ArabianBusiness.com - Middle East Business News
Monday, 06 July 2009 | 01:01 UAE time

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Seeking Alpha - GCC stocks to watch

These are the best of times to be an investor in GCC stock markets. With the Tadawul about to open up to foreign investors for the first time, and the increasing internationalisation of bourses across the region, liquidity looks set to buoy the markets as we move into final months of 2008.


But where should investors be headed?


Which stocks are ripe for investment?


The first port of call to assess whether a stock is under or over valued is its price to earnings ratio. In this table we have ranked - from lowest (and therefore potentially better value) to highest the 100 must under valued stocks in the region.


The question you need to work out is why...? Is there a legitimate reason the stocks are valued at that price, or have investors missed a trick?


For those wishing to go further, click on a company name for the full financial profile of that company, interactive stock charts, company profile, the latest news stories, disclosures, press releases... from that company.


The table also includes other key ratios - Earnings Per Share, and Price to Book value, along with the company's Net Profit.


The figures quoted in the chart are kept up to date dynamically pulling from a live markets feed.


All prices are in USD.

# COMPANY COUNTRY INDUSTRY PE Ratio NET PROFIT EPS PRICE TO BOOK
1Innovative InvestmentsBahrainInvestment Companies1.0645.19
Million
USD 0.530.53
2Gulf Stone CompanyOmanAggregates and Cut Stones1.091.23
Million
OMR 0.101.01
3Oman Foods InternationalOmanMills and Bakeries1.232.36
Million
OMR 0.171.05
4International Leasing and Investment CompanyKuwaitAsset Management1.3573.15
Million
USD 0.260.43
5Sweets of Oman OmanCandy and Confections1.481.16
Million
OMR 0.752.46
6Oman and Emirates Investment Holding CompanyOmanInvestment Companies1.48-63.50
Million
OMR 0.122.22
7Mena HoldingKuwaitBuilding Contractors1.5492.22
Million
KWD 0.306.30
8Al Fajar Al Alamia CompanyOmanChemicals1.652.97
Million
OMR 1.811.08
9Gulf Finance House - BahrainBahrainAsset Management1.98291.89
Million
USD 0.450.87
10The Investment Dar CompanyKuwaitInvestment Companies2.21437.93
Million
KWD 0.030.19
11Securities GroupKuwaitInvestment Banks2.27121.43
Million
KWD 0.110.64
12Aabar InvestmentsUAEOil and Gas Production2.38196.47
Million
AED 0.892.89
13Gulf Plastic Industries CompanyOmanPlastic and PVC2.670.35
Million
OMR 0.140.50
14Computer Stationery Industry OmanComputer and Peripherals2.750.99
Million
OMR 0.121.65
15Tamdeen Real Estate CompanyKuwaitLandlord and Developers2.7947.29
Million
KWD 0.100.93
16Dubai Investments CompanyUAEInvestment Companies2.92431.07
Million
AED 0.410.61
17A'Saffa Poultry FarmsOmanMeat and Poultry3.014.63
Million
OMR 0.341.10
18The Islamic Insurance Company JordanInsurance Companies3.1410.17
Million
JOD 0.651.57
19United Gulf BankBahrainAsset Management3.16207.28
Million
USD 0.461.73
20National Industries Group HoldingKuwaitMulti-line3.20981.05
Million
KWD 0.151.77
