Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Te Chang Construction

Market Cap: NT$7.7b

Engages in the construction contracting and civil engineering business in Taiwan and Thailand.

Kuwait Company for Process Plant Construction and Contracting K.S.C.P

Market Cap: د.ك44.9m

The Kuwait Company for Process Plant Construction and Contracting K.S.C.P.

Al-Deera Holding Company K.P.S.C

Market Cap: د.ك52.6m

A private equity firm specializing in direct and fund investments.

Kuwait Projects Company Holding K.S.C.P

Market Cap: د.ك347.8m

Through its subsidiaries, operates in the financial services, food, petrochemicals and oil services, media, real estate, and education sectors in Kuwait, rest of the GCC, rest of the Middle East, rest of Asia, rest of North Africa, Europe, and North America.

ABICO Asia Capital

Market Cap: NT$7.0b

Engages in the investment activities.

Palasino Holdings

Market Cap: HK$1.8b

Through its subsidiaries, engages in the gaming and hotel businesses in the Czech Republic, Germany, and Austria.

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك190.2m

Engages in insurance and reinsurance operations in Kuwait.

Sun

Market Cap: MU₨7.5b

Operates in the tourism sector.

Gulf Insurance Group - Jordan

Market Cap: د.أ80.6m

Engages in the insurance business in Jordan, the Middle East, North Africa, Europe, Asia, America, and the Near East.

Taiyo KagakuLtd

Market Cap: JP¥43.6b

Manufactures and sells functional food ingredients for food, beverage, supplement, and cosmetic applications in Japan and internationally.

Vivo Energy Mauritius

Market Cap: MU₨13.0b

Vivo Energy Mauritius Limited markets, supplies, and distributes fuels and lubricants to retail and commercial customers in Mauritius.

Ruentex Interior Design

Market Cap: NT$3.4b

Engages in interior design and decoration, landscape design engineering, and construction businesses in Taiwan.

Sokouk Holding Company K.S.C.P

Market Cap: د.ك36.9m

Engages in managing real estate projects in Kuwait.

Baazeem Trading

Market Cap: ر.س634.8m

Operates as a FMCG distribution company.

Etihad GO Telecom

Market Cap: ر.س3.2b

Provides telecommunication products and services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

JiaXing Gas Group

Market Cap: HK$1.1b

Engages in the sale of piped natural gas (PNG) in Mainland China.

Security Federal

Market Cap: US$106.0m

Operates as the bank holding company for Security Federal Bank that provides various banking products and services.

Ajman Bank PJSC

Market Cap: د.إ4.0b

Provides various banking products and services for individuals, businesses, and government institutions in the United Arab Emirates.

Shangri-La Hotel

Market Cap: ฿6.3b

Operates hotels in Bangkok and Chiang Mai provinces.

Yibin City Commercial Bank

Market Cap: HK$12.1b

Provides banking and financial products and services to small and micro enterprises in the People’s Republic of China.

Jamuna Bank

Market Cap: ৳21.6b

Provides various banking products and services in Bangladesh.

National Investments Company K.S.C.P

Market Cap: د.ك215.9m

Engages in the investment, treasury, real estate, asset management, advisory, and brokerage businesses in Kuwait, GCC countries, and internationally.

Liburnia Riviera Hoteli d.d

Market Cap: €151.3m

Provides accommodation and hospitality services in Croatia, Germany, Austria, Italy, Hungary, Slovenia, Ukraine, Czech, other European countries, and internationally.

Qassim Cement

Market Cap: ر.س4.7b

Engages in the manufacture and selling of cement in the Kingdom of Saudi Arabia.

Padma Oil

Market Cap: ৳16.9b

Engages in the procurement, storage, and marketing of petroleum products, lubricants, greases, bitumen, and LPG in Bangladesh.

Cairo Amman Bank

Market Cap: د.أ292.0m

Provides various banking and financial services for corporate and institutional customers in Jordan and internationally.

MOBI Industry

Market Cap: ر.س574.0m

Manufactures and sells fertilizers and nitrogen compounds in the Kingdom of Saudi Arabia.

Sure Global Tech

Market Cap: ر.س426.9m

Provides technological and consultative solutions for public and private sectors in the Kingdom of Saudi Arabia.

Buana Artha Anugerah

Market Cap: Rp3.7t

Engages in the provision of asset management services in Indonesia.

First Investment Bank AD

Market Cap: €560.6m

Provides various banking products and services to individuals and corporate clients in Bulgaria and Cyprus.

Smart Organic AD

Market Cap: €195.1m

Produces and distributes organic food products in Bulgaria, the European Union, Asia, and the Americas.

Arab Banking Corporation (B.S.C.)

Market Cap: US$977.9m

Provides wholesale banking services worldwide.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 460.9b

Engages in the manufacture and sale of beer, soft drinks, mineral water, alcomixes, and energy drink products.

Bank of Africa Mali

Market Cap: XOF 117.8b

Provides various banking products and services to individuals, business customers, and SMEs in Mali.

Birikim Varlik Yonetim Anonim Sirketi

Market Cap: ₺6.3b

Operates as an asset management company in Turkey.