Emirati Energy Defensive Blue Chips

China United Network Communications

Market Cap: CN¥130.4b

Provides telecommunication services in the People’s Republic of China.

NMBZ Holdings

Market Cap: US$2.5b

Provides various banking products and services to corporate and individual customers in Zimbabwe.

E.SUN Financial Holding Company

Market Cap: NT$611.4b

Offers various financial banking products and services in Taiwan.

Associated British Foods

Market Cap: UK£14.1b

Engages in the food, ingredients, and retail businesses worldwide.

Arca Continental. de

Market Cap: Mex$323.6b

Produces, distributes, and sells soft drinks in Mexico, Argentina, Ecuador, Peru, the United States, and internationally.

Saudi Energy

Market Cap: ر.س70.9b

Generates, transmits, and distributes electricity in the Kingdom of Saudi Arabia.

Eurobank

Market Cap: €16.3b

Provides retail, corporate and private banking, asset management, treasury and capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.

Telecom Italia

Market Cap: €16.3b

Engages in the fixed and mobile telecommunications services and products for individuals, households, and supports small and medium-sized enterprises in Italy and internationally.

Lattice Semiconductor

Market Cap: US$18.8b

Develops and sells semiconductor, silicon-based and silicon-enabling, evaluation boards, and development hardware products in Asia, Europe, and the Americas.

Banco Comercial Português

Market Cap: €16.2b

Engages in the provision of various banking and financial products and services in Portugal and internationally.

Zimmer Biomet Holdings

Market Cap: US$18.7b

Operates as a medical technology company worldwide.

SBI Life Insurance

Market Cap: ₹1.8t

Operates as a life insurance company in India.

IonQ

Market Cap: US$18.6b

Develops quantum computing systems in the United States, Switzerland, and Internationally.

East West Bancorp

Market Cap: US$18.5b

Operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States.

Krung Thai Bank

Market Cap: ฿611.5b

Engages in commercial banking business in Thailand and internationally.

Luzhou LaojiaoLtd

Market Cap: CN¥124.4b

Produces and sells alcoholic products in China and internationally.

Wilson Bank Holding

Market Cap: US$18.4b

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to consumers, professionals, small businesses, and municipalities in the United States.

Saudi Awwal Bank

Market Cap: ر.س69.1b

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

S.P.E.E.H. Hidroelectrica

Market Cap: RON 83.1b

Produces and supplies electricity from hydroelectric and wind sources in Romania.

Samsung Fire & Marine Insurance

Market Cap: ₩25.5t

Provides non-life insurance products and services in South Korea, China, Indonesia, Vietnam, Singapore, the United States, and the United Kingdom.

Commercial Bank for Foreign Trade of Vietnam

Market Cap: ₫479.6t

Provides banking products and services in Vietnam.

SinoPac Financial Holdings

Market Cap: NT$582.4b

Through its subsidiaries, provides banking services worldwide.

Telia Company

Market Cap: SEK 172.3b

Provides communication services to businesses, individuals, families, and communities in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia.

IHH Healthcare Berhad

Market Cap: RM 73.3b

An investment holding company, provides healthcare services in Singapore, Malaysia, India, Greater China, Japan, Türkiye and Europe, and internationally.

Bank of Hangzhou

Market Cap: CN¥121.7b

Provides various banking products and services in China.

Telefônica Brasil

Market Cap: R$94.1b

Operates as a mobile telecommunications company in Brazil.

Federal Home Loan Mortgage

Market Cap: US$18.0b

Operates in the secondary mortgage market in the United States.

Skyverse Technology

Market Cap: CN¥120.4b

Manufactures and sells quality control equipment to enterprises involved in the front-end integrated circuit processes and packaging in China and internationally.

Bank Polska Kasa Opieki

Market Cap: zł66.6b

A commercial bank, provides banking products and services to retail and corporate clients in Poland.

Sonova Holding

Market Cap: CHF 14.5b

Manufactures and sells hearing care solutions for children and adults in Switzerland, the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Koninklijke KPN

Market Cap: €15.4b

Provides telecommunications and information technology (IT) services in the Netherlands.

Wilmar International

Market Cap: S$22.7b

Operates as an agribusiness company in Singapore, the People's Republic of China, Indonesia, Malaysia, Australia, Europe, South Africa, Nigeria, Vietnam, India, and internationally.

Kasikornbank

Market Cap: ฿585.4b

Provides commercial banking products and services in Thailand and internationally.

Vodacom Group

Market Cap: R286.4b

Provides communications products and services in South Africa, Egypt, Kenya, and internationally.

Woori Financial Group

Market Cap: ₩24.5t

Operates as a bank which provides various financial services in Korea, China, the United States, the United Kingdom, Japan, and internationally.

Bankinter

Market Cap: €15.0b

Provides various banking products and services to individuals, corporates, and small- and medium-sized enterprises in Spain, Luxembourg, Portugal, and Ireland.