Bahraini Undervalued over 20% based on DCF

National Bank of Bahrain B.S.C

Market Cap: ب.د1.1b

Provides retail and wholesale commercial banking, treasury and investment, and investment advisory services in the GCC countries, the United States, Europe, and internationally.

Bank of Bahrain and Kuwait B.S.C

Market Cap: ب.د901.7m

Provides various commercial banking products and services in Bahrain, Kuwait, and India.

Al Salam Bank B.S.C

Market Cap: ب.د633.8m

Provides banking products and services to retail, private, and corporate customers in Bahrain and Seychelles.

Gulf Hotels Group B.S.C

Market Cap: ب.د88.0m

Owns, operates, and manages hotels and restaurants.

Khaleeji Bank B.S.C

Market Cap: ب.د86.6m

Provides various banking products and services to high-net-worth individuals, families, and corporations in the Kingdom of Bahrain.

Solidarity Bahrain B.S.C

Market Cap: ب.د73.1m

Provides insurance products in Bahrain.

Arab Insurance Group (B.S.C.)

Market Cap: US$188.2m

Provides life and non-life reinsurance products and related services in the Afro Asia region.

Bahrain Kuwait Insurance Company B.S.C

Market Cap: ب.د61.9m

Together with its subsidiary, engages in the general insurance business in Bahrain, the United Arab Emirates, Saudi Arabia, Kuwait, Qatar, Oman, and internationally.

Esterad Investment Company BSC

Market Cap: ب.د33.9m

A publicly owned investment manager.

Bahrain Flour Mills Company B.S.C

Market Cap: ب.د9.1m

Engages in the production and sale of flour and related products in the Kingdom of Bahrain and the Kingdom of Saudi Arabia.