ArabianBusiness.com - Middle East Business News
Saturday, 21 November 2009 | 04:30 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
1United Real Estate Company - KuwaitKuwaitLandlord and Developers0.0421.45
Million
KWD 1.870.43
2The Investment Dar CompanyKuwaitInvestment Companies0.44441.64
Million
KWD 0.170.19
3Gulf Stone CompanyOmanAggregates and Cut Stones0.631.23
Million
OMR 0.181.05
4Gulf Finance House - BahrainBahrainAsset Management0.95291.89
Million
USD 0.380.68
5Innovative InvestmentsBahrainInvestment Companies1.0645.19
Million
USD 0.530.53
6Mena HoldingKuwaitBuilding Contractors1.2493.00
Million
KWD 0.264.34
7Oman and Emirates Investment Holding CompanyOmanInvestment Companies1.27-63.50
Million
OMR 0.121.91
8International Leasing and Investment CompanyKuwaitAsset Management1.3573.15
Million
USD 0.260.43
9Oman Foods InternationalOmanMills and Bakeries1.482.36
Million
OMR 0.140.98
10National Pharmaceutical Industries OmanPharmaceutical and Biotechnology1.62-2.13
Million
OMR 0.061.22
11Musandam Investment and Marketing Company OmanInvestment Companies1.69-0.06
Million
OMR 0.120.41
12Sweets of Oman OmanCandy and Confections1.731.16
Million
OMR 0.963.74
13Amlak Finance - JordanJordanInvestment Companies1.971.50
Million
JOD 0.430.83
14Gulf Plastic Industries CompanyOmanPlastic and PVC2.060.35
Million
OMR 0.190.50
15United Gulf BankBahrainAsset Management2.24207.28
Million
USD 0.461.21
16DAMAC Real Estate Development Jordan CompanyJordanLandlord and Developers2.330.21
Million
JOD 0.040.01
17National Industries Group HoldingKuwaitMulti-line2.37989.34
Million
KWD 0.141.27
18Tamdeen Real Estate CompanyKuwaitLandlord and Developers2.7947.69
Million
KWD 0.100.93
19Al Fajar Al Alamia CompanyOmanChemicals2.884.18
Million
OMR 0.690.96
20The Islamic Insurance Company JordanInsurance Companies3.0510.15
Million
JOD 0.651.53
21Al Arabiya Real Estate Company KuwaitLandlord and Developers3.230.25
Million
KWD 0.020.40
22Injazzat Real Estate Development CompanyKuwaitInvestment Funds3.2953.78
Million
KWD 0.050.69
23RAK PropertiesUAELandlord and Developers3.29103.31
Million
AED 0.210.44
24Rasamny Younis Motor CompanyLebanonDealers and Distributers3.2910.46
Million
LBP 1,436.400.66
25Computer Stationery Industry OmanComputer and Peripherals3.490.99
Million
OMR 0.091.65
26Hits Telecom Holding CompanyKuwaitTelecommunication Services3.5617.53
Million
KWD 0.032.38
27Nass CorporationBahrainBuilding Contractors3.5834.57
Million
BHD 0.081.53
28A'Saffa Poultry FarmsOmanMeat and Poultry3.714.63
Million
OMR 0.271.10
29Bank of Beirut - LebanonLebanonAsset Management3.7144.33
Million
USD 3.261.21
30National Packaging Factory OmanPaper and Card Board3.840.40
Million
OMR 0.590.84
31Aabar InvestmentsUAEOil and Gas Production3.90196.46
Million
AED 0.623.30
32Al Ahlia Converting IndustriesOmanHygenic Paper Products4.000.01
Million
OMR 0.050.00
33Ras Al Khaimah Ceramic CompanyUAECeramic and Sanitary Ware4.1450.35
Million
AED 0.390.61
34Seef PropertiesBahrainLandlord and Developers4.2441.70
Million
BHD 0.030.66
35Qatar Fuel CompanyQatarDistribution and Marketing4.34331.22
Million
QAR 37.962.13
36National Marine Dredging CompanyUAEExcavation and Dredging4.4272.29
Million
AED 1.831.01
37Munshaat Real Estate Projects CompanyKuwaitLandlord and Developers4.5827.16
Million
KWD 0.020.22
38Omani Packaging CompanyOmanPaper and Card Board4.611.18
Million
OMR 0.041.42
39Jordanian Pharmaceutical Manufacturing CompanyJordanPharmaceutical and Biotechnology4.671.65