21ALDAR PropertiesUAELandlord and Developers3.22938.46
Million
AED 1.180.61
22Rasamny Younis Motor CompanyLebanonDealers and Distributers3.2910.45
Million
LBP 1,436.400.66
23Al Khaleej Insurance and Reinsurance CompanyQatarInsurance Companies3.3023.90
Million
QAR 9.570.95
24Oman National Dairy Products CompanyOmanBeverages and Juices3.468.72
Million
OMR 0.360.00
25Interior Hotels CompanyOmanHotel Management3.551.41
Million
OMR 0.620.85
26Khaleeji Commercial BankBahrainAsset Management3.5772.43
Million
BHD 0.041.07
27Bank of Beirut - LebanonLebanonAsset Management3.7144.33
Million
USD 3.261.21
28Arabtec HoldingUAEEngineering Services3.75260.86
Million
AED 0.741.76
29National Marine Dredging CompanyUAEExcavation and Dredging3.8272.30
Million
AED 1.830.87
30Qatar Fuel CompanyQatarDistribution and Marketing3.92331.15
Million
QAR 43.162.18
31Nass CorporationBahrainBuilding Contractors3.9334.57
Million
BHD 0.061.38
32Seef PropertiesBahrainLandlord and Developers3.9641.70
Million
BHD 0.030.64
33National Packaging Factory OmanPaper and Card Board3.990.40
Million
OMR 0.570.84
34Jordan Vegetable Oil Industries CompanyJordanEdible Oil4.06-0.16
Million
JOD 0.491.64
35Tamweel - UAEUAEMortgage and Home Finance4.06125.43
Million
AED 0.240.43
36Union PropertiesUAELandlord and Developers4.14207.78
Million
AED 0.230.58
37Sorouh Real EstateUAELandlord and Developers4.29505.94
Million
AED 0.651.17
38Dubai Insurance CompanyUAEInsurance Companies4.3018.29
Million
AED 6.710.93
39Bahrain Commercial Facilities Company BahrainDealers and Distributers4.3130.34
Million
BHD 0.091.01
40National Corporation for Tourism and HotelsUAECatering Services4.3624.79
Million
AED 1.030.96
41Injazzat Real Estate Development CompanyKuwaitInvestment Funds4.3753.33
Million
KWD 0.050.92
42Alargan International Real Estate CompanyKuwaitInvestment Funds4.4233.96
Million
KWD 0.040.80
43Sharjah Cement and Industrial Development CompanyUAECement4.4568.53
Million
AED 0.430.67
44RAK PropertiesUAELandlord and Developers4.53103.32
Million
AED 0.170.49
45Deyaar Development CompanyUAELandlord and Developers4.78112.23
Million
AED 0.160.62
46National Bank of Ras Al KhaimahUAECommercial Banks4.78173.17
Million
AED 0.681.51
47Ras Al Khaimah Ceramic CompanyUAECeramic and Sanitary Ware4.7950.35
Million
AED 0.330.60
48Gulf Mushroom Products CompanyOmanCanned and Frozen Goods4.841.96
Million
OMR 0.061.34
49United Financial Investments CompanyJordanAsset Management4.895.41
Million
JOD 0.701.51
50Abu Dhabi National Energy CompanyUAEElectricity Supply4.90496.96
Million
AED 0.311.56
51Dubai National Insurance and Reinsurance UAEInsurance Companies4.9211.85
Million
AED 0.481.52
52Emirates NBDUAEAsset Management5.031.00 BillionAED 0.700.76
53Hits Telecom Holding CompanyKuwaitTelecommunication Services5.1117.38
Million
KWD 0.033.42
54Bayan Investment CompanyKuwaitAsset Management5.1738.94
Million
KWD 0.030.93
55Bahrain Tourism CompanyBahrainLandlord and Developers5.1911.23
Million
BHD 0.060.88
56Al Salam Bank - BahrainBahrainAsset Management5.3067.76
Million
BHD 0.020.80
57Fujairah Cement Industries CompanyUAECement5.3253.27
Million
