Global Leverage Leaders

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.

Raspadskaya

Market Cap: ₽198.1b

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

Dubai Financial Market P.J.S.C

Market Cap: د.إ13.4b

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

Vale Indonesia

Market Cap: Rp65.3t

Engages in the mining and processing of nickel in Indonesia.

China Resources Mixc Lifestyle Services

Market Cap: HK$104.9b

An investment holding company, engages in the provision of property management and commercial operational services in the People’s Republic of China.

United Spirits

Market Cap: ₹970.0b

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

KEI Industries

Market Cap: ₹417.7b

Manufactures, markets, and sells wires and cables in India and internationally.

Sun Pharmaceutical Industries

Market Cap: ₹4.1t

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

Shenzhen Edge Medical

Market Cap: HK$24.2b

Engages in designing, developing, manufacturing, and sale of surgical robots in Europe, and China.

Bayer CropScience

Market Cap: ₹199.3b

Engages in the manufacture, sale, and distribution of insecticides, fungicides, herbicides, and various other agrochemical products and hybrid corn seeds in India, Germany, Bangladesh, and internationally.

Sunny Optical Technology (Group)

Market Cap: HK$64.7b

An investment holding company, engages in designing, researching, developing, manufacturing, and selling optical and optical related products, and scientific instruments.

Saudi Awwal Bank

Market Cap: ر.س73.8b

Provides banking and financial services in the Kingdom of Saudi Arabia.

National Securities Depository

Market Cap: ₹199.1b

Provides depository services in India.

Yanbu National Petrochemical

Market Cap: ر.س15.1b

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

Arab National Bank

Market Cap: ر.س45.0b

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.

Endurance Technologies

Market Cap: ₹352.8b

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

Hindustan Unilever

Market Cap: ₹6.1t

A consumer good company, manufactures and sells food, home care, personal care, and refreshment products in India and internationally.

NBCC (India)

Market Cap: ₹271.2b

Engages in project management consultancy, engineering procurement and construction, and real estate development businesses in India and internationally.

Kansai Nerolac Paints

Market Cap: ₹184.5b

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

Emaar Properties PJSC

Market Cap: د.إ139.7b

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.ق13.4b

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

Hexaware Technologies

Market Cap: ₹443.5b

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

Anant Raj

Market Cap: ₹204.0b

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

Blue Moon Group Holdings

Market Cap: HK$16.3b

Engages in the research, design, development, manufacture, and sale of personal hygiene, home care, and fabric care products in China.

Autotrader Group

Market Cap: UK£4.2b

Operates an automotive platform in the United Kingdom.

Financière de Tubize

Market Cap: €9.9b

Operates as a mono holding company whose sole investment is a stake in UCB which is a biopharma company in Belgium.

Koninklijke Heijmans

Market Cap: €2.0b

Engages in the real estate, construction, and infrastructure businesses in the Netherlands and internationally.

Croda International

Market Cap: UK£3.8b

Engages in the consumer care, life science, and industrial specialty businesses in Europe, the Middle East, Africa, North America, Asia, and Latin America.

Delta

Market Cap: US$38.4b

Manufactures and distributes cold beverages in Zimbabwe.

Türkiye Sigorta

Market Cap: ₺120.6b

Operates as a non-life insurance company in Turkey.

Norsk Hydro

Market Cap: NOK 173.6b

Engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities worldwide.

Impala Platinum Holdings

Market Cap: R272.4b

Engages in the mining, concentrating, refining, and sells of platinum group metals (PGMs) and associated base metals in South Africa, Zimbabwe, and Canada.

Kumba Iron Ore

Market Cap: R121.5b

Engages in the exploration, extraction, beneficiation, marketing, sale, and shipping of iron ore for the steel industry in South Africa.

Trigano

Market Cap: €3.3b

Designs, manufactures, and distributes leisure vehicles for individuals and professionals in France, Germany, the United Kingdom, Benelux, Italy, Spain, Northern Europe, and internationally.

Theon International

Market Cap: €2.4b

Develops and manufactures customizable night vision, thermal imaging, and electro-optical ISR systems for military and security applications in Europe and internationally.