Emirati Materials Undervalued over 20% based on DCF

Borouge

Market Cap: د.إ74.5b

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.

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

Market Cap: د.إ480.2m

Manufactures and supplies lime and cement products in the United Arab Emirates and internationally.

Fujairah Cement Industries PJSC

Market Cap: د.إ141.6m

Together with its subsidiary, manufactures and sells clinkers and hydraulic cement, and ready mixed and dry mix concrete and mortars in the United Arab Emirates and internationally.