As Gulf stocks gain momentum on earnings optimism and anticipation of the U.S. Federal Reserve’s outlook, the Middle East market is buzzing with investor enthusiasm, particularly in Saudi Arabia and Dubai where indices have recently seen notable gains. In this dynamic environment, identifying promising stocks involves looking for companies that not only demonstrate resilience amid global trade developments but also capitalize on regional economic stability and growth opportunities.
Name
Debt To Equity
Revenue Growth
Earnings Growth
Health Rating
Baazeem Trading
8.48%
-2.02%
-2.70%
★★★★★★
Saudi Azm for Communication and Information Technology
1.94%
16.33%
21.26%
★★★★★★
MOBI Industry
6.50%
5.60%
24.00%
★★★★★★
Sure Global Tech
NA
11.95%
18.65%
★★★★★★
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
19.25%
0.67%
4.89%
★★★★☆☆
National Environmental Recycling
69.43%
43.47%
32.77%
★★★★☆☆
Saudi Chemical Holding
79.49%
16.57%
44.01%
★★★★☆☆
Let’s uncover some gems from our specialized screener.
Simply Wall St Value Rating: ★★★★☆☆
Overview: First Avenue Real Estate Development Company focuses on investing in and developing real estate properties for the private sector in Saudi Arabia, with a market capitalization of SAR1.63 billion.
Operations: First Avenue Real Estate Development generates revenue primarily from contracting (SAR149.50 million), sales and development (SAR74.79 million), real estate sales (SAR24.98 million), and rental sector activities (SAR5.67 million). The contracting segment is the largest contributor to its revenue streams.
First Avenue Real Estate Development stands out with a notable 41.3% earnings growth over the past year, surpassing the industry average of 21.9%. Despite a high net debt to equity ratio at 41.1%, their interest payments are well covered by EBIT at 3.5 times coverage. A recent SAR320 million financing deal with Alinma Bank aims to bolster expansion plans, while a new construction contract for the Al-Hada Avenue Residential Project aligns with strategic alliances in real estate sectors. Their subsidiary’s SAR60 million acquisition in Jeddah further emphasizes their focus on high-quality developments in prime locations.
Story Continues
SASE:9610 Earnings and Revenue Growth as at Jul 2025
Simply Wall St Value Rating: ★★★★★★
Overview: Ashot Ashkelon Industries Ltd. is engaged in the manufacturing and sale of systems and components for aerospace and defense sectors both in Israel and internationally, with a market cap of ₪1.70 billion.
Operations: Ashot Ashkelon Industries generates revenue primarily from its military segment, contributing ₪286.72 million, and its aviation and complex assemblies segment with ₪115.23 million. The company’s subsidiary in the USA adds another ₪50.44 million to the revenue stream.
Ashot Ashkelon Industries, a nimble player in the Aerospace & Defense sector, recently saw a 45.6% earnings surge, outpacing industry growth. The company’s debt to equity ratio improved from 14.1% to 12.8% over five years, indicating prudent financial management. With EBIT covering interest payments by 9 times and a satisfactory net debt to equity ratio of 8.8%, Ashot’s financial health appears robust. Recent events include The Phoenix Insurance Company’s acquisition of a 7% stake for NIS170 million and an increase in quarterly sales from ILS97 million to ILS121 million year-over-year, reflecting strong operational performance amidst volatility in share price movements.
TASE:ASHO Debt to Equity as at Jul 2025
Simply Wall St Value Rating: ★★★★★☆
Overview: The Gold Bond Group Ltd. provides storage, conveyance, and logistical solutions for cargoes and containers, with a market capitalization of ₪889.65 million.
Operations: Gold Bond Group generates revenue primarily from Free Activities, FCL Terminal Operations, and LCL Terminal Operations, with respective contributions of ₪87.01 million, ₪57.60 million, and ₪49.63 million. The company’s net profit margin provides insight into its profitability trends over time.
Gold Bond Group, a small player in the Middle East market, has shown impressive earnings growth of 24.9% over the past year, outpacing the infrastructure sector’s 9.8%. The company’s debt management is commendable with a reduction in its debt to equity ratio from 15.3% to just 3% over five years, and its interest payments are well covered at 36.9 times by EBIT. Recent earnings announcements revealed sales of ILS 57.87 million for Q1 2025, up from ILS 43.29 million last year, with net income rising to ILS 7.44 million from ILS 6.66 million previously.
TASE:GOLD Earnings and Revenue Growth as at Jul 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 SASE:9610 TASE:ASHO and TASE:GOLD.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com