Emirati Potentially Undervalued Companies

Emaar Properties PJSC

Market Cap: د.إ120.6b

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

Lulu Retail Holdings

Market Cap: د.إ12.2b

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.إ12.0b

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

Emaar Development PJSC

Market Cap: د.إ59.6b

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

ADNOC Gas

Market Cap: د.إ257.8b

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.إ29.8b

Provides healthcare services in the United Arab Emirates.

Mashreqbank PSC

Market Cap: د.إ48.3b

Provides various banking and financial services to individuals and corporates.

Alpha Data PJSC

Market Cap: د.إ1.6b

Offers system integration services.

Ooredoo Q.P.S.C

Market Cap: د.إ41.3b

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

Dubai Residential REIT

Market Cap: د.إ16.1b

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.

National Central Cooling Company PJSC

Market Cap: د.إ8.5b

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.إ21.2b

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.

Abu Dhabi Ports Company PJSC

Market Cap: د.إ22.8b

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.إ302.4m

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

Emirates Telecommunications Group Company PJSC

Market Cap: د.إ160.0b

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

E7 Group PJSC

Market Cap: د.إ2.1b

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

Dana Gas PJSC

Market Cap: د.إ5.6b

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 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$208.5m

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

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.

Burjeel Holdings

Market Cap: د.إ7.0b

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

Fertiglobe

Market Cap: د.إ20.5b

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

Air Arabia PJSC

Market Cap: د.إ20.6b

Provides air travel services.

NMDC Group PJSC

Market Cap: د.إ17.2b

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

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.

Insurance House P.S.C

Market Cap: د.إ51.2m

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

Agility Public Warehousing Company K.S.C.P

Market Cap: د.إ385.4m

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

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 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.

Union Coop

Market Cap: د.إ3.8b

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

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

Market Cap: د.إ15.4b

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

Eshraq Investments PJSC

Market Cap: د.إ1.4b

A private equity firm.

Depa

Market Cap: د.إ491.1m

Provides interior solutions.

Emirates NBD Bank PJSC

Market Cap: د.إ165.2b

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