Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Ideal Capital Berhad

Market Cap: RM 1.8b

An investment holding company, engages in the property development business in Malaysia.

Grupo Gigante S. A. B. de C. V

Market Cap: Mex$31.4b

Operates convenience stores and restaurants in Mexico, Central America, and Chile.

Security Federal

Market Cap: US$106.7m

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

Procimmo Group

Market Cap: CHF 432.4m

A holding company, engages in the investment, management, and sale of real estate properties in Switzerland.

Central Forest Group

Market Cap: JP¥23.1b

Engages in the wholesale of food, alcoholic beverages, and other related consumer products in Japan.

Baazeem Trading

Market Cap: ر.س559.9m

Operates as a FMCG distribution company.

Mark Dynamics Indonesia

Market Cap: Rp3.2t

Manufactures and sells hand former products in Indonesia and internationally.

Bank Ganesha

Market Cap: Rp2.7t

Provides various general banking products and services for individuals and businesses in Indonesia.

Taiyo KagakuLtd

Market Cap: JP¥46.6b

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

Padma Oil

Market Cap: ৳17.5b

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

Joyce

Market Cap: AU$174.2m

Joyce Corporation Ltd retails kitchen and wardrobe products in Australia.

Seef Properties B.S.C

Market Cap: ب.د48.8m

Engages in the real estate development business in the Kingdom of Bahrain.

Al Wathba National Insurance Company PJSC

Market Cap: د.إ629.3m

Engages in general insurance and reinsurance business in the United Arab Emirates and internationally.

ManpowerGroup Greater China

Market Cap: HK$1.1b

An investment holding company, provides workforce solutions and services in the People’s Republic of China, Hong Kong, Macau, and Taiwan.

Saudi Chemical Holding

Market Cap: ر.س6.8b

Engages in the manufacture, distribution, and retail of medicines, medical materials and syrups, pharmaceutical preparations, medical and surgical tools and equipment, supplies of hospitals and medical centers and its related spare parts, and food products.

Najran Cement

Market Cap: ر.س980.3m

Engages in the manufacture and sale of cement products in the Kingdom of Saudi Arabia.

Nofoth Food Products

Market Cap: ر.س767.5m

Produces and sells bakery products in Saudi Arabia.

New Mauritius Hotels

Market Cap: MU₨7.2b

Operates hotels in Mauritius, Europe, Morocco, and internationally.

Jamuna Bank

Market Cap: ৳22.3b

Provides various banking products and services in Bangladesh.

Sun

Market Cap: MU₨7.1b

Operates in the tourism sector.

Cairo Amman Bank

Market Cap: د.أ278.0m

Provides various banking and financial services for corporate and institutional customers.

Jordanian Duty Free Shops

Market Cap: د.أ140.0m

Invests in, operates, and manages duty-free shops.

Vivo Energy Mauritius

Market Cap: MU₨13.1b

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

Nusantara Pelabuhan Handal

Market Cap: Rp2.5t

Manages and operates container terminals in Indonesia and internationally.

National Industries Group Holding - KPSC

Market Cap: د.ك605.1m

Through its subsidiaries, engages in the building materials, petrochemicals, oil and gas services, mechanical industries, utilities, real estate, infrastructure, and financial services in Kuwait.

National Cleaning Company K.P.S.C

Market Cap: د.ك40.7m

Provides cleaning services in Kuwait, GCC, Turkey, Iraq, and India.

Nestlé Pakistan

Market Cap: PK₨340.1b

Manufactures, processes, and sells dairy, nutrition, beverages, and food products in Pakistan, Afghanistan, the United States, and internationally.

Etihad GO Telecom

Market Cap: ر.س3.1b

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

MOBI Industry

Market Cap: ر.س518.0m

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

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.3b

Provides business and digital technology solutions in the Kingdom of Saudi Arabia.

PINAGO UTAMA

Market Cap: Rp2.5t

Engages in the oil palm and rubber plantation business in Indonesia.

SALUS Ljubljana d. d

Market Cap: €538.4m

Engages in the distribution, promotion, sales services, and value-added services for medicinal products or medical devices in Slovenia and internationally.

Hafary Holdings

Market Cap: S$204.5m

An investment holding company, engages in import, export, dealing, distribution, wholesale, and trading in building materials.

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

Market Cap: د.ك49.4m

A private equity firm specializing in direct and fund investments.

Palasino Holdings

Market Cap: HK$1.6b

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