WEBULL

Middle Eastern Penny Stocks To Watch In January 2026

Simply Wall St · 4d ago

As most Gulf bourses gain on rising bets for a U.S. Federal Reserve rate cut, the Middle Eastern markets are experiencing a wave of optimism despite some pressure from fluctuating oil prices. Penny stocks, though often seen as an outdated term, continue to represent intriguing opportunities for investors interested in smaller or newer companies that may offer growth potential at lower price points. With the right financial health and fundamentals, these stocks can stand out as hidden gems amidst the broader market landscape.

Top 10 Penny Stocks In The Middle East

Name Share Price Market Cap Rewards & Risks
Al-Modawat Specialized Medical (SASE:9594) SAR4.73 SAR336.65M ✅ 1 ⚠️ 4 View Analysis >
Thob Al Aseel (SASE:4012) SAR3.36 SAR1.34B ✅ 2 ⚠️ 1 View Analysis >
E7 Group PJSC (ADX:E7) AED1.04 AED2.12B ✅ 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) AED3.50 AED724.5M ✅ 2 ⚠️ 3 View Analysis >
Arabian Pipes (SASE:2200) SAR4.66 SAR928M ✅ 3 ⚠️ 0 View Analysis >
Dubai National Insurance & Reinsurance (P.S.C.) (DFM:DNIR) AED3.25 AED384.62M ✅ 2 ⚠️ 4 View Analysis >
Dubai Investments PJSC (DFM:DIC) AED3.57 AED15.18B ✅ 2 ⚠️ 3 View Analysis >
Sharjah Cement and Industrial Development (PJSC) (ADX:SCIDC) AED0.862 AED524.31M ✅ 2 ⚠️ 1 View Analysis >
Tgi Infrastructures (TASE:TGI) ₪2.574 ₪202.05M ✅ 2 ⚠️ 2 View Analysis >

Click here to see the full list of 76 stocks from our Middle Eastern Penny Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

Akfen Gayrimenkul Yatirim Ortakligi (IBSE:AKFGY)

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

Overview: Akfen Gayrimenkul Yatirim Ortakligi, known as Akfen GYO, is a real estate investment trust that emerged from the rebranding and restructuring of Aksel Tourism Investments and Management Inc., with a market capitalization of TRY10.33 billion.

Operations: Akfen GYO generates revenue primarily from its real estate investments, amounting to TRY1.21 billion.

Market Cap: TRY10.33B

Akfen Gayrimenkul Yatirim Ortakligi (Akfen GYO) has shown significant financial progress, becoming profitable over the past year. Despite a low return on equity at 3.5%, its interest payments are well-covered by EBIT, and debt is satisfactorily managed with a net debt to equity ratio of 9%. The company's short-term assets exceed its short-term liabilities but fall short of covering long-term liabilities. Recent earnings reports indicate stable sales and improved net income, though impacted by large one-off gains. With an experienced board but a relatively new management team, Akfen GYO presents both opportunities and challenges for investors in penny stocks.

IBSE:AKFGY Debt to Equity History and Analysis as at Jan 2026
IBSE:AKFGY Debt to Equity History and Analysis as at Jan 2026

Yesil Yatirim Holding Anonim Sirketi (IBSE:YESIL)

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

Overview: Yesil Yatirim Holding Anonim Sirketi specializes in technical planning, programming, budgeting, project planning, and financial organization with a market cap of TRY1.26 billion.

Operations: No specific revenue segments are reported for Yesil Yatirim Holding Anonim Sirketi.

Market Cap: TRY1.26B

Yesil Yatirim Holding Anonim Sirketi, with a market cap of TRY1.26 billion, is currently pre-revenue and unprofitable, reporting a net loss of TRY 38.91 million for Q3 2025. Despite stable weekly volatility over the past year, its share price remains highly volatile in the short term. The company is debt-free and has sufficient short-term assets to cover liabilities but faces challenges with a cash runway under one year if free cash flow continues to decline at historical rates. While lacking meaningful revenue streams, Yesil's financial position presents both risks and potential for turnaround in penny stock investments.

IBSE:YESIL Debt to Equity History and Analysis as at Jan 2026
IBSE:YESIL Debt to Equity History and Analysis as at Jan 2026

Yesil Gayrimenkul Yatirim Ortakligi (IBSE:YGYO)

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

Overview: Yesil Gayrimenkul Yatirim Ortakligi, a publicly owned real estate investment firm, has a market capitalization of TRY1.70 billion.

Operations: The company's revenue segment is entirely derived from Turkey, amounting to TRY3.75 billion.

Market Cap: TRY1.7B

Yesil Gayrimenkul Yatirim Ortakligi, with a market cap of TRY1.70 billion, remains unprofitable and pre-revenue, reporting significant net losses for Q3 2025 and the nine-month period ending September 30, 2025. Despite its financial challenges, the company benefits from a seasoned management team and board of directors with over ten years of average tenure. Its short-term assets significantly exceed both short-term and long-term liabilities, suggesting a solid liquidity position. However, its high share price volatility presents risks typical in penny stock investments while offering potential for future recovery if profitability improves.

IBSE:YGYO Debt to Equity History and Analysis as at Jan 2026
IBSE:YGYO Debt to Equity History and Analysis as at Jan 2026

Key Takeaways

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.