.S.C

Market Cap: د.إ346.5m

Provides manpower recruitment and outsourcing services in the United Arab Emirates.

Mashreqbank PSC

Market Cap: د.إ52.1b

Provides various banking and financial services to individuals and corporates.

Air Arabia PJSC

Market Cap: د.إ24.0b

Provides air travel services.

Fertiglobe

Market Cap: د.إ20.4b

Produces and sells nitrogen-based products in Europe, North and South America, Africa, the Middle East, Asia, and Oceania.

Alef Education Holding

Market Cap: د.إ7.5b

Together with its subsidiary, provides AI-powered learning solutions in the United Arab Emirates, Indonesia, the United States, and the Kingdom of Saudi Arabia.

NMDC Group PJSC

Market Cap: د.إ16.7b

Together with subsidiaries, executes engineering, procurement, and construction contracts, and dredging contracts and related land reclamation works in the United Arab Emirates and internationally.

Insurance House P.S.C

Market Cap: د.إ58.1m

Provides various non-life insurance solutions in the United Arab Emirates.

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

Market Cap: د.إ1.8b

Engages in bottling and selling Pepsi Cola International products in the United Arab Emirates and internationally.

Unikai Foods (P.J.S.C)

Market Cap: د.إ237.7m

Manufactures and sells dairy, juices, and ice cream products in the United Arab Emirates, Oman, and internationally.

National Central Cooling Company PJSC

Market Cap: د.إ8.8b

Supplies chilled water in the United Arab Emirates and internationally.

National Cement Company (Public Shareholding)

Market Cap: د.إ1.7b

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

Agility Public Warehousing Company K.S.C.P

Market Cap: د.إ347.1m

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

E7 Group PJSC

Market Cap: د.إ2.1b

Engages in commercial printing, packaging, and distribution business in the United Arab Emirates.

Union Coop

Market Cap: د.إ3.8b

Union Coop establishes and manages hypermarkets and consumer cooperatives in the United Arab Emirates.

Depa

Market Cap: د.إ477.5m

Provides interior solutions.

Sharjah Cement and Industrial Development (PJSC)

Market Cap: د.إ514.0m

Sharjah Cement and Industrial Development Co.