Middle Eastern Penny Stocks To Consider In October 2025

As the Middle Eastern markets navigate through global credit concerns and fluctuating crude prices, investors are keenly observing opportunities amidst the volatility. Penny stocks, despite their somewhat outdated label, continue to attract attention due to their potential for growth and value in uncertain times. By focusing on companies with strong financial foundations, investors can identify promising opportunities among these smaller or newer firms that may offer both stability and potential upside.

Top 10 Penny Stocks In The Middle East

Click here to see the full list of 79 stocks from our Middle Eastern Penny Stocks screener.

We'll examine a selection from our screener results.

United Fidelity Insurance Company (P.S.C.) (ADX:FIDELITYUNITED)

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: United Fidelity Insurance Company (P.S.C.) operates in the United Arab Emirates, providing a range of general and life insurance services, with a market capitalization of AED256 million.

Operations: The company generates its revenue from three main segments: Consumer (AED184.48 million), Commercial (-AED66.73 million), and Employee Benefits (AED215.80 million).

Market Cap: AED256M

United Fidelity Insurance Company (P.S.C.) recently approved amendments to its Articles of Association, allowing for capital increases through a phased share issuance program. Despite being unprofitable with a negative return on equity and increased losses over five years, the company reported a small net income of AED 2.39 million in Q2 2025, marking an improvement from the previous year's loss. It has more cash than debt and sufficient cash runway for over a year based on current free cash flow. However, short-term liabilities exceed short-term assets, indicating potential liquidity challenges ahead.

• Navigate through the intricacies of United Fidelity Insurance Company (P.S.C.) with our comprehensive balance sheet health report here.
• Assess United Fidelity Insurance Company (P.S.C.)'s previous results with our detailed historical performance reports.

Ras Al Khaimah for White Cement & Construction Materials P.S.C (ADX:RAKWCT)

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Ras Al Khaimah Co. for White Cement & Construction Materials P.S.C. manufactures and supplies lime and cement products both in the United Arab Emirates and internationally, with a market cap of AED535.17 million.

Operations: The company's revenue primarily comes from its operations in the United Arab Emirates, amounting to AED122.46 million.

Market Cap: AED535.17M

Ras Al Khaimah Co. for White Cement & Construction Materials P.S.C. has demonstrated consistent revenue growth, with first-quarter sales rising to AED75.86 million from AED64.41 million the previous year, and net income increasing to AED8.69 million from AED6.36 million. The company is debt-free and maintains strong liquidity, with short-term assets of AED396.8 million comfortably covering both short-term and long-term liabilities totaling AED112.3 million combined. Despite a lower return on equity at 4.5% and slightly declining profit margins, its earnings quality remains high without shareholder dilution over the past year, highlighting financial stability amidst market volatility.

• Jump into the full analysis health report here for a deeper understanding of Ras Al Khaimah for White Cement & Construction Materials P.S.C.
• Gain insights into Ras Al Khaimah for White Cement & Construction Materials P.S.C's historical outcomes by reviewing our past performance report.

Fonet Bilgi Teknolojileri (IBSE:FONET)

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: Fonet Bilgi Teknolojileri A.S. offers information technology services specifically for the healthcare sector in Turkey and has a market capitalization of TRY2.79 billion.

Operations: The company generates revenue primarily from its healthcare software segment, which amounts to TRY450.64 million.

Market Cap: TRY2.79B

Fonet Bilgi Teknolojileri A.S. has faced challenges with declining earnings, reporting a net income of TRY31.67 million for the recent quarter, down from TRY84.89 million a year ago. Despite this, the company maintains satisfactory debt levels with a net debt to equity ratio of 1.4% and strong interest coverage by EBIT at 19.6 times interest payments. Its short-term assets exceed short-term liabilities but fall short against long-term obligations, highlighting potential liquidity concerns. While profit margins have decreased significantly from last year, Fonet's operating cash flow covers its debt well at 370%, indicating robust cash management amidst financial pressures.

• Get an in-depth perspective on Fonet Bilgi Teknolojileri's performance by reading our balance sheet health report here.
• Understand Fonet Bilgi Teknolojileri's track record by examining our performance history report.

Turning Ideas Into Actions

• Click here to access our complete index of 79 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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