Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Korea Ratings

Market Cap: ₩434.5b

Provides credit rating and business valuation services in South Korea.

Tokyo Tekko

Market Cap: JP¥55.4b

Engages in the manufacture and sale of steel and reinforcing bars in Japan.

Najran Cement

Market Cap: ر.س1.1b

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

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.4b

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

Nofoth Food Products

Market Cap: ر.س877.4m

Produces and sells bakery products in Saudi Arabia.

Chobe Holdings

Market Cap: P1.7b

Through its subsidiaries, engages in owning and operating ecotourism lodges and camps on leased lands in northern Botswana and the Caprivi Strip in Namibia.

SALUS Ljubljana d. d

Market Cap: €435.6m

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

AB Akola Group

Market Cap: €307.3m

Through its subsidiaries, engages in the production, preparation, and sale of agricultural and food products in Lithuania, Scandinavian, rest of Europe, Africa, Asia, and CIS countries.

AIICO Insurance

Market Cap: ₦151.9b

Provides risk underwriting and related financial services in Nigeria.

Wema Bank

Market Cap: ₦910.7b

Provides banking and other financial services to corporate and individual customers in Nigeria.

Qassim Cement

Market Cap: ر.س4.7b

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

Bahrain National Holding Company B.S.C

Market Cap: ب.د62.3m

Provides insurance and investment products in the Kingdom of Bahrain, other GCC countries, and internationally.

First National Bank of Botswana

Market Cap: P13.9b

Provides various banking and related products and services to individuals, and large and small businesses in Botswana.

Transnational Corporation of Nigeria

Market Cap: ₦469.0b

Together with the subsidiaries, engages in the power, oil and gas, and hospitality businesses in Nigeria.

Sopharma AD

Market Cap: €965.8m

Produces, distributes, and exports pharmaceutical products in Europe, Bulgaria, and internationally.

Smart Organic AD

Market Cap: €200.7m

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

First Investment Bank AD

Market Cap: €566.5m

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

Evergent Investments

Market Cap: RON 2.6b

A publicly owned investment manager.

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك191.3m

Engages in insurance and reinsurance operations in Kuwait.

National Investments Company K.S.C.P

Market Cap: د.ك232.6m

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

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.

Kuwait Insurance CompanyK.P

Market Cap: د.ك119.0m

Provides various insurance products and services in Kuwait.

MOBI Industry

Market Cap: ر.س541.5m

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

Jordanian Duty Free Shops

Market Cap: د.أ144.0m

9649273 Jordanian Duty Free Shops invests in, operates, and manages duty-free shops.

Kuwait Projects Company Holding K.S.C.P

Market Cap: د.ك374.3m

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.

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

Market Cap: د.ك46.7m

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

Gulf Insurance Group - Jordan

Market Cap: د.أ81.4m

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

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

Market Cap: د.ك57.1m

A private equity firm specializing in direct and fund investments.

Padma Oil

Market Cap: ৳16.6b

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

Jamuna Bank

Market Cap: ৳20.9b

Provides various banking products and services in Bangladesh.

Cairo Amman Bank

Market Cap: د.أ298.0m

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

Shangri-La Hotel

Market Cap: ฿6.5b

Operates hotels in Bangkok and Chiang Mai provinces.

Sokouk Holding Company K.S.C.P

Market Cap: د.ك42.3m

Engages in managing real estate projects in Kuwait.

Baazeem Trading

Market Cap: ر.س652.1m

Operates as a FMCG distribution company.

Sure Global Tech

Market Cap: ر.س439.3m

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