As the Middle East markets navigate a landscape shaped by potential U.S. Federal Reserve rate cuts and fluctuating oil prices, Gulf equities have shown resilience with most shares gaining in anticipation of easing monetary policies. This environment creates a fertile ground for identifying promising stocks, where factors such as strong financial fundamentals and strategic market positioning can make certain companies stand out as undiscovered gems amidst broader economic shifts.

Name

Debt To Equity

Revenue Growth

Earnings Growth

Health Rating

Baazeem Trading

8.48%

-2.02%

-2.70%

★★★★★★

MOBI Industry

6.50%

5.60%

24.00%

★★★★★★

Sure Global Tech

NA

11.95%

18.65%

★★★★★★

Nofoth Food Products

NA

15.75%

27.63%

★★★★★★

Etihad Atheeb Telecommunication

1.05%

36.24%

62.23%

★★★★★★

Najran Cement

14.20%

-2.87%

-22.60%

★★★★★★

National General Insurance (P.J.S.C.)

NA

14.55%

29.05%

★★★★★☆

National Corporation for Tourism and Hotels

18.21%

4.16%

13.75%

★★★★★☆

National Environmental Recycling

69.43%

43.47%

32.77%

★★★★☆☆

Saudi Chemical Holding

79.49%

16.57%

44.01%

★★★★☆☆

Click here to see the full list of 224 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: Besler Gida Ve Kimya Sanayi ve Ticaret Anonim Sirketi operates in the production and trade of frozen and canned products in Turkey, with a market capitalization of TRY10.79 billion.

Operations: Besler generates revenue primarily from edible oil and frozen food, with sales of TRY14.99 billion and TRY9.02 billion, respectively. The company’s focus on these segments contributes significantly to its overall financial performance.

Besler Gida, a promising player in the food sector, has demonstrated significant growth with earnings surging by 20.7% over the past year, outpacing the industry average of -10.1%. The company’s debt to equity ratio impressively decreased from 118% to 40.1% over five years, indicating prudent financial management. Sporting a price-to-earnings ratio of 9.8x, Besler is attractively valued compared to the TR market’s 20.8x average. With high-quality earnings and satisfactory net debt levels at 24.8%, Besler seems well-positioned within its industry despite broader challenges faced by peers like Kerevitas Gida Sanayi ve Ticaret A.S., which reported reduced sales and income recently.

Story Continues

IBSE:BESLR Earnings and Revenue Growth as at Aug 2025 IBSE:BESLR Earnings and Revenue Growth as at Aug 2025

Simply Wall St Value Rating: ★★★★★☆

Overview: Al-Babtain Power and Telecommunications Company, along with its subsidiaries, manufactures lighting poles and power transmission towers and accessories in the United Arab Emirates, Saudi Arabia, and Egypt, with a market capitalization of SAR3.60 billion.

Operations: The primary revenue streams for Al-Babtain Power and Telecommunications include the Towers and Metal Structures Sector generating SAR1.18 billion, followed by the Solar Energy Sector at SAR592.76 million. The Columns and Lighting segment contributes SAR571.13 million, while Design, Supply, and Installation adds SAR404.90 million to the total revenue.

Al-Babtain Power and Telecommunications shines with earnings growth of 29.3% over the past year, outpacing the Construction industry’s 13.8%. Despite a high net debt to equity ratio of 72.2%, interest payments are comfortably covered by EBIT at 4.9x, indicating manageable financial obligations. The company has demonstrated resilience with net income rising to SAR 88.2 million from SAR 82.6 million last year, reflecting strong operational performance despite a dip in sales from SAR 699.55 million to SAR 631.23 million this quarter. Trading at a price-to-earnings ratio of just 13.2x against the SA market’s average of 20.2x suggests attractive valuation relative to peers.

SASE:2320 Earnings and Revenue Growth as at Aug 2025 SASE:2320 Earnings and Revenue Growth as at Aug 2025

Simply Wall St Value Rating: ★★★★★☆

Overview: Aryt Industries Ltd. specializes in the development, production, and marketing of electronic thunderbolts for the defense market in Israel, with a market cap of approximately ₪3.41 billion.

Operations: Aryt generates revenue primarily from its detonators segment, reporting sales of ₪126.54 million. The company’s market capitalization stands at approximately ₪3.41 billion.

In the bustling Aerospace & Defense sector, Aryt Industries stands out with a remarkable earnings growth of 458.5% over the past year, far surpassing the industry average of 45.6%. Despite its small size, it trades at an attractive valuation, currently 80.1% below its estimated fair value. The company has managed to keep its debt in check with a debt-to-equity ratio climbing only slightly to 4% over five years and benefits from having more cash than total debt. However, investors should be cautious about its highly volatile share price observed in recent months.

TASE:ARYT Earnings and Revenue Growth as at Aug 2025 TASE:ARYT Earnings and Revenue Growth as at Aug 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 IBSE:BESLR SASE:2320 and TASE:ARYT.

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