The Middle Eastern stock markets have recently been under pressure, with ex-dividend stocks weighing heavily on indices in the UAE. Despite these challenges, there remains a segment of the market that continues to intrigue investors: penny stocks. While the term may seem outdated, these smaller or newer companies often present unique growth opportunities when backed by solid financials and fundamentals.
Name
Share Price
Market Cap
Financial Health Rating
Thob Al Aseel (SASE:4012)
SAR4.10
SAR1.65B
★★★★★★
Keir International (SASE:9542)
SAR4.40
SAR528M
★★★★★☆
Alarum Technologies (TASE:ALAR)
₪2.20
₪152.55M
★★★★★★
Oil Refineries (TASE:ORL)
₪0.883
₪2.74B
★★★★★☆
Big Tech 50 R&D-Limited Partnership (TASE:BIGT)
₪1.686
₪17.89M
★★★★☆☆
Tarya Israel (TASE:TRA)
₪0.586
₪173.96M
★★★★★☆
Tgi Infrastructures (TASE:TGI)
₪2.282
₪169.65M
★★★★★★
Sharjah Cement and Industrial Development (PJSC) (ADX:SCIDC)
AED0.755
AED473.22M
★★★★★★
Dubai National Insurance & Reinsurance (P.S.C.) (DFM:DNIR)
We’ll examine a selection from our screener results.
Simply Wall St Financial Health Rating: ★★★★★★
Overview: E7 Group PJSC operates in the security, commercial printing, packaging, and distribution sectors within the United Arab Emirates and has a market capitalization of AED20.79 billion.
Operations: The company generates revenue of AED700.71 million from its operations in the United Arab Emirates.
Market Cap: AED2.08B
E7 Group PJSC has demonstrated financial stability and growth, with a significant reduction in its debt to equity ratio from 10.9% to 0.8% over the past five years, and more cash than total debt. The company’s profitability has improved, transitioning from a net loss of AED51.11 million in the previous year to a net income of AED233.09 million for 2024, alongside revenue growth to AED700.71 million from AED631.93 million last year. E7’s short-term assets significantly exceed both short- and long-term liabilities, indicating robust liquidity management while maintaining high-quality earnings without shareholder dilution recently.
ADX:E7 Financial Position Analysis as at Apr 2025
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Ajman Bank PJSC offers a range of banking products and services to individuals, businesses, and government institutions in the United Arab Emirates, with a market capitalization of AED4.25 billion.
Operations: The bank’s revenue is primarily driven by its Wholesale Banking segment at AED463.08 million, followed by Consumer Banking at AED272.62 million, and Treasury operations contributing AED70.94 million.
Market Cap: AED4.25B
Ajman Bank PJSC, with a market cap of AED4.25 billion, has shown a turnaround in profitability, reporting net income of AED400.65 million for 2024 compared to a net loss the previous year. Despite this positive shift, the bank’s earnings have declined by 17.6% annually over the past five years and it maintains a high level of bad loans at 10.9%. The Price-To-Earnings ratio is favorable at 10.6x against the AE market average of 13x, but its Return on Equity remains low at 12.9%. The bank benefits from primarily low-risk funding sources and an appropriate Loans to Deposits ratio of 68%.
DFM:AJMANBANK Debt to Equity History and Analysis as at Apr 2025
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: Escort Teknoloji Yatirim A.S. offers technology-based products, solutions, and services both in Turkey and internationally, with a market cap of TRY1.75 billion.
Operations: The company generates revenue primarily from its operations in Turkey, amounting to TRY369.30 million.
Market Cap: TRY1.75B
Escort Teknoloji Yatirim A.S., with a market cap of TRY1.75 billion, reported a significant decline in annual sales to TRY369.3 million and a net loss of TRY223.32 million for 2024, contrasting its previous year’s profitability. Despite being debt-free and avoiding shareholder dilution, the company struggles with unprofitability and negative Return on Equity at -13.47%. Short-term assets fall short of covering liabilities (TRY22.5M vs. TRY47.6M), yet long-term liabilities are well covered by assets, indicating some financial stability amidst challenges in revenue generation and management experience uncertainty.
IBSE:ESCOM Revenue & Expenses Breakdown as at Apr 2025
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.
Companies discussed in this article include ADX:E7 DFM:AJMANBANK and IBSE:ESCOM.
