Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Intellego Technologies

Market Cap: SEK 1.6b

Manufactures and sells ultraviolet indicators in Sweden, the United Kingdom, the United States, Europe, China, and internationally.

Bahrain National Holding Company B.S.C

Market Cap: ب.د59.0m

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

Jordanian Duty Free Shops

Market Cap: د.أ141.8m

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

Standard Bank

Market Cap: MK 996.0b

Provides banking and other related services in Malawi.

GB Holdings

Market Cap: US$55.0m

Produces rubber and chemical products in Zimbabwe.

Gulf Insurance Group - Jordan

Market Cap: د.أ80.1m

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

Sociedad Matriz SAAM

Market Cap: CL$1.3t

Through its subsidiaries, provides tugboat services, air cargo logistics, and real estate rentals in South America, Central America, and North America.

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.

Empresas Lipigas

Market Cap: CL$933.1b

Engages in the distribution and sale of liquefied petroleum gas (LPG), natural gas (NG), and liquefied natural gas (LNG) in Chile, Peru, and Colombia.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 104.4b

Processes heavy bitumen crude in Africa.

Canal Shipping Agencies

Market Cap: ج.م7.8b

Provides various shipping services to the international commercial fleet in Egypt.

BAUER

Market Cap: €269.0m

Provides services, equipment, and products related to ground and groundwater in Germany, Europe, the Middle East, the Asia Pacific, the Americas., and Africa.

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م30.5b

Produces and sells fertilizers.

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.

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.

Jadranski naftovod d.d

Market Cap: €816.2m

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

ANSA Merchant Bank

Market Cap: TT$2.1b

Provides a range of banking and financial services in Trinidad and Tobago, and Barbados.

Chilanga Cement

Market Cap: K16.1b

Engages in the manufacture and sale of cement products in Zambia.

Inversiones Doalca SOCIMI

Market Cap: €156.6m

Inversiones Doalca Socimi, S.A., a real estate investment company, leases and rents real estate properties in Spain.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 726.7b

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

Li Ming Development Construction

Market Cap: NT$3.6b

Li Ming Development Construction Co., Ltd.

Nigerian Aviation Handling

Market Cap: ₦331.3b

Provides aircraft and cargo handling, passenger handling, passenger profiling, and crew transportation services in Nigeria.

Acsion

Market Cap: R4.5b

Engages in property holding and development activities in South Africa and internationally.

Sopharma AD

Market Cap: €939.9m

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

Envirotainer

Market Cap: €404.0m

Develops, produces, and markets vacuum insulation panels and phase change materials in Germany, rest of European Union, and internationally.

FRoSTA

Market Cap: €651.3m

Develops, produces, and markets frozen food products in Germany, Poland, Austria, Italy, and Eastern Europe.

Sun

Market Cap: MU₨7.3b

Operates in the tourism sector.

New Mauritius Hotels

Market Cap: MU₨7.3b

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

Onix Solar Energy

Market Cap: ₹14.5b

Engages in the trading of non-ferrous metals in India.

Central Forest Group

Market Cap: JP¥23.7b

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

Telekom Networks Malawi

Market Cap: MK 357.6b

Provides telecommunication services to enterprises and individual customers in Malawi.

Lion Capital

Market Cap: RON 2.3b

SIF Banat-Crisana is a self-managed closed-end investment company and since March 2018, it is authorized by ASF as alternative investment fund manager.

Bank of Africa Mali

Market Cap: XOF 129.0b

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

Procimmo Group

Market Cap: CHF 378.4m

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

Export Development Bank of Egypt (S.A.E.)

Market Cap: ج.م21.8b

Provides various banking products and services in Egypt.