As most Gulf markets experience a dip due to weak oil prices, with indices in Saudi Arabia and Dubai retreating, investors are keenly observing the region’s economic landscape for potential opportunities. In this context, identifying promising stocks involves looking for companies that demonstrate resilience and adaptability amidst fluctuating market conditions and economic reforms.
Name
Debt To Equity
Revenue Growth
Earnings Growth
Health Rating
Al Wathba National Insurance Company PJSC
10.97%
10.37%
3.14%
★★★★★★
Baazeem Trading
8.48%
-1.74%
-2.37%
★★★★★★
MOBI Industry
6.50%
5.60%
24.00%
★★★★★★
Sure Global Tech
NA
11.95%
18.65%
★★★★★★
Saudi Azm for Communication and Information Technology
1.94%
16.33%
21.26%
★★★★★★
Nofoth Food Products
NA
15.75%
27.63%
★★★★★★
Najran Cement
14.76%
-3.67%
-26.79%
★★★★★★
Qassim Cement
0.30%
0.78%
-14.65%
★★★★★☆
National General Insurance (P.J.S.C.)
NA
14.58%
25.09%
★★★★★☆
Etihad Atheeb Telecommunication
0.97%
37.69%
60.25%
★★★★★☆
Click here to see the full list of 200 stocks from our Middle Eastern Undiscovered Gems With Strong Fundamentals screener.
Here’s a peek at a few of the choices from the screener.
Simply Wall St Value Rating: ★★★★★☆
Overview: Abu Dhabi Ship Building PJSC operates in the construction, maintenance, repair, and overhaul of commercial and military ships and vessels in the United Arab Emirates, with a market capitalization of AED1.61 billion.
Operations: The primary revenue stream for Abu Dhabi Ship Building PJSC comes from its New Build and Engineering segment, generating AED1.05 billion, followed by Military Repairs and Maintenance at AED161.75 million. The Small Boats and Mission Systems segments contribute less significantly to the overall revenue.
Abu Dhabi Ship Building (ADSB) stands out with its robust financials and strategic contracts. Despite a recent net loss of AED 0.821 million in Q2 2025, the company secured a lucrative AED 7 billion contract for missile boats with Kuwait, showcasing its industry clout. Over five years, ADSB’s debt-to-equity ratio has impressively decreased from 149.9% to 43.5%, indicating prudent financial management. With earnings growth at an impressive 24% last year, it outpaced the Aerospace & Defense sector’s -2.7%. The price-to-earnings ratio of 30x is notably lower than the industry average of 54x, suggesting potential value for investors.
ADX:ADSB Earnings and Revenue Growth as at Sep 2025
Simply Wall St Value Rating: ★★★★★☆
Overview: Is Yatirim Menkul Degerler Anonim Sirketi offers capital market services to both individual and corporate investors in Turkey and abroad, with a market capitalization of TRY67.11 billion.
Operations: The company’s primary revenue streams include Asset Management/Asset Leasing, generating TRY975.03 billion, and Venture Capital, contributing TRY7.63 billion. Portfolio Management adds TRY2.80 billion to the revenue mix, while Investment Partnership brings in TRY1.37 billion.
ISMEN stands out with its impressive financial health, showcasing high-quality earnings and a robust cash position that exceeds its total debt. The company has demonstrated notable growth, with earnings climbing 11.5% over the past year, surpassing the Capital Markets industry’s 8.7%. Its price-to-earnings ratio of 11.6x is attractively below the TR market average of 22.9x, signaling potential value for investors. Recent results show net income for six months at TRY 3 billion, up from TRY 2.8 billion last year, indicating strong operational performance despite a slight dip in quarterly net income to TRY 1.85 billion from TRY 2.4 billion previously.
IBSE:ISMEN Earnings and Revenue Growth as at Sep 2025
Simply Wall St Value Rating: ★★★★★☆
Overview: Link Bilgisayar Sistemleri Yazilimi ve Donanimi Sanayi ve Ticaret operates in the computer software and hardware industry, with a market capitalization of TRY15.21 billion.
Operations: Link generates revenue primarily from its computer software and hardware segments. The company’s financial performance is highlighted by a net profit margin of 12.5%, reflecting its ability to convert sales into actual profit effectively.
Link Bilgisayar, a notable player in the Turkish software market, has demonstrated remarkable growth with earnings surging by 4825.7% over the past year, outpacing industry norms. In recent results for Q2 2025, sales skyrocketed to TRY 264.39 million from TRY 24.66 million a year ago, while net income reached TRY 122.18 million compared to TRY 9.7 million previously. Despite substantial shareholder dilution recently, the company remains profitable and free cash flow positive with more cash than debt on its books and earns more interest than it pays out—indicating solid financial health and potential for future expansion in this dynamic sector.
IBSE:LINK Earnings and Revenue Growth as at Sep 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:ADSB IBSE:ISMEN and IBSE:LINK.
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