AED 0.611.22
58Safwan Trading and Contracting CompanyKuwaitBeverages and Juices5.336.59
Million
KWD 0.041.27
59Union National Bank - UAEUAEAsset Management5.42382.49
Million
AED 0.660.99
60BLOM Bank LebanonAsset Management5.47201.64
Million
LBP 10,000.002.41
61United Finance Company OmanDiversified Financial Services5.5111.63
Million
OMR 0.031.04
62United Development CompanyQatarInvestment Companies5.53160.27
Million
QAR 5.701.19
63Pearl of Kuwait Real Estate Company KuwaitLandlord and Developers5.5914.86
Million
KWD 0.041.90
64Abu Dhabi Ship BuildingUAEShipbuilding and Repair5.6028.05
Million
AED 0.492.05
65Qatar Company for Meat and Livestock TradingQatarMeat and Poultry5.6110.80
Million
QAR 2.551.15
66Jordan National Shipping Lines Company JordanMaritime Shipping5.694.09
Million
JOD 0.321.31
67Transport and Investment Barter Company JordanDiversified Transport Services5.734.11
Million
JOD 0.220.96
68Dubai Islamic Bank - UAEUAEAsset Management5.79471.12
Million
AED 0.431.01
69United Power Company OmanElectricity Supply5.876.33
Million
OMR 0.140.82
70Amad Investment and Real Estate DevelopmentJordanLandlord and Developers5.872.29
Million
JOD 0.250.90
71Kuwait Commercial Markets Complex Company - KuwaitKuwaitLandlord and Developers5.8925.89
Million
KWD 0.030.83
72Gulf International ChemicalsOmanChemicals6.001.14
Million
OMR 0.031.38
73Qatar Industrial Manufacturing CompanyQatarDiversified Manufacturing6.0051.74
Million
QAR 6.661.28
74Arab Financial Investment CompanyJordanAsset Management6.077.76
Million
JOD 0.461.28
75Baton for Blocks and Inter Locking TilesJordanCeramic and Sanitary Ware6.070.57
Million
JOD 0.120.70
76Ras Al Khaimah Cement CompanyUAECement6.0921.79
Million
AED 0.210.75
77Securities and Investment CompanyBahrainAsset Management6.12-3.71
Million
BHD 0.052.63
78Abu Dhabi Islamic Bank - UAEUAEAsset Management6.17231.78
Million
AED 0.460.99
79Bank Audi - LebanonLebanonCommercial Banks6.18234.84
Million
LBP 6,355.911.00
80Al Madina for Finance and Investment CompanyKuwaitAsset Management6.204.20
Million
KWD 0.020.62
81Jordan Phosphate Mines CompanyJordanNonmetallic Minerals6.21338.14
Million
JOD 3.483.88
82Mohammad Al Mojil GroupSaudi ArabiaElectro-Mechanical Contractors6.24152.11
Million
SAR 5.002.05
83Future Communications Company GlobalKuwaitTelecommunication Services6.2711.41
Million
KWD 0.041.61
84Delmon Poultry CompanyBahrainMeat and Poultry6.302.29
Million
BHD 0.030.51
85Bank of Jordan - JordanJordanCommercial Banks6.3246.55
Million
JOD 0.341.18
86Doha Insurance Company QatarInsurance Companies6.3412.95
Million
QAR 2.960.93
87Qatar Islamic Insurance CompanyQatarInsurance Companies6.3718.82
Million
QAR 4.571.54
88Société Libanaise des Ciments BlancsLebanonCement6.392.69
Million
LBP 449.001.16
89Bahrain Telecommunications CompanyBahrainInternet Service Providers6.46276.44
Million
BHD 0.091.86
90Ahli Bank - QatarQatarCommercial Banks6.50116.95
Million
QAR 7.281.77
91Qatar General Insurance and ReinsuranceQatarInsurance Companies6.5062.15
Million
QAR 8.311.19
92Doha BankQatarCommercial Banks6.50259.99
Million
QAR 5.751.38
