As Gulf markets show signs of recovery with most indices gaining ahead of anticipated U.S. jobs data, investors are keenly watching how these developments might influence regional economies. Penny stocks, though often seen as relics from earlier market days, still represent a viable investment area by highlighting smaller or less-established companies that can offer significant value. By focusing on those with strong financials and growth potential, investors may uncover opportunities in these lesser-known stocks within the Middle Eastern markets.
Top 10 Penny Stocks In The Middle East
| Name | Share Price | Market Cap | Rewards & Risks |
| Maharah for Human Resources (SASE:1831) | SAR4.79 | SAR2.16B | ✅ 2 ⚠️ 3 View Analysis > |
| Thob Al Aseel (SASE:4012) | SAR3.65 | SAR1.46B | ✅ 2 ⚠️ 1 View Analysis > |
| Alarum Technologies (TASE:ALAR) | ₪4.70 | ₪333.02M | ✅ 3 ⚠️ 2 View Analysis > |
| Mega Polietilen Köpük Sanayi ve Ticaret Anonim Sirketi (IBSE:MEGAP) | TRY4.90 | TRY1.35B | ✅ 2 ⚠️ 3 View Analysis > |
| E7 Group PJSC (ADX:E7) | AED1.12 | AED2.22B | ✅ 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) | AED2.97 | AED392.7M | ✅ 2 ⚠️ 4 View Analysis > |
| Dubai Investments PJSC (DFM:DIC) | AED2.84 | AED12.08B | ✅ 3 ⚠️ 3 View Analysis > |
| Sharjah Cement and Industrial Development (PJSC) (ADX:SCIDC) | AED0.865 | AED526.14M | ✅ 2 ⚠️ 2 View Analysis > |
| Tgi Infrastructures (TASE:TGI) | ₪2.817 | ₪209.42M | ✅ 2 ⚠️ 2 View Analysis > |
Click here to see the full list of 80 stocks from our Middle Eastern Penny Stocks screener.
We'll examine a selection from our screener results.
Al Waha Capital PJSC (ADX:WAHA)
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Al Waha Capital PJSC is a private equity firm managing assets in diverse sectors such as financial services, fintech, healthcare, energy, infrastructure, industrial real estate and capital markets with a market cap of AED2.99 billion.
Operations: The company's revenue primarily stems from its private investments, excluding Waha Land, amounting to AED52.97 million.
Market Cap: AED3B
Al Waha Capital PJSC, with a market cap of AED2.99 billion, has demonstrated profitability growth over the past five years despite recent negative earnings growth. Its short-term assets significantly exceed both short and long-term liabilities, indicating strong liquidity. The company reported substantial revenue and net income increases for Q2 2025 compared to the previous year. However, its return on equity remains low at 8.9%, and operating cash flow is negative, highlighting potential challenges in debt coverage. The board and management teams are experienced, but large one-off gains have impacted financial results recently.
- Get an in-depth perspective on Al Waha Capital PJSC's performance by reading our balance sheet health report here.
- Explore historical data to track Al Waha Capital PJSC's performance over time in our past results report.
Mega Polietilen Köpük Sanayi ve Ticaret Anonim Sirketi (IBSE:MEGAP)
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: Mega Polietilen Köpük Sanayi ve Ticaret Anonim Sirketi focuses on the production and sale of foam sheets in Turkey, with a market cap of TRY1.35 billion.
Operations: Currently, there are no specific revenue segments reported for Mega Polietilen Köpük Sanayi ve Ticaret Anonim Sirketi.
Market Cap: TRY1.35B
Mega Polietilen Köpük Sanayi ve Ticaret Anonim Sirketi, with a market cap of TRY1.35 billion, has shown impressive earnings growth of 315.6% over the past year, significantly outpacing both its five-year average and industry benchmarks. The company's return on equity is high at 22.4%, and it has successfully reduced its debt to equity ratio from 54.8% to 29.9% over five years, although operating cash flow coverage remains weak at 3.5%. Recent earnings reports highlight a turnaround from losses to net income gains for the second quarter and first half of 2025, underscoring financial improvement amidst share price volatility.
- Dive into the specifics of Mega Polietilen Köpük Sanayi ve Ticaret Anonim Sirketi here with our thorough balance sheet health report.
- Learn about Mega Polietilen Köpük Sanayi ve Ticaret Anonim Sirketi's historical performance here.
Ratio Petroleum Energy - Limited Partnership (TASE:RTPT)
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Ratio Petroleum Energy - Limited Partnership focuses on the exploration, development, and production of oil and gas, with a market cap of ₪56.21 million.
Operations: Ratio Petroleum Energy - Limited Partnership has not reported any specific revenue segments.
Market Cap: ₪56.21M
Ratio Petroleum Energy - Limited Partnership, with a market cap of ₪56.21 million, is pre-revenue and debt-free, providing a stable financial foundation despite its unprofitability. The company's short-term assets of $4.9M comfortably cover both short and long-term liabilities, enhancing its liquidity position. Recent earnings results indicate a reduced net loss of US$0.461 million for the half year ended June 2025, compared to US$3.38 million in the previous year, reflecting some operational improvements amidst ongoing challenges in achieving profitability within the oil and gas sector's volatile environment.
- Take a closer look at Ratio Petroleum Energy - Limited Partnership's potential here in our financial health report.
- Evaluate Ratio Petroleum Energy - Limited Partnership's historical performance by accessing our past performance report.
Key Takeaways
- Get an in-depth perspective on all 80 Middle Eastern Penny Stocks by using our screener 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.
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