Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Fauji Foods

Market Cap: PK₨45.7b

Engages in processing and sale of toned milk, milk powder, fruit juices, allied dairy, and food products in Pakistan.

Taiyo KagakuLtd

Market Cap: JP¥46.4b

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

Central Forest Group

Market Cap: JP¥22.5b

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

National Cleaning Company K.P.S.C

Market Cap: د.ك45.4m

Provides cleaning services in Kuwait, GCC, Turkey, Iraq, and India.

First Investment Company K.S.C.P

Market Cap: د.ك56.6m

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

MOBI Industry

Market Cap: ر.س538.0m

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

Nofoth Food Products

Market Cap: ر.س810.5m

Produces and sells bakery products in Saudi Arabia.

National Investments Company K.S.C.P

Market Cap: د.ك205.5m

Provides financial and investment services in Kuwait, GCC countries, and internationally.

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.

Sokouk Holding Company K.S.C.P

Market Cap: د.ك40.4m

Engages in managing real estate projects in Kuwait.

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

Market Cap: د.ك52.2m

A private equity firm specializing in direct and fund investments.

Saudi Chemical Holding

Market Cap: ر.س7.1b

Engages in the manufacture, distribution, and retail of medicines, medical materials and syrups, pharmaceutical preparations, medical and surgical tools and equipment, supplies of hospitals and medical centers and its related spare parts, and food products.

Grupo Gigante S. A. B. de C. V

Market Cap: Mex$31.4b

Operates convenience stores and restaurants in Mexico, Central America, and Chile.

Palasino Holdings

Market Cap: HK$1.5b

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

Gulf Insurance Group - Jordan

Market Cap: د.أ83.2m

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

Invalda INVL

Market Cap: €332.8m

A private equity firm specializing in investments in small and middle-market privately held companies, industry consolidation, mature, growth capital, early venture, mid venture, later stage, acquisitions, and buyouts in undervalued assets.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.5b

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

SALUS Ljubljana d. d

Market Cap: €526.0m

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

Cairo Amman Bank

Market Cap: د.أ274.0m

Provides various banking and financial services for corporate and institutional customers.

Seef Properties B.S.C

Market Cap: ب.د53.8m

Engages in the real estate development business in the Kingdom of Bahrain.

Al Wathba National Insurance Company PJSC

Market Cap: د.إ629.3m

Engages in general insurance and reinsurance business in the United Arab Emirates and internationally.

Yibin City Commercial Bank

Market Cap: HK$12.1b

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

Jordanian Duty Free Shops

Market Cap: د.أ139.5m

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

Jamuna Bank

Market Cap: ৳22.0b

Provides various banking products and services in Bangladesh.

Hoshi Iryo-Sanki

Market Cap: JP¥16.6b

Manufactures and sells pharmaceutical medical oxygen and nitrous oxides in Japan.

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك186.0m

Engages in insurance and reinsurance operations in Kuwait.

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.

Baazeem Trading

Market Cap: ر.س567.0m

Operates as a FMCG distribution company.

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.

Britam Holdings

Market Cap: KSh31.5b

An investment holding company, provides financial solutions in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique, and Malawi.

Nestlé Pakistan

Market Cap: PK₨339.2b

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

Nextronics Engineering

Market Cap: NT$6.1b

Provides connectors, thermal, backplane, and subracks for medical, aerospace, transportation, industry, and communication applications in Taiwan.

Padma Oil

Market Cap: ৳17.3b

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

Security Federal

Market Cap: US$106.7m

Operates as the bank holding company for Security Federal Bank that provides various banking products and services.