As Gulf markets experience mixed outcomes amid fluctuating oil prices and anticipation of U.S. interest rate cuts, the Middle East’s financial landscape is evolving with notable shifts in key indices. With investor sentiment buoyed by a positive growth outlook from the World Bank and strategic moves by regional players like ADNOC, identifying promising stocks requires a keen understanding of market dynamics and economic indicators that highlight resilience and growth potential.
Name
Debt To Equity
Revenue Growth
Earnings Growth
Health Rating
Rimoni Industries
NA
1.42%
-1.24%
★★★★★★
Saudi Azm for Communication and Information Technology
3.53%
16.38%
21.65%
★★★★★★
Terminal X Online
14.88%
12.11%
41.14%
★★★★★★
Analyst I.M.S. Investment Management Services
NA
29.00%
42.23%
★★★★★★
Najran Cement
14.76%
-3.67%
-26.79%
★★★★★★
National General Insurance (P.J.S.C.)
NA
14.58%
25.09%
★★★★★☆
C. Mer Industries
96.50%
13.91%
71.62%
★★★★★☆
Etihad Atheeb Telecommunication
0.97%
37.69%
60.25%
★★★★★☆
Rotshtein Realestate
142.50%
22.29%
13.79%
★★★★☆☆
Amir Marketing and Investments in Agriculture
25.54%
4.63%
6.37%
★★★★☆☆
Let’s explore several standout options from the results in the screener.
Simply Wall St Value Rating: ★★★★★★
Overview: Dana Gas PJSC, along with its subsidiaries, operates in the exploration, production, transportation, processing, distribution, marketing, and sale of natural gas and petroleum-related products across the United Arab Emirates, Iraq, and Egypt with a market cap of AED5.62 billion.
Operations: Dana Gas generates revenue primarily from its integrated oil and gas operations, amounting to $329 million. The company has a market capitalization of AED5.62 billion.
Dana Gas, a notable player in the Middle East energy sector, is trading at 21% below its estimated fair value and showcases high-quality earnings. The company has successfully reduced its debt to equity ratio from 18.1% to 9.1% over five years, maintaining a satisfactory net debt to equity ratio of 1.6%. Recent production averaged 51,000 boepd for the first half of 2025, down from last year’s figures, yet it reported USD $73 million in net income for six months ended June. With ongoing investments like the $100 million program in Egypt’s Nile Delta, Dana Gas aims to bolster long-term production and reserves significantly.
Story Continues
ADX:DANA Earnings and Revenue Growth as at Oct 2025
Simply Wall St Value Rating: ★★★★☆☆
Overview: Ajman Bank PJSC operates as a financial institution offering a range of banking products and services to individuals, businesses, and government entities in the United Arab Emirates, with a market capitalization of AED3.88 billion.
Operations: Ajman Bank generates revenue primarily from its Wholesale Banking (AED395.46 million), Consumer Banking (AED302.69 million), and Treasury operations (AED139.57 million).
Ajman Bank, a smaller player in the Middle East banking sector, showcases a solid asset base of AED 26.6 billion with equity at AED 3.2 billion. Their funding primarily comes from low-risk customer deposits, accounting for 89% of liabilities, which provides stability despite their high non-performing loans at 9.8%. The bank’s allowance for bad loans is relatively low at 46%, indicating room for improvement in risk management. Despite these challenges, Ajman Bank has recently turned profitable and offers value with a price-to-earnings ratio of 9x compared to the market’s average of 12.4x, suggesting potential upside for investors seeking value opportunities in the region.
DFM:AJMANBANK Debt to Equity as at Oct 2025
Simply Wall St Value Rating: ★★★★★★
Overview: Hiper Global Ltd. specializes in offering computing solutions to OEM customers and has a market capitalization of ₪825.55 million.
Operations: Hiper Global Ltd. generates revenue primarily from its OEM activity, amounting to $270.11 million. The company’s market capitalization is ₪825.55 million.
Hiper Global, a smaller player in the electronics sector, showcases a mixed financial picture. Over five years, debt to equity has impressively dropped from 58.6% to 19.6%, reflecting prudent financial management. Their net debt to equity ratio stands at a satisfactory 11.3%. Despite high-quality earnings and positive free cash flow, recent performance shows negative earnings growth of -9%, contrasting with the industry average of 3.6%. For Q2 2025, sales reached US$62.83 million while net income was US$2.99 million, slightly up from last year’s figures, indicating steady operations amid challenges in broader market conditions.
TASE:HIPR Debt to Equity as at Oct 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:DANA DFM:AJMANBANK and TASE:HIPR.
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