Index Description

Alvotech is a biopharmaceutical company that specializes in the production of

biosimilars. Alvotech has grown significantly since its founding and currently has office

locations in Iceland, Luxembourg, Germany, Switzerland, United States, and India.

Their products expand access to medicines by making them more affordable and reach

a global audience through partnerships with global pharmaceutical companies. Their

biosimilars have also gained approval from many global regulatory bodies, including the

FDA. Under the symbol ALVO, Alvotech is currently listed on the Nasdaq market in the

US and the First North market in Iceland.

Amaroq Minerals Ltd is a mining company focused on the acquisition and exploration of

gold and mineral assets in Greenland. With a small team of about 10-50 employees,

Amaroq Minerals Ltd is listed on both the Toronto Stock Exchange and the London

Stock Exchange. Amaroq Minerals Ltd’s headquarters are located in Toronto, Canada

with additional office locations in Iceland and Greenland. Amaroq Minerals Ltd boasts

an experienced management team, first mover advantage, and low-cost development

which provide many attractive projects across the life cycle.

Arion Bank is an Icelandic bank that provides universal financial services, including retail and corporate banking, asset management, and investment banking, to its customers. Arion Bank serves over 100,000 customers who are primarily located in Iceland. Arion Bank is listed on the Nasdaq Iceland stock exchange and has several office locations throughout Iceland. As one of Iceland’s leading banking franchises, it possesses about 30% market share. 

Brim is an Icelandic seafood company that operates in the harvesting, processing, and sale of local seafood. As one of Iceland’s leading seafood companies, Brim is committed to sustainability through its use of responsible fishing and processing practices to supply its seafood. Brim’s products are sold all over the world, with its primary markets in Europe, Asia, North America, and Africa. Since its founding in 1985, Brim has a deep presence in the seafood sector, an industry crucial to Iceland’s economy and history. Brim is currently listed on the Nasdaq stock exchange with offices and processing plants located throughout Iceland. 

Eimskipafelag Islands, also known as Eimskip, is an Iceland-founded shipping company that offers worldwide transportation, warehousing, and freight forwarding services. As the oldest shipping company in Iceland, Eimskip has developed a strong market presence and utilizes its strategic location to connect to global markets. Due to its strong international presence, Eimskip emphasizes sustainability and efficiency in its business practices to comply with international shipping regulations. Eimskip has 56 office locations across twenty countries and four continents. Eimskip is currently listed on the Nasdaq Iceland and the London Stock Exchange. 

Festi is an Icelandic holding company that specializes in the retail and consumer products industry. As an Icelandic leader in the industry, Festi has a mission to drive investments, create value, and support new opportunities through its portfolio of companies. Festi operates several distribution centers and offices across Iceland to serve its primarily Icelandic customer base. 

Founded in 2003, Hagar is a leading Icelandic retailer in the food, specialty, and fuel markets. With about 3,000 employees, Hagar owns and operates 38 stores within two of the largest grocery retail chains in Iceland, Hagkaup and Bónus, in addition to its 69 gas stations and its specialty and distribution companies. These chains operate in eight different subsidiaries which are run independently and are dispersed throughout Iceland. Due to the location of its retail stores and distribution centers, its primary customers are based in Iceland. Hagar’s strong market presence and diverse portfolio allow for sustainable long-term growth.

Hampidjan is an Iceland-founded company that specializes in the manufacturing and sale of fishing and marine equipment. Utilized for commercial, recreational, and military uses, Hampidjan has grown to be a global leader in its field. Due to its global presence, Hampidjan has production facilities and offices in strategic locations around the world, including the United States, New Zealand, Norway, Canada, Ireland, Lithuania, Australia, Denmark, Greenland, Scotland, Spain, and the Faroe Islands with its headquarters located in Iceland. Its two central manufacturing facilities are located in Lithuania, and its 28 companies aid in serving the 35 global locations the company operates. With about 2,000 employees, Hampidjan has also penetrated the oil industry in the last thirty years, expanding its large market presence.

Icelandair Group is an Icelandic travel corporation that owns Icelandair and several other Icelandic travel companies. Due to its strategic location between Europe and North America, Icelandair Group serves about four million customers each year traveling to, from, via and within Iceland. With a team of 3,325 employees, Icelandair has over fifty aircrafts that travel to over fifty-five locations worldwide. As Iceland’s largest airline, Icelandair values fuel efficiency measures and enacts other sustainable practices to reduce its carbon footprint.

Islandsbanki is a financial institution that offers an array of financial and banking services to its customers in Iceland. With 775 employees, Islandsbanki operates four offices in Iceland along with a location in Hungary. As one of Iceland’s leading banks, Islandsbanki has developed a strong reputation and market presence since its founding, with its roots tracing back to 1875. Islandsbanki has been instrumental in economic development through the years in its service of individuals, large corporations, and businesses.

Kvika bank is an Iceland-founded banking service that serves its customers through commercial banking, investment banking, asset management, insurance, and UK operations. With 250 employees, Kyika bank and its subsidiaries control offices in both Iceland and the UK to provide financial services to its customer base in both countries. Kvika bank has grown significantly since its founding in 2002 and continues to value long-term relationships with its customers.

Marel is a global food processing company that serves customers in over 140 countries. With 7,500 employees, Marel owns and operates regional offices and processing facilities in thirty countries and six continents across North America, Europe, Asia-Pacific, South America, and Africa. Its headquarters are strategically located in Iceland with hundreds of offices worldwide. Marel values safety, sustainability, and affordability in its business practice to best serve its wide customer base. Marel also regularly invests in research and development to improve its current methods.