As Middle Eastern equities see a rise amid bargain hunting, with Saudi Arabia nearing a two-year low, the region's stock markets are capturing investors' attention. Penny stocks, though an outdated term, still represent intriguing opportunities for those interested in smaller or newer companies. By focusing on those with strong financials and growth potential, these stocks can offer value and stability in today's market conditions.
Top 10 Penny Stocks In The Middle East
| Name | Share Price | Market Cap | Rewards & Risks |
| Maharah for Human Resources (SASE:1831) | SAR4.46 | SAR2.07B | ✅ 2 ⚠️ 3 View Analysis > |
| Thob Al Aseel (SASE:4012) | SAR3.51 | SAR1.42B | ✅ 2 ⚠️ 1 View Analysis > |
| Mega Polietilen Köpük Sanayi ve Ticaret Anonim Sirketi (IBSE:MEGAP) | TRY4.60 | TRY1.26B | ✅ 2 ⚠️ 3 View Analysis > |
| E7 Group PJSC (ADX:E7) | AED1.09 | AED2.18B | ✅ 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) | AED2.96 | AED12.59B | ✅ 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) | AED0.846 | AED514.58M | ✅ 2 ⚠️ 2 View Analysis > |
| Tgi Infrastructures (TASE:TGI) | ₪2.653 | ₪197.23M | ✅ 2 ⚠️ 2 View Analysis > |
Click here to see the full list of 79 stocks from our Middle Eastern Penny Stocks screener.
Let's take a closer look at a couple of our picks from the screened companies.
Union Properties (DFM:UPP)
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: Union Properties (ticker: DFM:UPP) is a company engaged in property investment and development, with a market capitalization of AED3.69 billion.
Operations: The company's revenue is derived from three main segments: Contracting (AED39.35 million), Goods and Services (AED479.28 million), and Real Estate and Others (AED60.01 million).
Market Cap: AED3.69B
Union Properties has shown a mixed financial performance recently, with second-quarter sales increasing to AED152.44 million from AED127.67 million year-over-year, but net income declining significantly to AED8.75 million from AED18.3 million in the same period last year. The company's short-term assets of AED1.3 billion comfortably cover both its short-term and long-term liabilities, indicating solid liquidity management despite negative earnings growth over the past year and lower profit margins compared to previous periods. While debt levels have improved substantially over five years, interest coverage remains inadequate, highlighting potential risks in its financial structure amidst volatile share price movements.
- Get an in-depth perspective on Union Properties' performance by reading our balance sheet health report here.
- Review our growth performance report to gain insights into Union Properties' future.
Hedef Girisim Sermayesi Yatirim Ortakligi (IBSE:HDFGS)
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Hedef Girisim Sermayesi Yatirim Ortakligi A.S. operates as a venture capital investment trust, focusing on investing in various sectors, with a market cap of TRY1.31 billion.
Operations: Hedef Girisim Sermayesi Yatirim Ortakligi A.S. has not reported any specific revenue segments.
Market Cap: TRY1.31B
Hedef Girisim Sermayesi Yatirim Ortakligi A.S. reported a significant increase in second-quarter sales to TRY65.25 million from TRY10.62 million year-over-year, although it remains unprofitable with a net loss of TRY100.15 million for the same period. Despite its lack of profitability, the company maintains strong liquidity, with short-term assets of TRY512.8 million exceeding both short and long-term liabilities, and operates debt-free. However, its share price has been highly volatile recently, and negative return on equity reflects ongoing financial challenges as earnings have declined over the past five years by 57.8% annually without meaningful shareholder dilution recently.
- Click to explore a detailed breakdown of our findings in Hedef Girisim Sermayesi Yatirim Ortakligi's financial health report.
- Review our historical performance report to gain insights into Hedef Girisim Sermayesi Yatirim Ortakligi's track record.
Tukas Gida Sanayi ve Ticaret (IBSE:TUKAS)
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Tukas Gida Sanayi ve Ticaret A.S. is involved in the manufacture and sale of food products both in Turkey and internationally, with a market capitalization of TRY16.61 billion.
Operations: Tukas Gida Sanayi ve Ticaret A.S. has not reported specific revenue segments.
Market Cap: TRY16.61B
Tukas Gida Sanayi ve Ticaret A.S. has seen a rise in sales to TRY1,708.15 million for Q2 2025, yet it reported a net loss of TRY301.04 million compared to a profit the previous year. The company exhibits high share price volatility and declining profit margins, with current figures at 10.8% down from 18.1%. Despite these challenges, Tukas maintains satisfactory debt levels with a net debt to equity ratio of 28.8%, and its short-term assets significantly exceed liabilities at TRY8.2 billion versus TRY4.4 billion in short-term and TRY2.7 billion in long-term liabilities combined, reflecting strong liquidity management amidst financial hurdles.
- Dive into the specifics of Tukas Gida Sanayi ve Ticaret here with our thorough balance sheet health report.
- Examine Tukas Gida Sanayi ve Ticaret's past performance report to understand how it has performed in prior years.
Taking Advantage
- Jump into our full catalog of 79 Middle Eastern Penny Stocks here.
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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 Hedef Girisim Sermayesi Yatirim Ortakligi might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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