93Gulf General Investment CompanyUAEInvestment Companies6.51121.26
Million
AED 0.280.90
94Byblos BankLebanonCommercial Banks6.52115.81
Million
LBP 422.910.78
95Commercial Facilities CompanyKuwaitDiversified Financial Services6.5353.05
Million
KWD 0.051.10
96BankMuscatOmanAsset Management6.54243.48
Million
OMR 0.111.09
97First Gulf Bank UAEAsset Management6.58818.27
Million
AED 2.181.21
98Emirates Driving CompanyUAETraining Institutes6.5818.79
Million
AED 0.651.97
99Dar Al Arkan Real Estate Development CompanySaudi ArabiaLandlord and Developers6.59628.32
Million
SAR 4.081.65
100Saudi Arabian Fertilizer CompanySaudi ArabiaRefining and Petrochemicals6.611.14 BillionSAR 17.133.52
101CommercialbankQatarCommercial Banks6.63496.86
Million
QAR 9.581.38
102Dhofar Poultry CompanyOmanMeat and Poultry6.66-0.28
Million
OMR 0.040.37
103Zad Holding CompanyQatarMills and Bakeries6.7313.10
Million
QAR 5.930.88
104Abu Dhabi Commercial BankUAEAsset Management6.77336.70
Million
AED 0.260.53
105Saudi Printing and Packaging CompanySaudi ArabiaCommercial Printing6.7840.14
Million
SAR 2.511.29
106Oman Fiber Optic CompanyOmanCommunication Equipments6.804.97
Million
OMR 0.491.72
107Gulf Hotels GroupBahrainHotel Management6.8027.06
Million
BHD 0.081.89
108Port Services CorporationOmanMarine and Seaport Services6.8220.07
Million
OMR 0.071.48
109Sohar Power CompanyOmanElectricity Supply6.8311.14
Million
OMR 0.194.03
110Al Batinah Hotels CompanyOmanHotel Management6.881.48
Million
OMR 0.581.56
111Hayat Communications CompanyKuwaitTelecommunication Services6.918.55
Million
KWD 0.041.93
112Al Shamikha Real Estate and Financial Investments JordanInvestment Companies6.920.36
Million
JOD 0.300.97
113Al Eqbal Investment CompanyJordanTobacco6.9510.55
Million
JOD 0.401.55
114Salam International InvestmentQatarMulti-line6.9842.27
Million
QAR 1.350.63
115Abu Dhabi National Company for Building MaterialsUAEBuilding Materials7.0125.13
Million
AED 0.311.69
116Finance HouseUAEDiversified Financial Services7.0167.76
Million
AED 0.701.38
117Arabian Steel Pipes Manufacturing CompanyJordanFabricated Metals Products7.044.35
Million
JOD 0.341.40
118Shareco Brokerage Company JordanStock Brokers7.041.67
Million
JOD 0.100.59
119AES BarkaOmanElectricity Supply7.1020.02
Million
OMR 0.245.58
120Century Investment Group JordanInvestment Companies7.110.80
Million
JOD 0.110.64
121Gulf Navigation HoldingUAEPipeline and Shipping7.1740.36
Million
AED 0.110.78
122Sudatel Group for TelecommunicationSudanFixed Line Operators7.18169.22
Million
USD 0.150.62
123Comprehensive Land Development and Investment JordanBuilding Materials7.20-0.89
Million
JOD 0.100.71
124National Shipping Company of Saudi ArabiaSaudi ArabiaMaritime Shipping7.20199.99
Million
SAR 2.381.06
125First Finance Company - QatarQatarDiversified Financial Services7.2039.71
Million
QAR 3.101.53
126Oman Hotels and Tourism CompanyOmanHotel Management7.288.37
Million
OMR 0.510.77
127Al Mazaya Holding CompanyKuwaitInvestment Companies7.3245.38
Million
KWD 0.030.90
128Oman ChlorineOmanChemicals7.377.43
Million
OMR 0.051.99
129Industries QatarQatarPrimary Mining7.382.00 BillionQAR 14.343.19
