Discover Middle Eastern Penny Stocks To Watch In March 2025

As Gulf markets show resilience with hopes for U.S. tariff relief, investors are increasingly eyeing opportunities in the Middle East. Penny stocks, though an older term, remain relevant as they spotlight smaller or emerging companies that can offer substantial value. By focusing on those with solid financials and potential for growth, investors may uncover promising opportunities among these lesser-known stocks.

Top 10 Penny Stocks In The Middle East

Name	Share Price	Market Cap	Financial Health Rating
Alarum Technologies (TASE:ALAR)	₪2.307	₪159.97M	★★★★★★
Oil Refineries (TASE:ORL)	₪1.055	₪3.28B	★★★★★★
Thob Al Aseel (SASE:4012)	SAR4.10	SAR1.63B	★★★★★★
Tgi Infrastructures (TASE:TGI)	₪2.35	₪174.7M	★★★★★☆
Yesil Yapi Endüstrisi (IBSE:YYAPI)	TRY1.44	TRY1.23B	★★★★★☆
Big Tech 50 R&D-Limited Partnership (TASE:BIGT)	₪1.681	₪17.84M	★★★★★★
Hub Girisim Sermayesi Yatirim Ortakligi (IBSE:HUBVC)	TRY1.83	TRY512.4M	★★★★★★
Dubai Investments PJSC (DFM:DIC)	AED2.25	AED9.61B	★★★★★☆
Peninsula Group (TASE:PEN)	₪2.434	₪541.34M	★★★★☆☆
Orad (TASE:ORAD)	₪0.80	₪74.64M	★★★★★★

Click here to see the full list of 93 stocks from our Middle Eastern Penny Stocks screener.

We'll examine a selection from our screener results.

Akfen Gayrimenkul Yatirim Ortakligi (IBSE:AKFGY)

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

Overview: Akfen Gayrimenkul Yatirim Ortakligi, established in 2006, operates as a real estate investment trust following its transformation from Aksel Tourism Investments and Management Inc., with a market cap of TRY7.33 billion.

Operations: The company generates revenue primarily through its real estate investments, amounting to TRY817.07 million.

Market Cap: TRY7.33B

Akfen Gayrimenkul Yatirim Ortakligi, with a market cap of TRY7.33 billion, operates as a real estate investment trust and remains unprofitable despite reducing losses by 20.3% annually over the past five years. Its short-term assets of TRY4.3 billion exceed short-term liabilities of TRY1.1 billion but do not cover long-term liabilities totaling TRY4.8 billion, while its net debt to equity ratio is satisfactory at 7.5%. Although operating cash flow is negative, interest payments are well covered due to earnings exceeding interest expenses, and shareholders have not faced significant dilution recently.

• Take a closer look at Akfen Gayrimenkul Yatirim Ortakligi's potential here in our financial health report.
• Gain insights into Akfen Gayrimenkul Yatirim Ortakligi's past trends and performance with our report on the company's historical track record.

GSD Holding (IBSE:GSDHO)

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

Overview: GSD Holding A.S. operates in finance, shipping, energy, and education sectors through its subsidiaries and has a market capitalization of TRY3.45 billion.

Operations: GSD Holding's revenue is primarily derived from its Turkey - Holding segment, contributing TRY9.36 billion, and its Turkey & International - Marine segment, which adds TRY1.10 billion.

Market Cap: TRY3.45B

GSD Holding A.S., with a market cap of TRY3.45 billion, operates across finance, shipping, energy, and education sectors. Despite being unprofitable and experiencing increased losses over the past five years at a rate of 53.1% annually, it maintains financial stability with short-term assets (TRY7 billion) exceeding both short-term (TRY1.9 billion) and long-term liabilities (TRY2.2 billion). The company holds more cash than its total debt and has a sufficient cash runway for over three years based on current free cash flow levels. Shareholders have not faced significant dilution recently despite ongoing challenges in profitability and dividend coverage issues.

• Dive into the specifics of GSD Holding here with our thorough balance sheet health report.
• Assess GSD Holding's previous results with our detailed historical performance reports.

Yesil Yapi Endüstrisi (IBSE:YYAPI)

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

Overview: Yesil Yapi Endüstrisi A.S. is a construction company operating in Turkey and internationally, with a market cap of TRY1.23 billion.

Operations: The company generates revenue primarily from its Heavy Construction segment, amounting to TRY33.44 million.

Market Cap: TRY1.23B

Yesil Yapi Endüstrisi A.S., a construction firm with a market cap of TRY1.23 billion, has shown remarkable earnings growth, surging by over 2300% in the past year. Despite its low revenue (TRY33.44 million), it boasts an outstanding Return on Equity of 51.8% and a very low price-to-earnings ratio of 0.9x compared to the Turkish market average of 16x, suggesting potential undervaluation. The company's short-term assets (TRY437.7 million) exceed its short-term liabilities (TRY254.1 million), but long-term liabilities remain uncovered by these assets, indicating some financial risk amidst high volatility in share price movements recently observed.

• Get an in-depth perspective on Yesil Yapi Endüstrisi's performance by reading our balance sheet health report here.
• Explore historical data to track Yesil Yapi Endüstrisi's performance over time in our past results report.

Taking Advantage

• Reveal the 93 hidden gems among our Middle Eastern Penny Stocks screener with a single click here.
• Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments.
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Looking For Alternative Opportunities?

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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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