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Middle Eastern Penny Stocks To Watch In December 2025

Simply Wall St · 2d ago

Most Gulf markets have recently experienced an upswing, buoyed by rising oil prices and optimism surrounding potential U.S. Federal Reserve rate cuts. In this context, penny stocks—often representing smaller or emerging companies—remain a relevant investment area for those seeking growth opportunities. Despite their historical connotations, these stocks can offer a blend of affordability and potential when backed by strong financial health, making them worth considering for investors interested in tapping into promising market segments.

Top 10 Penny Stocks In The Middle East

Name Share Price Market Cap Rewards & Risks
Thob Al Aseel (SASE:4012) SAR3.25 SAR1.3B ✅ 2 ⚠️ 1 View Analysis >
Alarum Technologies (TASE:ALAR) ₪2.416 ₪173.21M ✅ 2 ⚠️ 3 View Analysis >
E7 Group PJSC (ADX:E7) AED1.03 AED2.1B ✅ 3 ⚠️ 2 View Analysis >
Sharjah Insurance Company P.S.C (ADX:SICO) AED1.52 AED228M ✅ 2 ⚠️ 2 View Analysis >
Al Wathba National Insurance Company PJSC (ADX:AWNIC) AED3.24 AED670.68M ✅ 2 ⚠️ 3 View Analysis >
Arabian Pipes (SASE:2200) SAR4.88 SAR974M ✅ 3 ⚠️ 0 View Analysis >
Dubai National Insurance & Reinsurance (P.S.C.) (DFM:DNIR) AED3.22 AED386.93M ✅ 2 ⚠️ 4 View Analysis >
Dubai Investments PJSC (DFM:DIC) AED3.70 AED15.86B ✅ 2 ⚠️ 3 View Analysis >
Sharjah Cement and Industrial Development (PJSC) (ADX:SCIDC) AED0.852 AED518.23M ✅ 2 ⚠️ 1 View Analysis >
Tgi Infrastructures (TASE:TGI) ₪2.532 ₪198.76M ✅ 2 ⚠️ 2 View Analysis >

Click here to see the full list of 82 stocks from our Middle Eastern Penny Stocks screener.

Let's explore several standout options from the results in the screener.

Sharjah Cement and Industrial Development (PJSC) (ADX:SCIDC)

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

Overview: Sharjah Cement and Industrial Development (PJSC) operates in the production and distribution of cement and related products, with a market capitalization of AED518.23 million.

Operations: The company generates revenue of AED735.05 million from its manufacturing segment.

Market Cap: AED518.23M

Sharjah Cement and Industrial Development (PJSC) has demonstrated robust financial health, with short-term assets of AED700.8 million exceeding both its long-term liabilities of AED122.3 million and short-term liabilities of AED540.1 million. The company's debt management is prudent, with a debt-to-equity ratio reduced to 30.9% and interest payments well covered by EBIT at 17.3x coverage. Recent earnings growth is impressive at 88.6%, surpassing industry benchmarks, though the dividend yield of 5.87% isn't fully supported by free cash flows, indicating potential sustainability concerns despite high-quality past earnings and stable weekly volatility.

ADX:SCIDC Debt to Equity History and Analysis as at Dec 2025
ADX:SCIDC Debt to Equity History and Analysis as at Dec 2025

National Investor Pr. J.S.C (ADX:TNI)

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

Overview: The National Investor Pr. J.S.C., with a market cap of AED122.20 million, operates in the United Arab Emirates offering services in private equity, real estate investment and consultancy, economic feasibility studies, commercial agencies, and hospitality through its subsidiaries.

Operations: The company's revenue segment is primarily derived from Principal Investments, totaling AED31.79 million.

Market Cap: AED122.2M

National Investor Pr. J.S.C., with a market cap of AED122.20 million, operates in the UAE's investment sector and remains unprofitable, yet it has a positive cash flow that ensures a cash runway exceeding three years. The company has effectively reduced its debt-to-equity ratio from 7.1% to 1.1% over five years and maintains more cash than total debt, indicating prudent financial management despite high share price volatility recently observed in the market. Its board is experienced with an average tenure of 6.7 years, and while earnings have grown minimally by 1.3% annually over five years, profitability remains elusive for now.

ADX:TNI Debt to Equity History and Analysis as at Dec 2025
ADX:TNI Debt to Equity History and Analysis as at Dec 2025

Canzon Israel (TASE:CNZN-M)

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

Overview: Canzon Israel Ltd invests in and manages construction projects for residential and commercial purposes in Portugal, with a market cap of ₪3.40 million.

Operations: The company generates its revenue from field services, amounting to ₪0.09 million.

Market Cap: ₪3.4M

Canzon Israel Ltd, with a market cap of ₪3.40 million, is pre-revenue, generating less than US$1 million annually. The company has not diluted shareholders recently and maintains a satisfactory net debt to equity ratio of 8.6%. Despite being unprofitable, it has reduced losses by 39.3% annually over the past five years and raised additional capital through private placements totaling ILS 270,000 in November 2025. However, its short-term assets of ₪226K do not cover liabilities of ₪1.6M, indicating liquidity challenges despite an experienced board averaging 5.3 years in tenure.

TASE:CNZN-M Debt to Equity History and Analysis as at Dec 2025
TASE:CNZN-M Debt to Equity History and Analysis as at Dec 2025

Seize The Opportunity

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.