Million
JOD 0.280.75
40United Development CompanyQatarInvestment Companies4.72160.30
Million
QAR 7.631.36
41Jordan Vegetable Oil Industries CompanyJordanEdible Oil4.91-0.16
Million
JOD 0.491.99
42Bahrain Commercial Facilities Company BahrainDealers and Distributers5.0230.34
Million
BHD 0.081.06
43Al Batinah Hotels CompanyOmanHotel Management5.161.48
Million
OMR 0.581.17
44Fujairah Cement Industries CompanyUAECement5.2153.26
Million
AED 0.430.85
45Dubai National Insurance and Reinsurance UAEInsurance Companies5.2411.85
Million
AED 0.441.50
46Arabtec HoldingUAEEngineering Services5.26260.83
Million
AED 0.591.97
47Ras Al Khaimah Cement CompanyUAECement5.4921.79
Million
AED 0.210.71
48United Finance Company OmanDiversified Financial Services5.5111.63
Million
OMR 0.031.04
49Baton for Blocks and Inter Locking TilesJordanCeramic and Sanitary Ware5.550.57
Million
JOD 0.120.64
50Jordan Phosphate Mines CompanyJordanNonmetallic Minerals5.57337.51
Million
JOD 3.073.08
51Al Khazna Insurance CompanyUAEInsurance Companies5.639.15
Million
AED 0.190.65
52Emirates Driving CompanyUAETraining Institutes5.7818.78
Million
AED 0.782.08
53Agility - KuwaitKuwaitFreight Forwarding Services5.87496.05
Million
KWD 0.151.25
54Dubai Investments CompanyUAEInvestment Companies5.89431.03
Million
AED 0.200.60
55National Bank of Ras Al KhaimahUAECommercial Banks6.03173.15
Million
AED 0.711.99
56Al Safat Tec Holding CompanyKuwaitComputer and Peripherals6.07-28.25
Million
KWD 0.010.48
57Commercial Facilities CompanyKuwaitDiversified Financial Services6.1153.50
Million
KWD 0.051.03
58Bank Audi - LebanonLebanonCommercial Banks6.18234.84
Million
LBP 6,355.911.00
59Areej Vegetable Oils and DerivativesOmanEdible Oil6.183.90
Million
OMR 0.391.73
60Transport and Investment Barter Company JordanDiversified Transport Services6.204.10
Million
JOD 0.180.85
61Gulf Navigation HoldingUAEPipeline and Shipping6.2840.36
Million
AED 0.110.69
62Kuwait Portland Cement CompanyKuwaitCement6.33-30.72
Million
KWD 0.111.21
63Bahrain Tourism CompanyBahrainLandlord and Developers6.3511.23
Million
BHD 0.050.87
64AES BarkaOmanElectricity Supply6.4020.02
Million
OMR 0.245.02
65IFA Hotels and Resorts - KuwaitKuwaitHotel Management6.44108.24
Million
KWD 0.072.04
66National Mobile Telecommunications Company - KuwaitKuwaitInternet Service Providers6.47289.22
Million
KWD 0.221.96
67Gulf Mushroom Products CompanyOmanCanned and Frozen Goods6.501.96
Million
OMR 0.061.91
68Gulf Glass Manufacturing CompanyKuwaitGlass and Mirrors6.616.62
Million
KWD 0.102.74
69Union Cement CompanyUAECement6.6242.31
Million
AED 0.240.75
70Al Eqbal Investment CompanyJordanTobacco6.6510.53
Million
JOD 0.431.63
71Qatar Industrial Manufacturing CompanyQatarDiversified Manufacturing6.6851.75
Million
QAR 6.361.36
72Abu Dhabi Ship BuildingUAEShipbuilding and Repair6.7028.05
Million
AED 0.512.57
73Jordanian Duty Free ShopsJordanDepartment and Variety Stores6.737.99
Million
JOD 1.382.65
74Byblos BankLebanonCommercial Banks6.74114.86
Million
LBP 456.571.04
75National Corporation for Tourism and HotelsUAECatering Services6.8324.78
Million
AED 1.211.77
76Bank of Jordan - JordanJordanCommercial Banks6.8546.46
Million
JOD 0.331.25
77Abu Dhabi National Energy CompanyUAEElectricity Supply6.87496.91
Million
AED 0.181.31
78Safwan Trading and Contracting CompanyKuwaitBeverages and Juices6.886.64
Million
KWD 0.031.38
79Oman Fiber Optic CompanyOmanCommunication Equipments6.964.97
Million
OMR 0.471.72
