Three Middle Eastern Penny Stocks with Market Capitalizations Below $600 Million

Market Overview: Middle Eastern stock markets are showing mixed performances due to declining oil prices and speculation about potential U.S. Federal Reserve rate cuts, while penny stocks remain a viable investment option for those seeking value in smaller companies.

E7 Group PJSC: This UAE-based company in the commercial printing and packaging sector has a market cap of AED2.08 billion, but reported a decline in sales and net income in the third quarter, despite being debt-free and having a strong asset base.

Inter Industries Plus Ltd.: Operating in Israel's energy and infrastructure sectors with a market cap of ₪97.70 million, the company is currently unprofitable but maintains a healthy net debt to equity ratio and sufficient short-term assets to cover liabilities.

PlantArc Bio Ltd.: This Ag-Bio company, focused on crop protection, has a market cap of ₪7.05 million and is pre-revenue. It has no debt and a strong cash runway, with recent patent grants potentially enhancing its future financial performance.