The Middle Eastern stock markets have recently shown mixed performance, with Abu Dhabi's index gaining due to a surge in oil prices, while Dubai's index experienced a decline from profit-taking. In this context, penny stocks—often representing smaller or newer companies—continue to attract attention for their potential blend of affordability and growth. Despite being considered an outdated term by some, penny stocks remain relevant as they can offer unique opportunities when selected based on strong financial fundamentals.
Top 10 Penny Stocks In The Middle East
| Name | Share Price | Market Cap | Rewards & Risks |
| Big Tech 50 R&D-Limited Partnership (TASE:BIGT) | ₪1.438 | ₪15.26M | ✅ 0 ⚠️ 5 View Analysis > |
| Thob Al Aseel (SASE:4012) | SAR4.07 | SAR1.66B | ✅ 2 ⚠️ 1 View Analysis > |
| Alarum Technologies (TASE:ALAR) | ₪3.972 | ₪279.35M | ✅ 4 ⚠️ 2 View Analysis > |
| E7 Group PJSC (ADX:E7) | AED1.36 | AED2.72B | ✅ 4 ⚠️ 2 View Analysis > |
| Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret (IBSE:KATMR) | TRY2.24 | TRY2.41B | ✅ 2 ⚠️ 1 View Analysis > |
| Al Wathba National Insurance Company PJSC (ADX:AWNIC) | AED3.27 | AED676.89M | ✅ 0 ⚠️ 4 View Analysis > |
| Dubai National Insurance & Reinsurance (P.S.C.) (DFM:DNIR) | AED3.45 | AED398.48M | ✅ 2 ⚠️ 4 View Analysis > |
| Dubai Investments PJSC (DFM:DIC) | AED2.83 | AED12.12B | ✅ 2 ⚠️ 3 View Analysis > |
| Sharjah Cement and Industrial Development (PJSC) (ADX:SCIDC) | AED0.80 | AED493.9M | ✅ 2 ⚠️ 2 View Analysis > |
| Tgi Infrastructures (TASE:TGI) | ₪2.647 | ₪196.78M | ✅ 2 ⚠️ 2 View Analysis > |
Click here to see the full list of 76 stocks from our Middle Eastern Penny Stocks screener.
Here we highlight a subset of our preferred stocks from the screener.
Al Wathba National Insurance Company PJSC (ADX:AWNIC)
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: Al Wathba National Insurance Company PJSC operates in the general insurance and reinsurance sectors both within the United Arab Emirates and internationally, with a market cap of AED676.89 million.
Operations: The company generates revenue from its motor insurance segment, amounting to AED206.19 million, and investment activities, contributing AED97.50 million.
Market Cap: AED676.89M
Al Wathba National Insurance Company PJSC, with a market cap of AED676.89 million, has shown some resilience despite recent challenges. The company reported a net loss of AED16.05 million for Q1 2025, an improvement from the previous year's loss. Its financial stability is supported by having more cash than total debt and short-term assets exceeding both short and long-term liabilities. However, its profit margins have declined significantly from last year, and earnings growth remains negative compared to industry averages. Dividend payments have been unstable recently, reflecting ongoing volatility in its financial performance.
- Get an in-depth perspective on Al Wathba National Insurance Company PJSC's performance by reading our balance sheet health report here.
- Assess Al Wathba National Insurance Company PJSC's previous results with our detailed historical performance reports.
Ras Al Khaimah National Insurance Company P.S.C (ADX:RAKNIC)
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: Ras Al Khaimah National Insurance Company P.S.C. operates in the insurance sector, providing a range of insurance products and services, with a market capitalization of AED388.08 million.
Operations: The company has not reported any specific revenue segments.
Market Cap: AED388.08M
Ras Al Khaimah National Insurance Company P.S.C., with a market cap of AED388.08 million, has demonstrated robust financial performance recently. The company reported a significant turnaround, achieving a net income of AED13.11 million for Q2 2025, compared to a net loss the previous year. Its earnings per share improved markedly from AED0.01 to AED0.11 over the same period, reflecting strong earnings growth of 134.4% in the past year—outpacing industry averages despite having low return on equity at 18.4%. While short-term assets cover liabilities comfortably, long-term liabilities remain uncovered by short-term assets due to its debt-free status and stable profit margins at 11.5%.
- Take a closer look at Ras Al Khaimah National Insurance Company P.S.C's potential here in our financial health report.
- Review our historical performance report to gain insights into Ras Al Khaimah National Insurance Company P.S.C's track record.
Allmed Solutions (TASE:ALMD)
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Allmed Solutions Ltd develops, manufactures, and markets minimally invasive medical products across various disciplines both in Israel and internationally, with a market cap of ₪29.89 million.
Operations: Allmed Solutions Ltd has not reported any specific revenue segments.
Market Cap: ₪29.89M
Allmed Solutions Ltd, with a market cap of ₪29.89 million, is pre-revenue and currently unprofitable, with losses increasing at 61.2% annually over the past five years. Despite its financial challenges, the company benefits from being debt-free and having sufficient cash runway for over three years based on current free cash flow levels. Its board and management team are experienced, providing stability amidst high share price volatility. Recent developments include filing a Shelf Registration for various securities, potentially indicating plans to raise capital or expand operations in the future.
- Navigate through the intricacies of Allmed Solutions with our comprehensive balance sheet health report here.
- Examine Allmed Solutions' past performance report to understand how it has performed in prior years.
Seize The Opportunity
- Unlock more gems! Our Middle Eastern Penny Stocks screener has unearthed 73 more companies for you to explore.Click here to unveil our expertly curated list of 76 Middle Eastern Penny Stocks.
- Looking For Alternative Opportunities? These 17 companies survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. Discover why before your portfolio feels the trade war pinch.
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.
Valuation is complex, but we're here to simplify it.
Discover if Ras Al Khaimah National Insurance Company P.S.C might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com