Saudi Arabian Undervalued over 20% based on DCF

ACWA Power

Market Cap: ر.س161.2b

Engages in the investment, development, operation, and maintenance of power generation, water desalination, and green hydrogen production plants in the Kingdom of Saudi Arabia, the Middle East, Asia, and Africa.

Saudi Electricity

Market Cap: ر.س61.5b

Generates, transmits, and distributes electricity in the Kingdom of Saudi Arabia.

Almarai

Market Cap: ر.س47.9b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

Dar Al Arkan Real Estate Development

Market Cap: ر.س20.6b

Primarily engages in the development, management, lease, and sale of real estate projects and associated activities in the Kingdom of Saudi Arabia.

Yanbu National Petrochemical

Market Cap: ر.س17.2b

Manufactures and sells petrochemical products in the Kingdom of Saudi Arabia, the United States, Africa, the Middle East, Europe, and Asia.

Jamjoom Pharmaceuticals Factory

Market Cap: ر.س11.4b

Manufactures and markets pharmaceutical products in the Kingdom of Saudi Arabia and internationally.

MBC Group

Market Cap: ر.س10.4b

Operates as a media and entertainment company in the United Arab Emirates, Saudi Arabia, Egypt, Iraq, North Africa, and internationally.

Taiba Investment

Market Cap: ر.س10.4b

Invests in, buys, owns, develops, sells, leases, operates, maintains, markets, and manages real estate properties in the Kingdom of Saudi Arabia.

Saudia Dairy & Foodstuff

Market Cap: ر.س8.4b

Produces and distributes of dairy products, beverages, and various foodstuffs in the Kingdom of Saudi Arabia, Poland, and rest of other Gulf and Arab countries.

Almoosa Health

Market Cap: ر.س7.8b

Operates as a private healthcare provider in Saudi Arabia.

Seera Holding Group

Market Cap: ر.س7.0b

Provides travel and tourism services in the Kingdom of Saudi Arabia, the United Kingdom, Egypt, the United Arab Emirates, Spain, and Kuwait.

Arabian Drilling

Market Cap: ر.س6.7b

Operates as an onshore and offshore gas and oil rig drilling company in Saudi Arabia.

Abdullah Al-Othaim Markets

Market Cap: ر.س6.6b

Engages in the wholesale and retail trade of food supplies and other products in the Kingdom of Saudi Arabia and Arab Republic of Egypt.

National Industrialization

Market Cap: ر.س6.4b

Operates in the petrochemicals, chemicals, plastics, and metals sectors in the Kingdom of Saudi Arabia, rest of the Middle East, Asia, Africa, Europe, and internationally.

Al Hammadi Holding

Market Cap: ر.س5.8b

A healthcare group, provides healthcare services in the Kingdom of Saudi Arabia.

Alkhorayef Water and Power Technologies

Market Cap: ر.س4.5b

Designs, constructs, operates, maintains, and manages water and wastewater projects in Saudi Arabia.

Yanbu Cement

Market Cap: ر.س2.7b

Engages in manufacturing, producing, and trading of cement and related products in the Kingdom of Saudi Arabia and internationally.

Saudi Steel Pipes

Market Cap: ر.س2.6b

Manufactures and distributes steel pipes in the Kingdom of Saudi Arabia and internationally.

City Cement

Market Cap: ر.س2.3b

Manufactures and sells cement in the Kingdom of Saudi Arabia.

Maharah for Human Resources

Market Cap: ر.س2.1b

Provides manpower services to public and private sectors in Saudi Arabia and the United Arab Emirates.

Arabian Cement

Market Cap: ر.س2.1b

Engages in the production, trading, and selling of cement primarily in Saudi Arabia and Jordan.

Almawarid Manpower

Market Cap: ر.س1.9b

Provides recruitment services for domestic workers, expatriate labor services, and operates temporary employment agency for domestic services in the Kingdom of Saudi Arabia.

Ladun Investment

Market Cap: ر.س1.5b

A real estate investment firm.

Halwani Bros

Market Cap: ر.س1.5b

Manufactures, packages, wholesales, and retails food products in the Kingdom of Saudi Arabia, Arab Republic of Egypt, and internationally.

Alamar Foods

Market Cap: ر.س1.3b

Alamar Foods Company, together with its subsidiaries, establishes, operates, and manages quick service restaurants in the Middle East, North Africa, and Pakistan.

SEDCO Capital REIT Fund

Market Cap: ر.س1.3b

SEDCO Capital REIT is a Shariah-compliant real estate investment traded fund externally managed by SEDCO Capital.

Balady Poultry

Market Cap: ر.س1.2b

Produces poultry products in the Kingdom of Saudi Arabia, other GCC countries, and internationally.

Alahli Capital - Al-Ahli Reit Fund

Market Cap: ر.س952.9m

A real estate investment fund.

Alkhabeer REIT Fund

Market Cap: ر.س808.0m

A real estate investment fund.

Saudi Marketing

Market Cap: ر.س754.2m

Engages in the retail, trading, and importing business in the Kingdom of Saudi Arabia.

Saudi Fisheries

Market Cap: ر.س596.2m

Engages in fishing, fish-farming, and other activities in the Kingdom of Saudi Arabia.

Adeer Real Estate

Market Cap: ر.س527.5m

Provides real estate marketing services individuals, companies and institutions.

Professional Medical Expertise

Market Cap: ر.س280.9m

Engages in the retail sale of medical equipment, tools, supplies, and medical devices in the Kingdom of Saudi Arabia and the United Arab Emirates.

Al-Fakhera Men's Tailoring

Market Cap: ر.س195.5m

Engages in the manufacture and sale of tailoring clothes for men and children.

Fesh Fash Snack Food Production

Market Cap: ر.س121.6m

Produces and sells snack food products in the Saudi Arabia .

Foods Gate Trading

Market Cap: ر.س112.1m

Operates restaurants under the Tokyo and Kimono brand names in Saudi Arabia.