As geopolitical tensions ease and economic optimism grows, most Gulf markets are experiencing gains, with indices in the UAE and Egypt reaching new heights. In this favorable environment, identifying stocks with strong financials becomes crucial for investors seeking to capitalize on the region’s potential.

Name

Debt To Equity

Revenue Growth

Earnings Growth

Health Rating

Baazeem Trading

10.02%

-1.27%

-1.66%

★★★★★★

Sure Global Tech

NA

10.11%

15.42%

★★★★★★

Qassim Cement

NA

4.02%

-11.40%

★★★★★★

Saudi Azm for Communication and Information Technology

3.26%

17.17%

23.30%

★★★★★★

MOBI Industry

13.81%

5.67%

19.69%

★★★★★★

Najran Cement

14.49%

-4.20%

-30.16%

★★★★★★

Amanat Holdings PJSC

10.86%

27.51%

-0.92%

★★★★★☆

Space42

17.28%

37.30%

24.29%

★★★★★☆

Ajman Bank PJSC

53.89%

16.11%

18.02%

★★★★☆☆

Blume Metal Kimya Anonim Sirketi

4.78%

36.99%

42.99%

★★★★☆☆

Click here to see the full list of 185 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: United Arab Bank P.J.S.C., with a market cap of AED4.08 billion, offers a range of commercial banking products and services to both individual and corporate clients in the United Arab Emirates.

Operations: United Arab Bank generates revenue primarily from Wholesale Banking (AED497.67 million), followed by Treasury and Capital Markets (AED225.58 million) and Retail Banking (AED83.69 million). The bank’s financial performance is characterized by a focus on these core banking segments within the UAE market.

United Arab Bank, with assets totaling AED24.5 billion and equity of AED4 billion, stands out for its robust earnings growth of 56.4% over the past year, surpassing the banking industry average of 15%. Total deposits are AED16.8 billion against loans of AED14.1 billion, indicating a solid deposit base primarily from low-risk sources at 82%. However, it faces challenges with a high non-performing loan ratio at 3.1% and a low allowance for bad loans at 82%. Despite these hurdles, its price-to-earnings ratio of 10.1x suggests good value compared to the AE market’s average of 11.9x.

ADX:UAB Earnings and Revenue Growth as at Jan 2026 ADX:UAB Earnings and Revenue Growth as at Jan 2026

Simply Wall St Value Rating: ★★★★★★

Overview: Aksigorta A.S. is a Turkish company offering a range of life and non-life insurance products and services to both retail and corporate clients, with a market cap of TRY13.43 billion.

Story Continues

Operations: Aksigorta generates revenue primarily through its life and non-life insurance offerings to both retail and corporate clients in Turkey. The company’s financial performance highlights a focus on managing costs effectively, impacting its net profit margin, which is a key indicator of profitability.

Aksigorta, a nimble player in the insurance sector, has shown impressive earnings growth of 49.6% annually over the past five years. Their recent net income for Q3 2025 was TRY 824.95 million, up from TRY 554.97 million in the previous year—highlighting robust performance despite not outpacing industry growth rates. With a price-to-earnings ratio of 5.1x compared to the market’s 19.6x and no debt burden since reducing its debt-to-equity ratio from 1.3% five years ago, Aksigorta seems well-positioned for future opportunities while maintaining high-quality earnings standards and free cash flow positivity.

IBSE:AKGRT Earnings and Revenue Growth as at Jan 2026 IBSE:AKGRT Earnings and Revenue Growth as at Jan 2026

Simply Wall St Value Rating: ★★★★★☆

Overview: Yayla Agro Gida Sanayi ve Ticaret A.S. is engaged in the production and sale of various food and grain products both domestically in Turkey and internationally, with a market capitalization of TRY13.02 billion.

Operations: Yayla Agro generates revenue primarily from its food business, amounting to TRY15.09 billion. The company has a market capitalization of TRY13.02 billion.

Yayla Agro Gida Sanayi ve Ticaret, a notable player in the Middle Eastern market, has shown significant earnings growth of 43.8% over the past year, outpacing the food industry’s -16.8%. Despite this impressive growth, its net debt to equity ratio remains high at 49.3%, although it has improved from 310.6% five years ago to 80.6%. The company reported a net loss of TRY 84.69 million for Q3 2025 compared to a net income of TRY 239.56 million last year; however, sales increased significantly from TRY 2,906 million to TRY 5,455 million during the same period.

IBSE:YYLGD Debt to Equity as at Jan 2026 IBSE:YYLGD Debt to Equity as at Jan 2026

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:UAB IBSE:AKGRT and IBSE:YYLGD.

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