130Union Advanced Industries CompanyJordanContainers and Packaging7.391.73
Million
JOD 0.371.20
131National Bank of Abu DhabiUAEAsset Management7.39821.94
Million
AED 1.371.53
132Saudi Arabian Refineries CompanySaudi ArabiaRefining and Petrochemicals7.423.16
Million
SAR 6.903.63
133Kuwait National Cinema CompanyKuwaitFilm and Music7.4316.38
Million
KWD 0.111.79
134Al Safat Tec Holding CompanyKuwaitComputer and Peripherals7.44-28.01
Million
KWD 0.010.81
135Kuwait Company for Process Plant Construction and ContractingKuwaitElectro-Mechanical Contractors7.496.12
Million
KWD 0.031.29
136Bahrain Duty Free Shop ComplexBahrainDepartment and Variety Stores7.5315.99
Million
BHD 0.111.57
137Gulf International Services CompanyQatarOilfield Services and Equipment7.5776.41
Million
QAR 3.562.20
138Bank of SharjahUAECommercial Banks7.57111.64
Million
AED 0.220.87
139Foodco HoldingsUAEWholesale Distributers7.588.23
Million
AED 0.280.98
140National Hotels CompanyBahrainHotel Management7.6115.50
Million
BHD 0.060.76
141Mubarrad Transport CompanyKuwaitPassenger Transport7.6111.82
Million
KWD 0.010.73
142Saudi Chemical CompanySaudi ArabiaChemicals7.6753.47
Million
SAR 3.701.64
143Bahrain Ship Repairing and Engineering CompanyBahrainShipbuilding and Repair7.679.82
Million
BHD 0.231.24
144Kuwait Gypsum Manufacturing and Trading CompanyKuwaitBuilding Materials7.712.01
Million
KWD 0.020.83
145Al Ammal Financial InvestmentJordanCommodity Brokers7.743.80
Million
JOD 0.221.51
146A'ayan Real Estate CompanyKuwaitLandlord and Developers7.7923.92
Million
KWD 0.020.69
147Agility - KuwaitKuwaitFreight Forwarding Services7.82491.89
Million
KWD 0.141.52
148Ibrid District Electricity CompanyJordanElectricity Supply7.885.35
Million
JOD 0.942.74
149Bahrain Maritime and Mercantile InternationalBahrainCanned and Frozen Goods7.8826.90
Million
BHD 0.071.64
150Gulf Pharmaceutical IndustriesUAEPharmaceutical and Biotechnology7.9036.47
Million
AED 0.190.81
151Qatar TelecomQatarFixed Line Operators7.91625.50
Million
QAR 17.151.50
152Commercial Bank of DubaiUAECommercial Banks8.01210.03
Million
AED 0.421.26
153Qatar Real Estate Investment CompanyQatarInvestment Companies8.0185.54
Million
QAR 2.981.01
154Emirates Telecommunications CorporationUAEFixed Line Operators8.022.36 BillionAED 1.272.51
155Jordanian Duty Free ShopsJordanDepartment and Variety Stores8.058.00
Million
JOD 1.132.59
156Areej Vegetable Oils and DerivativesOmanEdible Oil8.063.90
Million
OMR 0.301.73
157Qatar Shipping Company - QatarQatarElectro-Mechanical Contractors8.12142.25
Million
QAR 3.580.80
158Oman Telecommunications CompanyOmanFixed Line Operators8.18308.13
Million
OMR 0.162.59
159Sahara Hospitality CompanyOmanLandlord and Developers8.233.25
Million
OMR 0.231.20
160Qatar NavigationQatarShipbuilding and Repair8.25158.04
Million
QAR 7.390.79
161Air ArabiaUAEPassenger Airlines8.27138.79
Million
AED 0.110.82
162Kout Food GroupKuwaitRestaurants and Cafes8.3017.77
Million
KWD 0.051.53
163Oman National Engineering and Investment CompanyOmanElectricity Supply8.334.02
Million
OMR 0.061.33
164Cairo Amman BankJordanCommercial Banks8.3528.76
Million