80Jordan Chemical Industries Company JordanPaints and Coatings6.980.72
Million
JOD 0.401.61
81Al Salam Bank - BahrainBahrainAsset Management7.0367.76
Million
BHD 0.010.85
82BLOM Bank LebanonAsset Management7.13243.27
Million
LBP 10,000.001.39
83Hayat Communications CompanyKuwaitTelecommunication Services7.178.62
Million
KWD 0.041.73
84United Power Company OmanElectricity Supply7.246.33
Million
OMR 0.130.99
85Oman Hotels and Tourism CompanyOmanHotel Management7.288.37
Million
OMR 0.510.77
86National Cement CompanyUAECement7.3152.81
Million
AED 0.460.47
87Sharjah Cement and Industrial Development CompanyUAECement7.3368.52
Million
AED 0.230.60
88Abu Dhabi Islamic Bank - UAEUAEAsset Management7.36231.76
Million
AED 0.411.07
89Jordanian Management and Consultancy CompanyJordanBusiness Consulting Services7.410.30
Million
JOD 0.160.86
90Jordan Cement Factories CompanyJordanCement7.4169.72
Million
JOD 0.962.34
91Kuwait National Cinema CompanyKuwaitFilm and Music7.4316.52
Million
KWD 0.111.79
92Deyaar Development CompanyUAELandlord and Developers7.44298.16
Million
AED 0.100.56
93Abu Dhabi Aviation CompanyUAESpecialized Aviation Services7.5229.04
Million
AED 0.360.90
94Gulf Hotels GroupBahrainHotel Management7.5227.05
Million
BHD 0.082.14
95Future Communications Company GlobalKuwaitTelecommunication Services7.5311.50
Million
KWD 0.041.97
96Union National Bank - UAEUAEAsset Management7.59382.46
Million
AED 0.481.00
97National Gas Company - OmanOmanDistribution and Marketing7.601.63
Million
OMR 0.571.03
98Jordan Kuwait BankJordanCommercial Banks7.7265.69
Million
JOD 0.491.59
99Sahara Hospitality CompanyOmanLandlord and Developers7.743.25
Million
OMR 0.251.20
100National Hotels CompanyBahrainHotel Management7.9715.50
Million
BHD 0.060.75
101Advanced Technology CompanyKuwaitHealthcare Services8.0017.26
Million
KWD 0.072.25
102BLC Bank - LebanonLebanonCommercial Banks8.0322.98
Million
LBP 233.400.40
103Emirates NBDUAEAsset Management8.081.00 BillionAED 0.571.00
104Bahrain Telecommunications CompanyBahrainInternet Service Providers8.13276.42
Million
BHD 0.071.89
105Dubai Islamic Bank - UAEUAEAsset Management8.17471.08
Million
AED 0.351.14
106Dhofar International Development and Investment Holding CompanyOmanInvestment Companies8.1717.06
Million
OMR 0.051.24
107Qatar TelecomQatarFixed Line Operators8.23625.62
Million
QAR 18.221.66
108Gulf International Services CompanyQatarOilfield Services and Equipment8.25126.90
Million
QAR 3.922.64
109Al Kamil Power CompanyOmanElectricity Supply8.255.31
Million
OMR 0.221.48
110Bank of SharjahUAECommercial Banks8.37111.63
Million
AED 0.241.05
111Kuwait Hotels CompanyKuwaitCatering Services8.423.80
Million
KWD 0.031.71
112Al Isra for Education and Investment JordanEducational Institutes8.435.36
Million
JOD 0.251.57
113ALDAR PropertiesUAELandlord and Developers8.51938.38
Million
AED 0.640.88
114Oman Telecommunications CompanyOmanFixed Line Operators8.51308.13
Million
OMR 0.162.67
115United Paper IndustriesBahrainPaper and Card Board8.551.11
Million
BHD 0.051.73
116Oman ChlorineOmanChemicals8.567.43
Million
OMR 0.042.00
117Amwal InvestJordanAsset Management8.605.70
Million
JOD 0.130.77
118Banque BemoLebanonCommercial Banks8.607.49
Million
LBP 784.880.44
119Qatar National Cement CompanyQatarCement8.64113.64
Million
QAR 9.322.19
120Société Libanaise des Ciments BlancsLebanonCement8.693.26
Million
LBP 543.601.81
121Bahrain Kuwait Insurance CompanyBahrainInsurance Companies8.719.87
