Emirati Potentially Undervalued Companies

Emaar Properties PJSC

Market Cap: د.إ116.7b

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

Lulu Retail Holdings

Market Cap: د.إ12.1b

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.

Emaar Development PJSC

Market Cap: د.إ57.6b

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

Ooredoo Q.P.S.C

Market Cap: د.إ40.8b

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.

E7 Group PJSC

Market Cap: د.إ2.0b

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

Dana Gas PJSC

Market Cap: د.إ5.4b

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.

Pure Health Holding PJSC

Market Cap: د.إ28.3b

Provides healthcare services in the United Arab Emirates.

Fertiglobe

Market Cap: د.إ20.2b

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

Alpha Data PJSC

Market Cap: د.إ1.6b

Offers system integration services.

Mashreqbank PSC

Market Cap: د.إ48.1b

Provides various banking and financial services to individuals and corporates.

National Central Cooling Company PJSC

Market Cap: د.إ8.6b

Supplies chilled water in the United Arab Emirates and internationally.

Emirates Driving Company P.J.S.C

Market Cap: د.إ3.3b

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

Talabat Holding

Market Cap: د.إ20.8b

Operates 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, and Iraq.

Dubai Residential REIT

Market Cap: د.إ16.0b

Dubai Residential, a leading name in Dubai’s residential leasing market, manages one of the city’s largest and most varied portfolios under Dubai Holding Asset Management.

Emirates Telecommunications Group Company PJSC

Market Cap: د.إ155.8b

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

Abu Dhabi Ports Company PJSC

Market Cap: د.إ21.9b

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.

Hily Holding PJSC

Market Cap: د.إ300.0m

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

Emirates NBD Bank PJSC

Market Cap: د.إ155.1b

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

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.

Emirates REIT (CEIC)

Market Cap: US$199.4m

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

ADNOC Gas

Market Cap: د.إ250.9b

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.

Gulf Medical Projects Company (PJSC)

Market Cap: د.إ1.4b

Manages hospitals in the United Arab Emirates.

Al Mal Capital PSC - Al Mal Capital REIT

Market Cap: د.إ534.4m

Al Mal Capital PSC - Al Mal Capital REIT is real estate investment fund invests in a diversified portfolio of income generating real estate assets.

First Abu Dhabi Bank P.J.S.C

Market Cap: د.إ174.8b

Provides various banking products and services in the United Arab Emirates, Europe, Arab countries, the Americas, Asia, and internationally.

Dubai Taxi Company P.J.S.C

Market Cap: د.إ6.4b

A taxi company, provides passenger transportation services for individuals and businesses in the United Arab Emirates.

Air Arabia PJSC

Market Cap: د.إ20.2b

Provides air travel services.

Sawaeed Holding P.J.S.C

Market Cap: د.إ346.5m

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

Insurance House P.S.C

Market Cap: د.إ51.2m

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

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

Market Cap: د.إ2.0b

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.

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.

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.

Agility Public Warehousing Company K.S.C.P

Market Cap: د.إ365.0m

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

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

Market Cap: د.إ15.2b

Engages in providing retail, Islamic, and commercial banking products, and services to individuals and businesses 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.