JOD 0.241.15
165Qatar National Cement CompanyQatarCement8.38113.62
Million
QAR 9.572.18
166Oman Agricultural Development Company OmanCrops and Grains8.470.52
Million
OMR 0.181.15
167Samba Financial Group - Saudi ArabiaSaudi ArabiaAsset Management8.471.19 BillionSAR 4.941.90
168Agthia GroupUAEAnimal Feed8.4819.66
Million
AED 0.171.07
169Jordan Ahli BankJordanAsset Management8.5124.59
Million
JOD 0.170.81
170Saudi Basic Industries CorporationSaudi ArabiaPlastic and PVC8.515.87 BillionSAR 7.341.82
171Ahli United Bank - BahrainBahrainAsset Management8.61255.72
Million
USD 0.061.26
172Al Maha Petroleum Products Marketing Company OmanDistribution and Marketing8.6119.09
Million
OMR 0.932.00
173Dlala Brokerage and Investment HoldingQatarInvestment Companies8.6313.87
Million
QAR 1.901.36
174Saudi Cable Company - Saudi ArabiaSaudi ArabiaCables and Cable Accessories8.6656.55
Million
SAR 3.202.00
175Eastern Province Cement CompanySaudi ArabiaCement8.73115.79
Million
SAR 5.052.02
176Renaissance Services OmanMulti-line8.7862.07
Million
OMR 0.071.45
177Al Massaleh Real Estate CompanyKuwaitEngineering Services8.7810.68
Million
KWD 0.010.43
178Ezdan Real Estate CompanyQatarLandlord and Developers8.78372.75
Million
QAR 3.071.90
179Salalah Mills CompanyOmanMills and Bakeries8.824.07
Million
OMR 0.051.79
180Al Hassan Engineering Company - OmanOmanBuilding Contractors8.835.25
Million
OMR 0.031.86
181Jordan Cement Factories CompanyJordanCement8.8669.85
Million
JOD 0.782.29
182Al Kamil Power CompanyOmanElectricity Supply8.875.31
Million
OMR 0.211.57
183Gulf Rocks Company - KuwaitKuwaitCement8.9110.55
Million
KWD 0.031.09
184Yamama Saudi Cement CompanySaudi ArabiaCement8.94162.90
Million
SAR 4.531.92
185Jordanian Real Estate Company for Development JordanLandlord and Developers8.976.95
Million
JOD 0.100.72
186Jordan Kuwait BankJordanCommercial Banks8.9965.81
Million
JOD 0.471.78
187Sharjah Islamic BankUAECommercial Banks9.0263.05
Million
AED 0.110.56
188Arab Pesticides and Veterinary Drugs Manufacturing Company JordanChemicals9.022.34
Million
JOD 0.171.10
189Bahrain Flour Mills CompanyBahrainMills and Bakeries9.102.69
Million
BHD 0.030.45
190Banque BemoLebanonCommercial Banks9.108.00
Million
LBP 757.970.35
191Al Ain Ahlia Insurance CompanyUAEInsurance Companies9.1339.17
Million
AED 7.010.83
192Amwal InvestJordanAsset Management9.135.71
Million
JOD 0.130.80
193Al Isra for Education and Investment JordanEducational Institutes9.145.37
Million
JOD 0.251.70
194Qatar Islamic BankQatarCommercial Banks9.15451.17
Million
QAR 7.902.09
195Bank of Kuwait and Middle EastKuwaitCommercial Banks9.21178.72
Million
KWD 0.052.01
196Jordan Islamic Bank for Finance and InvestmentJordanCommercial Banks9.2249.80
Million
JOD 0.432.00
197Saudi Cement CompanySaudi ArabiaCement9.27165.68
Million
SAR 6.092.02
198United Insurance Company - UAEUAEInsurance Companies9.293.60
Million
AED 0.401.24
199Yanbu Cement CompanySaudi ArabiaCement9.29149.26
Million
SAR 5.182.14
200Fawaz Abdulaziz Alhokair and CompanySaudi ArabiaTextiles and Apparel9.3153.96
Million
SAR 2.892.18
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