Emirati Potentially Undervalued Companies

Emaar Properties PJSC

Market Cap: د.إ125.5b

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.

National Central Cooling Company PJSC

Market Cap: د.إ8.6b

Supplies chilled water in the United Arab Emirates and internationally.

E7 Group PJSC

Market Cap: د.إ2.2b

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

Emaar Development PJSC

Market Cap: د.إ59.6b

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

Pure Health Holding PJSC

Market Cap: د.إ31.2b

Provides healthcare services in the United Arab Emirates.

Mashreqbank PSC

Market Cap: د.إ48.0b

Provides various banking and financial services to individuals and corporates.

Alpha Data PJSC

Market Cap: د.إ1.8b

Offers system integration services.

Ooredoo Q.P.S.C

Market Cap: د.إ43.4b

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

Alef Education Holding

Market Cap: د.إ6.8b

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 Energy - P.J.S.C

Market Cap: د.إ12.5b

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

Talabat Holding

Market Cap: د.إ22.3b

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.إ16.1b

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.

Abu Dhabi Ports Company PJSC

Market Cap: د.إ23.3b

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.

Emirates Telecommunications Group Company PJSC

Market Cap: د.إ168.7b

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

Eshraq Investments PJSC

Market Cap: د.إ1.2b

A private equity firm.

Dana Gas PJSC

Market Cap: د.إ5.8b

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.

Spinneys 1961 Holding

Market Cap: د.إ5.8b

Through its subsidiaries, operates 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.

Abu Dhabi Aviation

Market Cap: د.إ6.0b

Owns and operates helicopters, and rotary and fixed wing aircrafts for civil and military aviation sectors in the United Arab Emirates and internationally.

Depa

Market Cap: د.إ518.4m

Provides interior solutions.

Emirates REIT (CEIC)

Market Cap: US$169.3m

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

Sharjah Cement and Industrial Development (PJSC)

Market Cap: د.إ501.8m

Sharjah Cement and Industrial Development Co.

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.

NMDC Group PJSC

Market Cap: د.إ20.2b

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.إ1.8b

Engages in bottling and selling Pepsi Cola International products in the United Arab Emirates 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.إ385.4m

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

Emirates Driving Company P.J.S.C

Market Cap: د.إ3.4b

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

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

Market Cap: د.إ15.6b

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

Borouge

Market Cap: د.إ75.0b

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.

Emirates NBD Bank PJSC

Market Cap: د.إ177.5b

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

Alpha Dhabi Holding PJSC

Market Cap: د.إ100.2b

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

Manazel PJSC

Market Cap: د.إ780.0m

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

Al Mal Capital PSC - Al Mal Capital REIT

Market Cap: د.إ488.2m

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