National General Insurance (P.J.S.C.) And 2 Other Undiscovered Gems In The Middle East

As Gulf markets experience slight gains amid concerns over a potential U.S. government shutdown, investor attention is increasingly drawn to the region's promising small-cap stocks. In this environment, identifying undiscovered gems like National General Insurance (P.J.S.C.) and others can offer intriguing opportunities for those seeking growth in less saturated markets.

Top 10 Undiscovered Gems With Strong Fundamentals In The Middle East

Click here to see the full list of 205 stocks from our Middle Eastern Undiscovered Gems With Strong Fundamentals screener.

We'll examine a selection from our screener results.

National General Insurance (P.J.S.C.) (DFM:NGI)

Simply Wall St Value Rating: ★★★★★☆

Overview: National General Insurance Co. (P.J.S.C.) operates in the United Arab Emirates, providing a range of life and general insurance as well as reinsurance services, with a market capitalization of approximately AED1.05 billion.

Operations: NGI generates revenue primarily from its insurance segment, amounting to AED894.75 million, and investment activities contributing AED107.57 million.

National General Insurance (NGI) offers an intriguing mix of positives and challenges. Despite a negative earnings growth of -0.7% last year, its price-to-earnings ratio at 7.9x suggests it's more attractively valued than the AE market average of 12.2x. The company is debt-free, which eliminates concerns about interest coverage and highlights financial prudence over the past five years. Recent earnings reports show a slight dip in second-quarter net income to AED 49.67 million from AED 50.53 million last year, but six-month figures improved to AED 85.25 million from AED 80.85 million, indicating resilience amidst volatility in share prices recently observed over three months.

• Click to explore a detailed breakdown of our findings in National General Insurance (P.J.S.C.)'s health report.

• Evaluate National General Insurance (P.J.S.C.)'s historical performance by accessing our past performance report.

Anadolu Anonim Türk Sigorta Sirketi (IBSE:ANSGR)

Simply Wall St Value Rating: ★★★★★★

Overview: Anadolu Anonim Türk Sigorta Sirketi provides non-life insurance products in Turkey and has a market capitalization of TRY43.20 billion.

Operations: The company's primary revenue streams are derived from motor vehicles, sickness/health, and motor vehicles liability insurance segments, with motor vehicles generating TRY14.88 billion and sickness/health contributing TRY12.50 billion. Fire and natural disasters insurance adds TRY5.80 billion to the revenue mix.

Anadolu Sigorta, a notable player in the insurance sector, is trading at 7.2% below its estimated fair value and has shown impressive earnings growth of 62.2% annually over five years. Despite not outpacing the industry’s 40.6% growth last year with its own 23.2%, it remains debt-free, eliminating concerns about interest coverage and showcasing high-quality earnings. In recent results for Q2 2025, net income stood at TRY 3,242 million compared to TRY 2,815 million previously, while basic EPS rose to TRY 6.49 from TRY 5.63 a year earlier—highlighting robust financial health despite mixed six-month figures.

• Delve into the full analysis health report here for a deeper understanding of Anadolu Anonim Türk Sigorta Sirketi.

• Examine Anadolu Anonim Türk Sigorta Sirketi's past performance report to understand how it has performed in the past.

Tiv Taam Holdings 1 (TASE:TTAM)

Simply Wall St Value Rating: ★★★★☆☆

Overview: Tiv Taam Holdings 1 Ltd. engages in the production, marketing, and import of food products in Israel with a market capitalization of ₪918.31 million.

Operations: Tiv Taam Holdings 1 Ltd. generates revenue primarily from its retail operations, amounting to ₪1.59 billion, and the manufacture, import, and marketing of food products contributing ₪441.20 million.

Tiv Taam Holdings 1, a notable player in the Middle Eastern market, showcases a promising financial profile with its price-to-earnings ratio of 14.8x, slightly below the IL market average of 15.3x. The company has successfully reduced its debt to equity ratio from 56.1% to 18.3% over five years, indicating improved financial health and stability. Despite earnings declining by an annual rate of 3.2% over the past five years, recent performance shows growth with second-quarter sales reaching ILS 539.71 million and net income at ILS 24.6 million compared to last year’s figures of ILS 489.55 million and ILS 21.29 million respectively.

• Dive into the specifics of Tiv Taam Holdings 1 here with our thorough health report.

• Learn about Tiv Taam Holdings 1's historical performance.

Summing It All Up

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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.

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