Emirati Potentially Undervalued Companies

Lulu Retail Holdings

Market Cap: د.إ10.8b

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.

ADNOC Gas

Market Cap: د.إ252.4b

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.

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.

NMDC Energy - P.J.S.C

Market Cap: د.إ12.8b

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

Abu Dhabi Ports Company PJSC

Market Cap: د.إ23.0b

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.إ73.6b

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

Dana Gas PJSC

Market Cap: د.إ6.3b

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.إ27.2b

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

Mashreqbank PSC

Market Cap: د.إ46.3b

Provides various banking and financial services to individuals and corporates.

ADNOC Logistics & Services

Market Cap: د.إ38.5b

Operates as an integrated energy maritime logistics company worldwide.

Dubai Residential REIT

Market Cap: د.إ17.3b

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.إ15.3b

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.إ3.5b

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

Eshraq Investments PJSC

Market Cap: د.إ1.2b

A private equity firm.

Hily Holding PJSC

Market Cap: د.إ294.0m

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

Emaar Properties PJSC

Market Cap: د.إ136.1b

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

Al Firdous Holdings (P.J.S.C.)

Market Cap: د.إ175.2m

Engages in managing and operating hotels and restaurants in the Kingdom of Saudi Arabia.

Emirates Telecommunications Group Company PJSC

Market Cap: د.إ167.8b

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

National Corporation for Tourism and Hotels

Market Cap: د.إ3.5b

Owns, manages, and invests in hotels and leisure complexes in the United Arab Emirates and internationally.

Emirates REIT (CEIC)

Market Cap: US$226.0m

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

Alpha Dhabi Holding PJSC

Market Cap: د.إ86.7b

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

Spinneys 1961 Holding

Market Cap: د.إ5.1b

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.

Manazel PJSC

Market Cap: د.إ741.0m

Engages in the real estate business in the United Arab Emirates.

Gulf Medical Projects Company (PJSC)

Market Cap: د.إ1.4b

Manages hospitals in the United Arab Emirates.

Emirates Central Cooling Systems

Market Cap: د.إ17.0b

Provides district cooling services 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.

ADNH Catering

Market Cap: د.إ1.7b

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.

Abu Dhabi National Takaful Company PSC

Market Cap: د.إ561.8m

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

Abu Dhabi National Hotels Company PJSC

Market Cap: د.إ6.2b

Owns and manages hotels in the United Arab Emirates.

First Abu Dhabi Bank P.J.S.C

Market Cap: د.إ205.9b

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

Two Point Zero Group P.J.S.C

Market Cap: د.إ21.3b

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

NMDC Group PJSC

Market Cap: د.إ16.9b

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.

Fujairah Building Industries P.J.S.C

Market Cap: د.إ369.9m

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

Agility Public Warehousing Company K.S.C.P

Market Cap: د.إ339.5m

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

National Central Cooling Company PJSC

Market Cap: د.إ8.2b

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