Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

MAPFRE Middlesea

Market Cap: €130.6m

Provides non-life and life insurance products and services to individuals, small and medium enterprises, professionals, and businesses in Malta.

Tri-County Financial Group

Market Cap: US$127.1m

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.

Cyprus Cement

Market Cap: €172.1m

Engages in the production and sale of cement and related businesses in Cyprus.

Oxford Bank

Market Cap: US$104.0m

Operates as the holding company for Oxford Bank that provides various banking products and services to various customers in Michigan.

Tchaikapharma High Quality Medicines AD

Market Cap: €891.9m

Develops, manufactures, and sells medicines in Bulgaria.

Namibia Breweries

Market Cap: R6.6b

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

TSTE

Market Cap: ฿4.1b

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

Hindustan Construction

Market Cap: ₹50.4b

Provides engineering and construction services in India and internationally.

Nusantara Pelabuhan Handal

Market Cap: Rp2.5t

Manages and operates container terminals in Indonesia and internationally.

Saudi Chemical Holding

Market Cap: ر.س6.9b

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.

Asian Granito India

Market Cap: ₹22.9b

Engages in the manufacture and trade of tiles, marbles, and related products in India.

Sambhv Steel Tubes

Market Cap: ₹35.4b

Manufactures and sells electric resistance welded steel pipes, structural tubes, and stainless-steel coils in India.

National Investments Company K.S.C.P

Market Cap: د.ك208.7m

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

SML Mahindra

Market Cap: ₹62.6b

Manufactures and sells commercial vehicles and related parts in India and internationally.

Nofoth Food Products

Market Cap: ر.س791.4m

Produces and sells bakery products in Saudi Arabia.

MOBI Industry

Market Cap: ر.س507.0m

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

First Investment Company K.S.C.P

Market Cap: د.ك56.2m

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

Sokouk Holding Company K.S.C.P

Market Cap: د.ك41.0m

Engages in managing real estate projects in Kuwait.

Maharashtra Seamless

Market Cap: ₹86.4b

Engages in the manufacture and sale of seamless steel pipes and tubes in India.

Aoxin Q & M Dental Group

Market Cap: S$204.6m

An investment holding company, provides private dental healthcare services in the People’s Republic of China and Singapore.

Bank Ganesha

Market Cap: Rp3.0t

Provides various general banking products and services for individuals and businesses in Indonesia.

Fauji Foods

Market Cap: PK₨45.4b

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

Thai Steel Cable

Market Cap: ฿3.7b

Manufactures and distributes automobile and motorcycle control cables, and automobile window regulators in Thailand.

Lippo Cikarang

Market Cap: Rp3.5t

Develops real estate and industrial estate projects in Indonesia.

Buana Artha Anugerah

Market Cap: Rp3.0t

Engages in the provision of asset management services in Indonesia.

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.أ282.0m

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

Royal Ceramics Lanka

Market Cap: LK₨52.5b

Manufactures and sells wall and floor tiles in Sri Lanka.

Central Forest Group

Market Cap: JP¥22.5b

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

Insolation Energy

Market Cap: ₹31.5b

Engages in the manufacture and sale of solar panels and modules under INA brand name in India.

Renaissance Global

Market Cap: ₹11.4b

Manufactures, retails, and trades in jewelry, gems, and diamonds in India and internationally.

Taiyo KagakuLtd

Market Cap: JP¥45.6b

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

Shree Pushkar Chemicals & Fertilisers

Market Cap: ₹11.2b

Manufactures and trades in chemicals, dyes and dyes intermediate, cattle feeds, fertilizers, and soil conditioners in India.

Sakar Healthcare

Market Cap: ₹13.6b

Research, develops, manufactures, and sells pharmaceutical products in India.

AIICO Insurance

Market Cap: ₦153.7b

Provides risk underwriting and related financial services in Nigeria.