Emirati Potentially Undervalued Companies

Dana Gas PJSC

Market Cap: د.إ5.3b

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.

Emaar Properties PJSC

Market Cap: د.إ126.4b

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

Emaar Development PJSC

Market Cap: د.إ55.8b

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

Lulu Retail Holdings

Market Cap: د.إ13.0b

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.

Pure Health Holding PJSC

Market Cap: د.إ31.8b

Provides healthcare services in the United Arab Emirates.

Ooredoo Q.P.S.C

Market Cap: د.إ40.5b

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

NMDC Energy - P.J.S.C

Market Cap: د.إ12.2b

Provides engineering, procurement, and construction services to offshore and onshore clients in the energy industry.

Agthia Group PJSC

Market Cap: د.إ3.5b

Operates in the food and beverages in the United Arab Emirates and internationally.

Emirates Driving Company P.J.S.C

Market Cap: د.إ3.1b

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

ENBD REIT (CEIC)

Market Cap: US$137.5m

ENBD REIT (CEIC) PLC (“ENBD REIT”),the Shari'a compliant real estate investment trust managed by Emirates NBD Asset Management Limited, announces its financial results for the third quarter ended 31 December 2024.

Abu Dhabi Ports Company PJSC

Market Cap: د.إ21.1b

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.

Modon Holding PSC

Market Cap: د.إ56.4b

Engages in the real estate, hospitality, and investment activities in the United Arab Emirates and internationally.

E7 Group PJSC

Market Cap: د.إ2.3b

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

Emirates Telecommunications Group Company PJSC

Market Cap: د.إ156.2b

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

Orascom Construction

Market Cap: US$786.0m

Operates as an engineering and construction contractor for infrastructure, complex industrial, and high-end commercial projects in the United States, the Middle East, Africa, and Central Asia.

Emirates REIT (CEIC)

Market Cap: US$206.9m

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

Depa

Market Cap: د.إ436.5m

Provides interior solutions.

Sharjah Cement and Industrial Development (PJSC)

Market Cap: د.إ486.6m

Sharjah Cement and Industrial Development Co.

Spinneys 1961 Holding

Market Cap: د.إ5.3b

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.

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.

Ras Al Khaimah for White Cement & Construction Materials P.S.C

Market Cap: د.إ570.2m

Manufactures and supplies white cement, lime products, and cement products in the United Arab Emirates, the Gulf Cooperation Council countries, India, Jordan, Yemen, and internationally.

Mashreqbank PSC

Market Cap: د.إ48.5b

Provides various banking and financial services to individuals and corporates.

Alpha Data PJSC

Market Cap: د.إ1.8b

Offers system integration services.

Investcorp Capital

Market Cap: د.إ3.6b

Operates as an alternative investment company.

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

Market Cap: د.إ1.7b

Engages in bottling and selling Pepsi Cola International products in the United Arab Emirates and internationally.

National Cement Company (Public Shareholding)

Market Cap: د.إ1.7b

Engages in the manufacture and sale of cement and related products in the United Arab Emirates and internationally.

Unikai Foods (P.J.S.C)

Market Cap: د.إ236.9m

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.إ382.9m

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

R.A.K. Ceramics P.J.S.C

Market Cap: د.إ2.6b

Engages in manufacture and sale of various ceramic products in the Middle East, Europe, Asian countries, and internationally.

Deyaar Development PJSC

Market Cap: د.إ4.5b

Provides property investment, development, leasing, and management services in the United Arab Emirates and internationally.

Talabat Holding

Market Cap: د.إ31.7b

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.

National Central Cooling Company PJSC

Market Cap: د.إ8.2b

Supplies chilled water in the United Arab Emirates and internationally.

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

Market Cap: د.إ14.7b

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

Borouge

Market Cap: د.إ78.1b

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.