As Middle Eastern markets show mixed performances, with Gulf bourses reacting to global economic cues and Egypt's stocks rallying, investors are keeping a close watch on developments. For those interested in smaller or newer companies, penny stocks—despite their somewhat outdated label—remain a compelling area of investment. These stocks can offer growth potential when backed by strong financials and fundamentals, making them an appealing option for discovering hidden value in the market.
Top 10 Penny Stocks In The Middle East
| Name | Share Price | Market Cap | Rewards & Risks |
| Maharah for Human Resources (SASE:1831) | SAR4.43 | SAR1.99B | ✅ 2 ⚠️ 3 View Analysis > |
| Thob Al Aseel (SASE:4012) | SAR3.50 | SAR1.4B | ✅ 2 ⚠️ 1 View Analysis > |
| Mega Polietilen Köpük Sanayi ve Ticaret Anonim Sirketi (IBSE:MEGAP) | TRY4.86 | TRY1.34B | ✅ 2 ⚠️ 3 View Analysis > |
| E7 Group PJSC (ADX:E7) | AED1.07 | AED2.14B | ✅ 5 ⚠️ 3 View Analysis > |
| Al Wathba National Insurance Company PJSC (ADX:AWNIC) | AED3.30 | AED683.1M | ✅ 2 ⚠️ 3 View Analysis > |
| Dubai National Insurance & Reinsurance (P.S.C.) (DFM:DNIR) | AED3.45 | AED398.48M | ✅ 2 ⚠️ 3 View Analysis > |
| Dubai Investments PJSC (DFM:DIC) | AED3.02 | AED12.8B | ✅ 2 ⚠️ 3 View Analysis > |
| Al Dhafra Insurance Company P.S.C (ADX:DHAFRA) | AED4.86 | AED486M | ✅ 1 ⚠️ 2 View Analysis > |
| Sharjah Cement and Industrial Development (PJSC) (ADX:SCIDC) | AED0.83 | AED516.41M | ✅ 2 ⚠️ 2 View Analysis > |
| Tgi Infrastructures (TASE:TGI) | ₪2.633 | ₪195.74M | ✅ 2 ⚠️ 2 View Analysis > |
Click here to see the full list of 79 stocks from our Middle Eastern Penny Stocks screener.
Let's dive into some prime choices out of the screener.
Al Dhafra Insurance Company P.S.C (ADX:DHAFRA)
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Al Dhafra Insurance Company P.S.C. operates in the insurance and reinsurance sectors across the United Arab Emirates, other GCC countries, and internationally, with a market cap of AED486 million.
Operations: The company's revenue is derived from two main segments: AED54.09 million from investments and AED74.23 million from underwriting activities.
Market Cap: AED486M
Al Dhafra Insurance Company P.S.C. recently reported improved net income for the second quarter of 2025, with AED 10.09 million compared to AED 6.89 million a year ago, reflecting high-quality earnings despite a low return on equity of 7.6%. The company remains debt-free, which eliminates concerns about interest coverage and debt management. While its price-to-earnings ratio is attractive at 11.2x compared to the AE market average, earnings growth has lagged behind the insurance industry over the past year and profit margins have decreased slightly from last year’s levels. Short-term assets comfortably cover both short-term and long-term liabilities.
- Click here and access our complete financial health analysis report to understand the dynamics of Al Dhafra Insurance Company P.S.C.
- Explore historical data to track Al Dhafra Insurance Company P.S.C's performance over time in our past results report.
Finance House P.J.S.C (ADX:FH)
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Finance House P.J.S.C. operates in the United Arab Emirates, offering investment, consumer and commercial financing services, with a market cap of AED595.77 million.
Operations: The company's revenue is primarily generated from commercial and retail financing at AED111.32 million and investments at AED4.89 million, with a minor negative contribution from insurance at -AED0.82 million.
Market Cap: AED595.77M
Finance House P.J.S.C. has shown financial improvement, becoming profitable with net income of AED 11.53 million for Q2 2025, up from AED 5.46 million a year earlier. The company maintains a satisfactory net debt to equity ratio of 38.6%, and its short-term assets exceed both short-term and long-term liabilities, indicating solid liquidity management. Despite low return on equity at 3.7%, the earnings are considered high quality, supported by well-covered debt through operating cash flow (115.6%). Recent amendments to its Articles of Association suggest ongoing strategic adjustments potentially impacting future governance and operations positively.
- Click to explore a detailed breakdown of our findings in Finance House P.J.S.C's financial health report.
- Review our historical performance report to gain insights into Finance House P.J.S.C's track record.
E.E.A.M.I (TASE:EEAM-M)
Simply Wall St Financial Health Rating: ★★★★★★
Overview: E.E.A.M.I Ltd develops, sells, and maintains robotic cleaning solutions for PV modules in Israel, India, and internationally with a market cap of ₪9.12 million.
Operations: E.E.A.M.I Ltd has not reported any specific revenue segments.
Market Cap: ₪9.12M
E.E.A.M.I Ltd, with a market cap of ₪9.12 million, operates in the robotic cleaning solutions sector and has recently become profitable after years of growth. Despite making less than US$1 million in revenue, the company boasts an outstanding return on equity at 51.9% and remains debt-free. Its short-term assets significantly exceed liabilities, enhancing liquidity management. However, recent earnings reports indicate a net loss of ₪0.489 million for the half-year ending June 30, 2025—an improvement from a much larger loss last year—highlighting ongoing challenges despite profitability gains influenced by significant one-off items in financial results.
- Get an in-depth perspective on E.E.A.M.I's performance by reading our balance sheet health report here.
- Examine E.E.A.M.I's past performance report to understand how it has performed in prior years.
Summing It All Up
- Take a closer look at our Middle Eastern Penny Stocks list of 79 companies by clicking here.
- Seeking Other Investments? Uncover 9 companies that survived and thrived after COVID and have the right ingredients to survive Trump's tariffs.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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