Major Gulf markets have recently shown a mixed performance, influenced by weak oil prices and hopes for a U.S. Federal Reserve rate cut. Despite these fluctuations, the search for promising investment opportunities continues, with penny stocks remaining an intriguing option for investors. Often representing smaller or newer companies, these stocks can offer surprising value and potential growth at lower price points, especially when backed by strong financial fundamentals.
Top 10 Penny Stocks In The Middle East
| Name | Share Price | Market Cap | Rewards & Risks |
| Maharah for Human Resources (SASE:1831) | SAR4.75 | SAR2.14B | ✅ 2 ⚠️ 3 View Analysis > |
| Thob Al Aseel (SASE:4012) | SAR3.64 | SAR1.46B | ✅ 2 ⚠️ 1 View Analysis > |
| Alarum Technologies (TASE:ALAR) | ₪4.756 | ₪336.99M | ✅ 3 ⚠️ 1 View Analysis > |
| Mega Polietilen Köpük Sanayi ve Ticaret Anonim Sirketi (IBSE:MEGAP) | TRY4.97 | TRY1.37B | ✅ 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 | AED12.16B | ✅ 2 ⚠️ 3 View Analysis > |
| Sharjah Cement and Industrial Development (PJSC) (ADX:SCIDC) | AED0.842 | AED510.93M | ✅ 2 ⚠️ 2 View Analysis > |
| Tgi Infrastructures (TASE:TGI) | ₪2.831 | ₪210.46M | ✅ 2 ⚠️ 2 View Analysis > |
Click here to see the full list of 80 stocks from our Middle Eastern Penny Stocks screener.
Let's dive into some prime choices out of the screener.
A.V.O.D Kurutulmus Gida ve Tarim Ürünleri Sanayi Ticaret Anonim Sirketi (IBSE:AVOD)
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: A.V.O.D Kurutulmus Gida ve Tarim Ürünleri Sanayi Ticaret Anonim Sirketi operates in Turkey, offering dried vegetables and vegetable-based convenience foods under the Farmer's Choice brand, with a market cap of TRY1.11 billion.
Operations: The company generates revenue primarily from foreign markets with TRY1.35 billion, while domestic sales in Turkey contribute TRY54.20 million.
Market Cap: TRY1.11B
A.V.O.D Kurutulmus Gida ve Tarim Ürünleri Sanayi Ticaret Anonim Sirketi, with a market cap of TRY1.11 billion, primarily generates revenue from international markets, reporting TRY814.25 million in sales for the half-year ended June 2025. Despite this, the company remains unprofitable with a net loss of TRY135.29 million and a negative return on equity of -17.42%. Its short-term assets exceed both short and long-term liabilities, providing some financial stability amidst high debt levels (net debt to equity ratio at 60.8%). The company has not diluted shareholders recently and maintains sufficient cash runway for over three years despite declining free cash flow.
- Navigate through the intricacies of A.V.O.D Kurutulmus Gida ve Tarim Ürünleri Sanayi Ticaret Anonim Sirketi with our comprehensive balance sheet health report here.
- Evaluate A.V.O.D Kurutulmus Gida ve Tarim Ürünleri Sanayi Ticaret Anonim Sirketi's historical performance by accessing our past performance report.
Metro Ticari ve Mali Yatirimlar Holding (IBSE:METRO)
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: Metro Ticari ve Mali Yatirimlar Holding A.S. operates as a diversified investment holding company in Turkey with a market capitalization of TRY2.38 billion.
Operations: There are no specific revenue segments reported for Metro Ticari ve Mali Yatirimlar Holding A.S.
Market Cap: TRY2.38B
Metro Ticari ve Mali Yatirimlar Holding A.S., with a market cap of TRY2.38 billion, is pre-revenue, reporting less than US$1 million in revenue. Despite recent improvements in net income—TRY98.11 million for Q2 2025 compared to a loss last year—the company remains unprofitable and has seen earnings decline by 51.9% annually over the past five years. The company benefits from being debt-free and having sufficient cash runway for more than three years based on current free cash flow, though its short-term assets do not cover long-term liabilities of TRY223.7 million.
- Click here to discover the nuances of Metro Ticari ve Mali Yatirimlar Holding with our detailed analytical financial health report.
- Learn about Metro Ticari ve Mali Yatirimlar Holding's historical performance here.
Novolog (Pharm-Up 1966) (TASE:NVLG)
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: Novolog (Pharm-Up 1966) Ltd operates in the healthcare services sector in Israel with a market capitalization of ₪776.53 million.
Operations: The company generates revenue through its Logistics Division with ₪1.82 billion, the Health Services Division contributing ₪194.23 million, and the Digital Division adding ₪26.65 million.
Market Cap: ₪776.53M
Novolog (Pharm-Up 1966) Ltd, with a market cap of ₪776.53 million, has recently turned profitable, though its earnings have declined by 25.3% annually over the past five years. The company reported second-quarter sales of ₪441.69 million but saw a decrease in net income to ₪4.78 million from last year’s higher figures. Novolog benefits from being debt-free and having short-term assets of ₪2.4 billion that exceed long-term liabilities; however, these assets fall short against short-term liabilities of ₪2.5 billion. A significant one-off loss impacted recent financial results, and its dividend is not well covered by earnings.
- Click to explore a detailed breakdown of our findings in Novolog (Pharm-Up 1966)'s financial health report.
- Examine Novolog (Pharm-Up 1966)'s past performance report to understand how it has performed in prior years.
Key Takeaways
- Unlock more gems! Our Middle Eastern Penny Stocks screener has unearthed 77 more companies for you to explore.Click here to unveil our expertly curated list of 80 Middle Eastern Penny Stocks.
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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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