Discovering Undiscovered Gems in the Middle East for November 2025

In recent months, most Gulf markets have eased due to weak oil prices and lackluster earnings, reflecting a cautious sentiment among investors. Despite these challenges, the Middle East remains a region ripe with potential for uncovering lesser-known stocks that could offer unique opportunities in the current economic landscape.

Top 10 Undiscovered Gems With Strong Fundamentals In The Middle East

Click here to see the full list of 207 stocks from our Middle Eastern Undiscovered Gems With Strong Fundamentals screener.

Here's a peek at a few of the choices from the screener.

Gulf Pharmaceutical Industries P.S.C (ADX:JULPHAR)

Simply Wall St Value Rating: ★★★★★☆

Overview: Gulf Pharmaceutical Industries P.S.C., also known as Julphar, is engaged in the manufacturing and sale of pharmaceutical, cosmetic, and medical compounds across the UAE, GCC countries, and internationally, with a market capitalization of AED1.39 billion.

Operations: Julphar generates revenue primarily from its manufacturing segment, which reported AED640.80 million. The company's financials indicate a segment adjustment of AED1.03 billion, impacting overall revenue figures.

Gulf Pharmaceutical Industries, known as Julphar, has shown a promising turnaround with its recent profitability. The company's net debt to equity ratio stands at a satisfactory 2.1%, reflecting improved financial health over the past five years from 128.5% to 39.9%. Despite interest payments not being well covered by EBIT at 2.1 times, Julphar's high-quality earnings and positive free cash flow signal robust operations. Recent inclusion in the S&P Global BMI Index highlights its growing market presence, with sales reaching AED 348 million in Q2 and net income of AED 17 million compared to a previous loss of AED 3.3 million.

• Click here and access our complete health analysis report to understand the dynamics of Gulf Pharmaceutical Industries P.S.C.

• Assess Gulf Pharmaceutical Industries P.S.C's past performance with our detailed historical performance reports.

Sinpas Gayrimenkul Yatirim Ortakligi (IBSE:SNGYO)

Simply Wall St Value Rating: ★★★★☆☆

Overview: Sinpas Gayrimenkul Yatirim Ortakligi A.S., a Turkish real estate investment trust established in 2006, focuses on residential real estate developments and has a market cap of TRY19.56 billion.

Operations: SNGYO generates revenue primarily from residential real estate developments, amounting to TRY13.33 billion. The company's financial performance can be evaluated by examining its net profit margin, which provides insight into profitability relative to total revenue.

Sinpas Gayrimenkul Yatirim Ortakligi, a dynamic player in the real estate sector, has shown impressive earnings growth of 140.9% over the past year, outpacing its industry peers. The company's net debt to equity ratio stands at a satisfactory 12.9%, reflecting prudent financial management as it significantly reduced from 3622.5% over five years. Despite reporting a TRY13.4 million net loss for Q3 2025, its nine-month performance shows resilience with TRY860 million in net income compared to TRY840 million previously. A notable one-off gain of TRY5.3 billion has skewed recent results, yet Sinpas remains free cash flow positive and offers an attractive P/E ratio of 3.8x against the Turkish market average of 20.5x.

• Navigate through the intricacies of Sinpas Gayrimenkul Yatirim Ortakligi with our comprehensive health report here.

• Gain insights into Sinpas Gayrimenkul Yatirim Ortakligi's historical performance by reviewing our past performance report.

Bank of Jerusalem (TASE:JBNK)

Simply Wall St Value Rating: ★★★★☆☆

Overview: Bank of Jerusalem Ltd. is a commercial bank operating in Israel, with a market capitalization of ₪1.60 billion.

Operations: The bank generates revenue primarily through housing loans (₪212 million) and household-related services (₪261.8 million), supplemented by private banking (₪26.9 million) and services to institutional investors (₪6.7 million).

With total assets of ₪21.9 billion and equity at ₪1.6 billion, Bank of Jerusalem stands out with a robust financial base. Total deposits are at ₪17.3 billion, while loans reach ₪15.8 billion, indicating a solid loan-to-deposit ratio that suggests efficient capital utilization. The bank's earnings growth over the past year hit 20.2%, surpassing the industry average of 12.6%, reflecting its competitive edge in the market. Primarily funded through low-risk customer deposits, which make up 85% of liabilities, it seems to offer stability in funding sources amidst uncertain economic conditions in the region.

• Click here to discover the nuances of Bank of Jerusalem with our detailed analytical health report.

• Learn about Bank of Jerusalem's historical performance.

Key Takeaways

• Access the full spectrum of 207 Middle Eastern Undiscovered Gems With Strong Fundamentals by clicking on this link.
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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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