Global Strong Balance Sheet Stocks

Bank Mandiri (Persero)

Market Cap: Rp485.3t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Hong Kong, Timor Leste, Shanghai, Malaysia, England, and the Cayman Islands.

Pakistan International Container Terminal

Market Cap: PK₨5.1b

Does not have significant operations.

Kalbe Farma

Market Cap: Rp52.4t

Develops, manufactures, and trades in pharmaceutical products in Indonesia.

Golden Horse Minerals

Market Cap: AU$53.6m

A gold exploration company, engages in the acquisition, exploration, and development of mineral projects in Western Australia.

Mesaieed Petrochemical Holding Company Q.P.S.C

Market Cap: ر.ق18.1b

Mesaieed Petrochemical Holding Company Q.P.S.C.

Mulia Industrindo

Market Cap: Rp1.9t

Manufactures and sells glass in Indonesia, Asia, Australia, Europe, Africa, and the America.

Lecico Egypt (S.A.E.)

Market Cap: ج.م2.1b

Produces and sells sanitary ware products and various tiles in Egypt and Lebanon.

Vale Indonesia

Market Cap: Rp23.9t

Engages in the mining and processing of nickel in Indonesia.

National Agricultural Development

Market Cap: ر.س7.6b

Engages in production of agricultural and livestock products in the Kingdom of Saudi Arabia and internationally.

Amana Cooperative Insurance

Market Cap: ر.س417.1m

Provides various insurance products and services in the Kingdom of Saudi Arabia.

Bank Danamon Indonesia

Market Cap: Rp23.8t

Provides banking services for retail, small and medium enterprises (SMEs), and corporate customers in Indonesia.

Bolan Castings

Market Cap: PK₨1.0b

Produces and sells castings of tractors and automotive parts in Pakistan.

Engro Powergen Qadirpur

Market Cap: PK₨9.8b

Generates and sells power in Pakistan.

Qassim Cement

Market Cap: ر.س5.8b

Engages in the manufacture and selling of cement in the Kingdom of Saudi Arabia.

Riyadh Cement

Market Cap: ر.س4.4b

Produces and sells cement in the Kingdom of Saudi Arabia, the Kingdom of Bahrain, the Hashemite Kingdom of Jordan, the State of Kuwait, the State of Qatar, and the Sultanate of Oman.

Gulf Mushroom Products SAOG

Market Cap: ر.ع10.1m

Engages in the cultivation, processing, and marketing of mushrooms under the Mushroom Oman brand in Oman.

Ibrahim Fibres

Market Cap: PK₨111.2b

Manufactures and sells polyester staple fiber (PSF) and yarn products in Pakistan.

Alhasoob

Market Cap: ر.س179.8m

Engages in the wholesale and retail of electronic devices, computers, and accessories in Saudi Arabia.

Pakistan National Shipping

Market Cap: PK₨68.5b

Engages in the shipping business worldwide.

Dwi Guna Laksana

Market Cap: Rp1.9t

Engages in the coal mining and trading activities in Indonesia.

Seneca Financial

Market Cap: US$14.3m

Operates as the holding company for Seneca Savings that operates as a community-oriented savings and loan institution.

Buana Artha Anugerah

Market Cap: Rp96.0b

Provides asset management services in Indonesia.

Cairo Poultry CompanyE

Market Cap: ج.م8.4b

Operates as an integrated poultry company in Egypt.

Cairo Educational Services SAE

Market Cap: ج.م387.6m

Cairo Educational Services SAE establishes, rents, and manages schools in Egypt.

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Sure Global Tech

Market Cap: ر.س702.2m

Provides technological and consultative solutions for public and private organizations in Saudi Arabia.

EVZ

Market Cap: AU$18.2m

Operates in the engineering services sectors in Australia and Asia.

Pool Advista Finance

Market Cap: Rp40.2b

Operates as a financing company in Indonesia.

Equatorial Resources

Market Cap: AU$13.8m

Explores for and develops iron ore properties in the Republic of Congo and the Republic of Guinea.

Monarch West Ventures

Market Cap: CA$1.3m

Does not have significant operations.

Nofoth Food Products

Market Cap: ر.س1.1b

Produces and sells bakery products in Saudi Arabia.

Fauji Foods

Market Cap: PK₨40.7b

Engages in processing and sale of toned milk, milk powder, fruit juices, allied dairy, and food products in Pakistan.

Arabia Falcon Insurance SAOG

Market Cap: ر.ع11.9m

Engages in underwriting general and life insurance business in the Sultanate of Oman.

Bank Jago

Market Cap: Rp20.1t

Provides various banking products and services for small and medium enterprises in Indonesia.

See Hup Consolidated Berhad

Market Cap: RM 58.0m

An investment holding company, engages in the transportation and logistics business primarily in Malaysia.

Panca Global Kapital

Market Cap: Rp303.2b

Engages in the brokerage and underwriting services in Indonesia.