Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Suez Canal Company for Technology Settling (S.A.E)

Market Cap: ج.م24.1b

Engages in the establishment and management of technology zones, scientific incubators, and training centers for the preparation of researchers, transfer technology, and related services in Egypt.

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

Market Cap: ج.م22.1b

Provides various banking products and services in Egypt.

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م30.0b

Produces and sells fertilizers.

Canal Shipping Agencies

Market Cap: ج.م8.0b

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

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.

ASA Gold and Precious Metals

Market Cap: US$1.4b

A publicly owned investment manager.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 104.4b

Processes heavy bitumen crude in Africa.

Freetrailer Group

Market Cap: €579.5m

A technology company, operates a sharing-economy platform for the free rental of trailers and cargo bikes in Denmark, Sweden, Germany, and the Netherlands.

Telekom Networks Malawi

Market Cap: MK 358.3b

Provides telecommunication services to enterprises and individual customers in Malawi.

Standard Bank

Market Cap: MK 996.0b

Provides banking and other related services in Malawi.

Grendene

Market Cap: R$4.1b

Engages in the development, production, distribution, and sale of plastic footwear for women, men, and children in Brazil and internationally.

Liburnia Riviera Hoteli d.d

Market Cap: €149.5m

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

Itafos

Market Cap: CA$664.7m

Operates as a phosphate and specialty fertilizer company.

Master Drilling Group

Market Cap: R2.6b

An investment holding company, provides specialized drilling services to blue chip major and mid-tier companies in the mining, civil engineering, construction, and hydroelectric power sectors.

Acsion

Market Cap: R4.5b

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

Procimmo Group

Market Cap: CHF 373.9m

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

Bank of Africa Mali

Market Cap: XOF 126.1b

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

Central Forest Group

Market Cap: JP¥23.2b

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

Pure Cycle

Market Cap: US$245.8m

Provides water and wastewater services in the United States.

NameSilo Technologies

Market Cap: US$127.9m

Through its subsidiaries, provides domain name registration services in the United States, East and South Asia, South East Asia, Australasia, and internationally.

Sparta

Market Cap: €135.6m

A publicly owned investment manager.

ANSA Merchant Bank

Market Cap: TT$2.1b

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

Soma Gold

Market Cap: CA$232.5m

A natural resource company, engages in the acquisition, exploration, and development of mineral properties in Columbia.

FRoSTA

Market Cap: €649.9m

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

New Mauritius Hotels

Market Cap: MU₨7.3b

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

Sun

Market Cap: MU₨7.3b

Operates in the tourism sector.

TSTE

Market Cap: ฿3.9b

Primarily engages in the production and distribution of food, ingredients, and confectionery products in Thailand.

GB Holdings

Market Cap: US$55.0m

Produces rubber and chemical products in Zimbabwe.

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.

Tri-County Financial Group

Market Cap: US$123.6m

Operates as a bank holding company for First State Bank, providing various banking and mortgage banking services and insurance services to individuals and businesses in the United States.

Oakworth Capital

Market Cap: US$194.8m

Operates as a bank holding company for Oakworth Capital Bank that provides range of banking services in the United States.

Morris State Bancshares

Market Cap: US$260.8m

Operates as the bank holding company for Morris Bank that provides various financial services to individuals and small businesses in Georgia.

Guardian Capital Group

Market Cap: CA$1.6b

Through its subsidiaries, primarily engages in the provision of investment services in Canada, the United States, the United Kingdom, 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.

Franklin Financial Services

Market Cap: US$221.7m

Operates as the bank holding company for Farmers and Merchants Trust Company of Chambersburg that provides commercial, retail banking, and trust services to businesses, individuals, governmental entities in Pennsylvania.