Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Energy World

Market Cap: AU$213.1m

An independent energy company, engages in the development, production, and sale of power and liquefied natural gas in the Asia Pacific region.

Standard Chartered Bank Kenya

Market Cap: KSh113.2b

Provides various banking products and services for individuals and businesses.

Baazeem Trading

Market Cap: ر.س662.2m

Operates as a FMCG distribution company.

Nofoth Food Products

Market Cap: ر.س894.6m

Produces and sells bakery products in Saudi Arabia.

Qassim Cement

Market Cap: ر.س4.6b

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

Cairo Amman Bank

Market Cap: د.أ312.0m

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

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.0b

Provides wholesale banking services worldwide.

FineMark Holdings

Market Cap: US$463.4m

Operates as the bank holding company for FineMark National Bank & Trust that provides various banking and financial services to individual and corporate clients.

Hospital Corporation of China

Market Cap: HK$817.6m

An investment holding company, owns, operates, and manages hospitals in the People’s Republic of China.

Nusantara Pelabuhan Handal

Market Cap: Rp3.6t

Manages and operates container terminals in Indonesia and internationally.

Najran Cement

Market Cap: ر.س1.1b

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

Bonraybio

Market Cap: NT$3.7b

A development stage company, manufactures medical instruments and solutions for the male infertility market.

Nestlé Pakistan

Market Cap: PK₨362.7b

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

Etihad GO Telecom

Market Cap: ر.س3.0b

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

National Environmental Recycling

Market Cap: ر.س684.2m

National Environmental Recycling Company recycles electronic and electrical equipment in Asia, Middle East, Japan, and Europe.

Padma Oil

Market Cap: ৳16.4b

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

Jordanian Duty Free Shops

Market Cap: د.أ146.0m

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

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.4b

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

Hearts and Minds Investments

Market Cap: AU$723.6m

n/a

Australian United Investment

Market Cap: AU$1.4b

A publicly owned investment manager.

Q P Group Holdings

Market Cap: HK$856.5m

An investment holding company, manufactures and trades in paper products in the People’s Republic of China, the United States, Europe, and internationally.

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.

Ibrahim Fibres

Market Cap: PK₨88.8b

Manufactures and sells polyester staple fiber (PSF) and yarn products in Pakistan, Singapore, and Switzerland.

Sure Global Tech

Market Cap: ر.س469.4m

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

Taiyo KagakuLtd

Market Cap: JP¥39.8b

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

Argosy Minerals

Market Cap: AU$184.3m

Engages in the exploration and development of lithium properties in Argentina and the United States.

Sun

Market Cap: MU₨7.5b

Operates in the tourism sector.

Citra Tubindo

Market Cap: Rp4.7t

Provides pipes and accessories, and related services to the oil and gas industries in Indonesia.

MOBI Industry

Market Cap: ر.س565.0m

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

Lippo Cikarang

Market Cap: Rp3.0t

Develops real estate and industrial estate projects in Indonesia.

Practic

Market Cap: RON 760.3m

Engages in the lease and sublease of real estate properties in Romania.

Jamuna Bank

Market Cap: ৳19.7b

Provides various banking products and services in Bangladesh.

Smart Organic AD

Market Cap: лв369.7m

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

Alumil Aluminium Industry

Market Cap: €160.4m

Engages in the design and production of architectural aluminum systems in Greece and internationally.

Alantra Partners

Market Cap: €307.6m

Engages in the investment banking and asset management services in Spain and internationally.