Emirati Potentially Undervalued Companies

Emaar Properties PJSC

Market Cap: د.إ107.8b

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

Emaar Development PJSC

Market Cap: د.إ56.4b

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

Ooredoo Q.P.S.C

Market Cap: د.إ42.9b

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

Dana Gas PJSC

Market Cap: د.إ6.5b

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.

Emirates Central Cooling Systems

Market Cap: د.إ16.5b

Provides district cooling services in the United Arab Emirates.

Fertiglobe

Market Cap: د.إ23.0b

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

Burjeel Holdings

Market Cap: د.إ6.0b

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

NMDC Group PJSC

Market Cap: د.إ18.6b

Together with subsidiaries, executes engineering, procurement, and construction contracts, and dredging contracts and associated land reclamation works in the territorial waters of United Arab Emirates, Saudi Arabia, Taiwan, Egypt, Bahrain, India, and internationally.

Two Point Zero Group P.J.S.C

Market Cap: د.إ24.9b

Operates in consumer, energy, investments and asset management, and mining activities.

NMDC Energy - P.J.S.C

Market Cap: د.إ14.5b

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

Emirates Mobility Company P.J.S.C

Market Cap: د.إ4.2b

Emirates Driving Company P.J.S.C. provides automotive and mobility solutions in the United Arab Emirates.

Dubai Residential REIT

Market Cap: د.إ16.4b

A Shariah-compliant, income-generating, closed-end real estate investment trust, and the GCC’s largest (in terms of Gross Asset Value) and first pure-play residential leasing REIT, managed by DHAM REIT Management.

National Corporation for Tourism and Hotels

Market Cap: د.إ3.3b

Owns, manages, and invests in hotels and leisure complexes 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.

ENBD REIT (CEIC)

Market Cap: US$130.0m

ENPD REIT (CEIC) PLC is a Sharia-compliant real estate investment trust.

Hily Holding PJSC

Market Cap: د.إ235.2m

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

Spinneys 1961 Holding

Market Cap: د.إ4.6b

Through its subsidiaries, engages in the operation of supermarkets under the Spinneys, Waitrose, and Al Fair brands in the United Arab Emirates, the Sultanate of Oman, the Kingdom of Saudi Arabia, and internationally.

Alpha Dhabi Holding PJSC

Market Cap: د.إ79.8b

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

Orascom Construction

Market Cap: د.إ6.0b

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

Emirates REIT (CEIC)

Market Cap: US$190.7m

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

Borouge

Market Cap: د.إ76.0b

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.

ADNOC Gas

Market Cap: د.إ263.9b

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.

Pure Health Holding PJSC

Market Cap: د.إ25.0b

Operates healthcare platform to provides health care services in the United Arab Emirates, the United States, the United Kingdom, Greece, and Cyprus.

ADNH Catering

Market Cap: د.إ1.5b

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.

ALEC Holdings PJSC

Market Cap: د.إ7.5b

Operates as a construction company in the United Arab Emirates.

RAK Properties PJSC

Market Cap: د.إ3.3b

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

Abu Dhabi National Takaful Company PSC

Market Cap: د.إ534.5m

Provides takaful insurance solutions in the United Arab Emirates and internationally.

Sawaeed Holding P.J.S.C

Market Cap: د.إ346.5m

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

Fujairah Cement Industries PJSC

Market Cap: د.إ139.1m

Together with its subsidiary, manufactures and sells clinkers and hydraulic cement, and ready mixed and dry mix concrete and mortars in the United Arab Emirates and internationally.

Fujairah Building Industries P.J.S.C

Market Cap: د.إ428.4m

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

Palms Sports PJSC

Market Cap: د.إ1.2b

Provides sports training programs for Jiu-Jitsu and other sports in the United Arab Emirates.

National Central Cooling Company PJSC

Market Cap: د.إ7.6b

Supplies chilled water in the United Arab Emirates, Saudi Arabia, Egypt, Oman, Bahrain, India, and internationally.

Union Properties

Market Cap: د.إ3.0b

Invests in and develops properties.

EMSTEEL Building Materials PJSC

Market Cap: د.إ7.8b

Engages in the operation, trading, and investing in industrial projects and commercial businesses involved in the building materials and steel sectors in the United Arab Emirates.

Dubai Financial Market P.J.S.C

Market Cap: د.إ12.0b

Provides investors and market participants with products and services for trading, clearing, settlement, and depository of securities.

Sagasse Investment

Market Cap: د.إ3.0b

Engages in holding the ownership of equity and non-equity assets.