Million
BHD 0.061.39
122Albaraka Banking GroupBahrainCommercial Banks8.71113.70
Million
USD 0.130.74
123Qatar Company for Meat and Livestock TradingQatarMeat and Poultry8.7210.81
Million
QAR 2.241.57
124First Gulf Bank UAEAsset Management8.75818.20
Million
AED 2.131.57
125Oman National Dairy Products CompanyOmanBeverages and Juices8.808.72
Million
OMR 0.140.00
126Qatar Shipping Company - QatarQatarElectro-Mechanical Contractors8.83142.27
Million
QAR 3.800.92
127Air ArabiaUAEPassenger Airlines8.84138.78
Million
AED 0.120.89
128Qatar Real Estate Investment CompanyQatarInvestment Companies8.8585.56
Million
QAR 2.981.12
129Delmon Poultry CompanyBahrainMeat and Poultry8.862.29
Million
BHD 0.030.52
130Livestock Transport and Trading CompanyKuwaitMeat and Poultry8.92-9.19
Million
KWD 0.031.37
131Alargan International Real Estate CompanyKuwaitInvestment Funds8.9534.25
Million
KWD 0.020.98
132Zarka Education and Investment Company JordanCollege and Universities9.032.92
Million
JOD 0.252.03
133Kout Food GroupKuwaitRestaurants and Cafes9.0317.92
Million
KWD 0.041.08
134Doha BankQatarCommercial Banks9.04260.04
Million
QAR 5.371.79
135United Financial Investments CompanyJordanAsset Management9.065.40
Million
JOD 0.311.23
136Ahli Bank - QatarQatarCommercial Banks9.17116.98
Million
QAR 6.002.06
137Qatar NavigationQatarShipbuilding and Repair9.18158.07
Million
QAR 7.150.84
138Bahrain Maritime and Mercantile InternationalBahrainCanned and Frozen Goods9.2426.90
Million
BHD 0.071.91
139Ibrid District Electricity CompanyJordanElectricity Supply9.335.35
Million
JOD 0.973.35
140Boubyan Petrochemical CompanyKuwaitRefining and Petrochemicals9.3871.35
Million
KWD 0.040.86
141Salalah Beach ResortOmanHotel Management9.441.98
Million
OMR 0.151.87
142Bahrain Ship Repairing and Engineering CompanyBahrainShipbuilding and Repair9.549.82
Million
BHD 0.181.24
143Commercial Bank of DubaiUAECommercial Banks9.56210.01
Million
AED 0.401.43
144Salam International InvestmentQatarMulti-line9.6242.27
Million
QAR 1.190.76
145CommercialbankQatarCommercial Banks9.62496.95
Million
QAR 6.971.45
146Renaissance Services OmanMulti-line9.6262.07
Million
OMR 0.071.58
147A'ayan Real Estate CompanyKuwaitLandlord and Developers9.6324.12
Million
KWD 0.010.59
148Arab Potash CompanyJordanFertilizer Manufacturing9.64440.44
Million
JOD 3.484.35
149Doha Insurance Company QatarInsurance Companies9.7012.96
Million
QAR 2.471.19
150Euro-Arab Insurance GroupJordanInsurance Companies9.791.16
Million
JOD 0.100.84
151Zad Holding CompanyQatarMills and Bakeries9.8013.10
Million
QAR 6.161.34
152Union Advanced Industries CompanyJordanContainers and Packaging9.821.72
Million
JOD 0.261.11
153Emirates Telecommunications CorporationUAEFixed Line Operators9.842.36 BillionAED 1.162.82
154National Bank of Abu DhabiUAEAsset Management9.87821.87
Million
AED 1.362.03
155Muscat Gases CompanyOmanDistribution and Marketing9.953.23
Million
OMR 0.052.42
156Agthia GroupUAEAnimal Feed9.9619.66
Million
AED 0.191.42
157United Insurance Company - UAEUAEInsurance Companies9.983.60
Million
AED 0.381.24
158Arab Banking Corporation - JordanJordanCommercial Banks10.0314.03
Million
JOD 0.110.96
159Kuwait Gypsum Manufacturing and Trading CompanyKuwaitBuilding Materials10.082.03
Million
KWD 0.021.28
160Arab Pesticides and Veterinary Drugs Manufacturing Company JordanChemicals10.102.34
Million
JOD 0.181.35
161Gulf International ChemicalsOmanChemicals10.111.14
Million
OMR 0.033.02
