Middle Eastern Penny Stocks To Watch In February 2026

Simply Wall St

Thu, February 19, 2026 at 1:04 PM GMT+9 4 min read

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Most Gulf markets have recently experienced gains, buoyed by positive developments in US-Iran talks and a rebound in crude prices. For investors willing to explore beyond the established giants, penny stocks—typically representing smaller or newer companies—can offer intriguing potential. Despite being an old term, these stocks continue to be relevant by providing affordability and growth opportunities when backed by strong financials.

Top 10 Penny Stocks In The Middle East

Click here to see the full list of 74 stocks from our Middle Eastern Penny Stocks screener.

Here’s a peek at a few of the choices from the screener.

Sharjah Cement and Industrial Development (PJSC)

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

Overview: Sharjah Cement and Industrial Development (PJSC) operates in the manufacturing and distribution of cement and related products, with a market capitalization of AED 705.57 million.

Operations: The company’s revenue primarily comes from its manufacturing segment, contributing AED 735.05 million.

Market Cap: AED705.57M

Sharjah Cement and Industrial Development (PJSC) has demonstrated significant earnings growth, with profits increasing by 88.6% over the past year, surpassing its 5-year average growth rate of 63.8%. The company maintains a satisfactory net debt to equity ratio of 22.9%, indicating prudent financial management, while its interest payments are well covered by EBIT at a multiple of 17.3x. Despite having high-quality earnings and improved profit margins from last year, the company’s dividend yield of 4.31% is not well supported by free cash flows, and share price volatility remains high compared to other AE stocks.

Navigate through the intricacies of Sharjah Cement and Industrial Development (PJSC) with our comprehensive balance sheet health report here.

Explore historical data to track Sharjah Cement and Industrial Development (PJSC)'s performance over time in our past results report.

 






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ADX:SCIDC Financial Position Analysis as at Feb 2026

Dubai Investments PJSC

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

Overview: Dubai Investments PJSC operates in property, investment, manufacturing, contracting, and services both within the United Arab Emirates and internationally, with a market cap of AED17.86 billion.

Operations: The company’s revenue is derived from property (AED2.16 billion), investments (AED289.47 million), and manufacturing, contracting, and services (AED1.47 billion).

Market Cap: AED17.86B

Dubai Investments PJSC shows a robust financial position with short-term assets of AED9.1 billion comfortably covering both short-term and long-term liabilities. The company has improved its net profit margins to 42.9% from the previous year, driven partly by a significant one-off gain of AED1.1 billion. Although the debt to equity ratio has decreased over five years, interest coverage remains tight at 2.4x EBIT, and operating cash flow does not sufficiently cover debt obligations. Despite earnings growth outpacing industry averages last year, future earnings are expected to decline slightly by 2.7% annually over the next three years.

Click here to discover the nuances of Dubai Investments PJSC with our detailed analytical financial health report.

Assess Dubai Investments PJSC's future earnings estimates with our detailed growth reports.

DFM:DIC Debt to Equity History and Analysis as at Feb 2026

Saudi Industrial Export

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

Overview: Saudi Industrial Export Company offers supply chain and trade solutions in the Middle East and African regions with a market cap of SAR484.06 million.

Operations: The company has not reported any specific revenue segments.

Market Cap: SAR484.06M

Saudi Industrial Export Company, with a market cap of SAR484.06 million, is currently pre-revenue and unprofitable, having seen losses increase by 3.3% annually over the past five years. The company’s short-term assets of SAR40.4 million exceed both its short-term liabilities (SAR8.8 million) and long-term liabilities (SAR206,400), indicating a solid liquidity position despite its lack of revenue generation. Recent board restructuring includes appointing Halim bin Ali Essayem as Managing Director and forming an Audit Committee with experienced members from diverse financial backgrounds to enhance governance amid high share price volatility and an inexperienced board averaging 0.9 years in tenure.

Click to explore a detailed breakdown of our findings in Saudi Industrial Export's financial health report.

Evaluate Saudi Industrial Export's historical performance by accessing our past performance report.

SASE:4140 Financial Position Analysis as at Feb 2026

Taking Advantage

Click this link to deep-dive into the 74 companies within our  Middle Eastern Penny Stocks screener.

Want To Explore Some Alternatives? Trump's oil boom is here — pipelines are primed to profit. Discover the 21 US stocks riding the wave.

_ 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:SCIDC DFM:DIC and SASE:4140.

This article was originally published by Simply Wall St.

Have feedback on this article? Concerned about the content? Get in touch with us directly._ Alternatively, email editorial-team@simplywallst.com_

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