Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Jadranski naftovod d.d

Market Cap: €806.1m

Engages in the transport and storage of crude oil and petroleum products in the Republic of Croatia and internationally.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.5b

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

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.

JiaXing Gas Group

Market Cap: HK$1.1b

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

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

Market Cap: د.ك46.0m

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

China Science and Education Industry Group

Market Cap: HK$792.0m

An investment holding company, provides private higher education and vocational education services in the People’s Republic of China.

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

Market Cap: د.ك67.5m

A private equity firm specializing in direct and fund investments.

Daphne International Holdings

Market Cap: HK$821.1m

An investment holding company, engages in the licensing, distribution, and sale of footwear products and accessories in Mainland China.

MOBI Industry

Market Cap: ر.س560.0m

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

ABICO Asia Capital

Market Cap: NT$4.8b

Engages in the investment activities.

Taiyo KagakuLtd

Market Cap: JP¥39.3b

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

First Investment Company K.S.C.P

Market Cap: د.ك57.1m

First Investment Company K.S.C.C. is a Shariah compliant privately owned investment manager.

104

Market Cap: NT$7.5b

Engages in the information technology, general advertising, employment, and human resource consultancy services in Taiwan and internationally.

Era Media Sejahtera

Market Cap: Rp2.8t

Operates as an advertising media company in Indonesia.

Namibia Breweries

Market Cap: R6.2b

Engages in brewing and distribution of alcoholic beverages, and manufacture of soft drinks in Namibia and South Africa.

Productive Business Solutions

Market Cap: US$150.6m

Engages in the distribution of printing equipment, business machines, handsets, and related accessories.

AblePrint Technology

Market Cap: NT$24.2b

Operates as a process solution provider for reducing process issues for various industries in Taiwan and internationally.

Baazeem Trading

Market Cap: ر.س629.8m

Operates as a FMCG distribution company.

Nofoth Food Products

Market Cap: ر.س938.4m

Produces and sells bakery products in Saudi Arabia.

Qassim Cement

Market Cap: ر.س4.5b

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

Najran Cement

Market Cap: ر.س1.1b

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

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك192.5m

Engages in insurance and reinsurance operations in Kuwait.

Al-Enma'a Real Estate Company K.S.C.P

Market Cap: د.ك31.2m

Engages in the contracting, management, and maintenance of real estate in Kuwait and the Gulf Countries.

Billion Industrial Holdings

Market Cap: HK$9.8b

Engages in manufacturing and sales of polyester filament yarns, polyester, polyester industrial yarns, and ES fiber products in the People’s Republic of China and internationally.

Shangri-La Hotel

Market Cap: ฿5.5b

Operates hotels in Bangkok and Chiang Mai provinces.

Yibin City Commercial Bank

Market Cap: HK$12.0b

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

Palasino Holdings

Market Cap: HK$2.1b

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

Sun

Market Cap: MU₨7.7b

Operates in the tourism sector.

Sure Global Tech

Market Cap: ر.س462.2m

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

Jamuna Bank

Market Cap: ৳19.7b

Provides various banking products and services in Bangladesh.

Australian United Investment

Market Cap: AU$1.4b

A publicly owned investment manager.

Kuwait Insurance CompanyK.P

Market Cap: د.ك116.1m

Provides various insurance products and services in Kuwait.

Padma Oil

Market Cap: ৳16.5b

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

Wan Hwa Enterprise

Market Cap: NT$5.0b

Engages in the rental of commercial buildings in Taiwan.

Creative & Innovative System

Market Cap: ₩537.7b

Manufactures and sells equipment for lithium-ion batteries powering IT instruments, EV lithium-ion batteries, fuel cells, solar cells, displays, etc.