162Cairo Amman BankJordanCommercial Banks10.1428.71
Million
JOD 0.241.41
163Port Services CorporationOmanMarine and Seaport Services10.1420.07
Million
OMR 0.061.87
164National Petroleum Services CompanyKuwaitOilfield Services and Equipment10.220.67
Million
KWD 0.021.41
165MashreqUAEAsset Management10.30447.27
Million
AED 8.831.46
166Al Anwar Ceramic Tiles CompanyOmanCeramic and Sanitary Ware10.329.27
Million
OMR 0.043.57
167Nafaaes Holding KuwaitCollege and Universities10.472.84
Million
KWD 0.0113.57
168Taageer Finance CompanyOmanDiversified Financial Services10.506.24
Million
OMR 0.021.17
169BBKBahrainAsset Management10.5571.83
Million
BHD 0.041.63
170Oman Oil Marketing Company OmanDistribution and Marketing10.5716.43
Million
OMR 0.082.76
171Al Omaniya Financial ServicesOmanDiversified Financial Services10.598.58
Million
OMR 0.241.56
172Galfar Engineering and Contracting - OmanOmanBuilding Materials10.6859.52
Million
OMR 0.062.16
173Gulf Pharmaceutical IndustriesUAEPharmaceutical and Biotechnology10.7036.46
Million
AED 0.160.94
174Abu Dhabi National HotelsUAECatering Services10.7079.70
Million
AED 0.370.49
175Bahrain Duty Free Shop ComplexBahrainDepartment and Variety Stores10.7115.99
Million
BHD 0.081.53
176Majan Glass CompanyOmanGlass and Mirrors10.775.21
Million
OMR 0.072.79
177National Real Estate CompanyKuwaitMulti-line10.7764.18
Million
KWD 0.020.99
178Oman Holdings International Company OmanInvestment Companies10.793.23
Million
OMR 0.031.07
179Union Tobacco and Cigarette Industries CompanyJordanTobacco10.795.15
Million
JOD 0.261.30
180Waha CapitalUAEInvestment Companies10.8146.49
Million
AED 0.111.04
181Salam International Transport and TradingJordanMaritime Shipping10.852.34
Million
JOD 0.151.06
182Gulf Hotels Company OmanHotel Management10.878.84
Million
OMR 0.951.17
183Qatar Insurance Company - QatarQatarInsurance Companies10.92140.33
Million
QAR 5.951.88
184Combined Group Contracting CompanyKuwaitBuilding Contractors11.0229.81
Million
KWD 0.113.51
185The National Detergent Company OmanHousehold Chemicals11.091.22
Million
OMR 0.050.93
186Qatar Electricity and Water CompanyQatarElectricity Supply11.12207.88
Million
QAR 8.807.48
187BankMuscatOmanAsset Management11.12243.48
Million
OMR 0.081.35
188Al Maha Petroleum Products Marketing Company OmanDistribution and Marketing11.1519.09
Million
OMR 0.852.36
189Abu Dhabi National Company for Building MaterialsUAEBuilding Materials11.1525.13
Million
AED 0.181.61
190Investment BankJordanAsset Management11.2112.55
Million
JOD 0.131.21
191National Leasing HoldingQatarEquipment Leasing11.2715.14
Million
QAR 1.861.51
192Oman International BankOmanCommercial Banks11.3476.56
Million
OMR 0.031.56
193Kuwait Bahrain International Exchange CompanyKuwaitForeign Exchange Dealers11.353.25
Million
KWD 0.021.58
194Jordan Ahli BankJordanAsset Management11.5224.54
Million
JOD 0.130.81
195Abu Dhabi National Insurance Company - UAEUAEInsurance Companies11.5557.25
Million
AED 0.621.49
196Dhofar Beverages and Foodstuff CompanyOmanBeverages and Juices11.57-1.29
Million
OMR 0.022.01
197Muscat Finance CompanyOmanDiversified Financial Services11.586.65
Million
OMR 0.031.99
198Al Kout Industrial Projects CompanyKuwaitChemicals11.719.11
Million
KWD 0.031.81
199Jordan Islamic Bank for Finance and InvestmentJordanCommercial Banks11.7249.71
Million
JOD 0.282.03
200Petra Education Company JordanCollege and Universities11.743.98
Million
JOD 0.282.60

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