Emirati Potentially Undervalued Companies

Emaar Properties PJSC

Market Cap: د.إ127.7b

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

Lulu Retail Holdings

Market Cap: د.إ11.5b

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.

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.

NMDC Energy - P.J.S.C

Market Cap: د.إ11.8b

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

Abu Dhabi Ports Company PJSC

Market Cap: د.إ25.4b

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.إ65.2b

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

Pure Health Holding PJSC

Market Cap: د.إ27.8b

Provides healthcare services in the United Arab Emirates.

Alpha Data PJSC

Market Cap: د.إ1.7b

Offers system integration services.

National Central Cooling Company PJSC

Market Cap: د.إ8.7b

Supplies chilled water in the United Arab Emirates 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.

Talabat Holding

Market Cap: د.إ23.0b

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.

Emirates Driving Company P.J.S.C

Market Cap: د.إ3.4b

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

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 Telecommunications Group Company PJSC

Market Cap: د.إ169.6b

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

Hily Holding PJSC

Market Cap: د.إ302.4m

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

Eshraq Investments PJSC

Market Cap: د.إ1.2b

A private equity firm.

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.

Emirates REIT (CEIC)

Market Cap: US$226.0m

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

ADNOC Gas

Market Cap: د.إ270.1b

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.

Gulf Medical Projects Company (PJSC)

Market Cap: د.إ1.4b

Manages hospitals 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.

Air Arabia PJSC

Market Cap: د.إ24.0b

Provides air travel services.

Mashreqbank PSC

Market Cap: د.إ52.1b

Provides various banking and financial services to individuals and corporates.

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.

Insurance House P.S.C

Market Cap: د.إ58.1m

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

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.إ16.8b

Together with subsidiaries, executes engineering, procurement, and construction contracts, and dredging contracts and related land reclamation works 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.

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.

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.

Depa

Market Cap: د.إ477.5m

Provides interior solutions.

Borouge

Market Cap: د.إ77.4b

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.

Sharjah Cement and Industrial Development (PJSC)

Market Cap: د.إ510.9m

Sharjah Cement and Industrial Development Co.

Alpha Dhabi Holding PJSC

Market Cap: د.إ91.7b

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

Emirates NBD Bank PJSC

Market Cap: د.إ192.7b

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