Global Leverage Leaders

Multistrada Arah Sarana

Market Cap: Rp56.9t

Manufactures, distributes, and markets two and four wheeler tires for motor vehicles in Indonesia, the Middle East, Europe, Australia, Africa, Asia, and the United States.

Raspadskaya

Market Cap: ₽198.1b

Public Joint Stock Company Raspadskaya, together with its subsidiaries, engages in the mining of coking coal.

PJSC LUKOIL

Market Cap: ₽2.5t

PJSC LUKOIL, together with its subsidiaries, engages in exploration, production, refining, marketing, and distribution of oil and gas.

Oil Company Bashneft

Market Cap: ₽176.8b

Public Joint Stock Oil Company Bashneft engages in the development and implementation, exploration, production, and refining of oil reserves in Russia.

Dubai Financial Market P.J.S.C

Market Cap: د.إ13.6b

Provides investors and market participants with products and services for trading, clearing, settlement, and depository of securities.

Sun Pharmaceutical Industries

Market Cap: ₹4.0t

A generic pharmaceutical company, develops, manufactures, and markets branded and generic formulations, and active pharmaceutical ingredients (APIs) in India, the United States, and internationally.

Arab National Bank

Market Cap: ر.س44.6b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

Yanbu National Petrochemical

Market Cap: ر.س18.8b

Manufactures and sells petrochemical products in the Kingdom of Saudi Arabia, the United States, Africa, the Middle East, Europe, and Asia.

DLF

Market Cap: ₹1.9t

Engages in the business of colonization and real estate development in India.

Concord Biotech

Market Cap: ₹179.8b

A biopharma company, engages in the research and development, manufacture, market, and sale of pharmaceutical products in India and internationally.

Petrol d.d

Market Cap: €2.1b

Through its subsidiaries, sells petroleum and other energy products, merchandise and services, and energy and solutions in Slovenia, Croatia, Austria, Bosnia, Herzegovina, Serbia, Montenegro, Romania, Macedonia, and internationally.

Hexaware Technologies

Market Cap: ₹502.5b

Provides information technology consulting, software development, and business process services worldwide.

Force Motors

Market Cap: ₹265.9b

An integrated automobile company, designs, develops, manufactures, and sells a range of automotive components, aggregates, and vehicles in India.

Makkah Construction and Development

Market Cap: ر.س15.1b

Invests in, owns, develops, manages, purchases, and leases properties near Al Masjid Al Haram in the Kingdom of Saudi Arabia.

Astra Industrial Group

Market Cap: ر.س11.5b

Through its subsidiaries, engages in the pharmaceuticals, specialty chemicals, power, steel, and mining businesses worldwide.

Endurance Technologies

Market Cap: ₹396.8b

Manufactures and supplies automotive components for original equipment manufacturers in India and internationally.

Anant Raj

Market Cap: ₹185.3b

Primarily engaged in the real estate and infrastructure development business in India.

Emami

Market Cap: ₹255.4b

Manufactures and markets personal and healthcare products in India and internationally.

Vale Indonesia

Market Cap: Rp38.9t

Engages in the mining and processing of nickel in Indonesia.

Emaar Properties PJSC

Market Cap: د.إ131.3b

Engages in the property investment, development, and development management business in the United Arab Emirates and internationally.

Mesaieed Petrochemical Holding Company Q.P.S.C

Market Cap: ر.ق17.1b

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

Qatar Aluminium Manufacturing Company Q.P.S.C

Market Cap: ر.ق8.0b

Through its subsidiaries, engages in the processing, manufacture, and sale of aluminum products in Qatar.

Modon Holding PSC

Market Cap: د.إ60.8b

Engages in the real estate, hospitality, and investment activities in the United Arab Emirates and internationally.

Alkem Laboratories

Market Cap: ₹647.5b

A pharmaceutical company, engages in the research and development, manufacture, and sale of pharmaceutical and nutraceutical products in India, the United States, and internationally.

Avenue Supermarts

Market Cap: ₹3.1t

Engages in the business of organized retail and operating supermarkets under the D-Mart brand name in India.

Kansai Nerolac Paints

Market Cap: ₹189.6b

Manufactures and supplies paints, varnishes, enamels, and lacquers in India.

Boursa Kuwait Securities Company K.P.S.C

Market Cap: د.ك693.1m

Operates the stock market of Kuwait.

Info Edge (India)

Market Cap: ₹907.8b

Operates as an online classifieds company in the areas of recruitment, matrimony, real estate, and education and related services in India and internationally.

Supreme Industries

Market Cap: ₹588.3b

Engages in the manufacture and sale of plastic products in India.

National Securities Depository

Market Cap: ₹255.1b

Provides depository and related services in India.

United Spirits

Market Cap: ₹931.1b

Manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally.

Kalbe Farma

Market Cap: Rp59.0t

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

Bank CIMB Niaga

Market Cap: Rp43.5t

Provides various banking products and services in Indonesia and internationally.

Aurobindo Pharma

Market Cap: ₹619.9b

A biopharmaceutical company, develops, manufactures, commercializes, and sells generic pharmaceuticals, active pharmaceutical ingredients (APIs), and injectables.

Alamtri Minerals Indonesia

Market Cap: Rp41.3t

Engages in metallurgical coal mining business in Indonesia.

Dalmia Bharat

Market Cap: ₹440.3b

Manufactures and sells cement and its related products primarily in India.