Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك176.0m

Engages in insurance and reinsurance operations in Kuwait.

Standard Chartered Bank Kenya

Market Cap: KSh127.4b

Provides various banking products and services for individuals and businesses.

Palasino Holdings

Market Cap: HK$1.7b

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

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.3b

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

Alf Meem Yaa for Medical Supplies and Equipment

Market Cap: ر.س657.3m

Engages in the wholesale and retail trade of medical supplies for the aesthetic market in the Kingdom of Saudi Arabia.

JB Foods

Market Cap: S$242.6m

An investment holding company, engages in the production and sale of cocoa ingredient products primarily in Singapore, Malaysia, Indonesia, the People’s Republic of China, and the United States.

Najran Cement

Market Cap: ر.س1.0b

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

Nofoth Food Products

Market Cap: ر.س826.9m

Produces and sells bakery products in Saudi Arabia.

Etihad GO Telecom

Market Cap: ر.س2.8b

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

Cairo Amman Bank

Market Cap: د.أ274.0m

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

MOBI Industry

Market Cap: ر.س574.5m

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

Joyce

Market Cap: AU$166.8m

Joyce Corporation Ltd retails kitchen and wardrobe products in Australia.

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.

Taiyo KagakuLtd

Market Cap: JP¥49.8b

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

Padma Oil

Market Cap: ৳17.6b

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

Colorado

Market Cap: د.م1.3b

Manufactures and distributes various paints in Morocco and internationally.

Onix Solar Energy

Market Cap: ₹18.1b

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

Jamuna Bank

Market Cap: ৳22.5b

Provides various banking products and services in Bangladesh.

Buana Artha Anugerah

Market Cap: Rp2.9t

Engages in the provision of asset management services in Indonesia.

Baazeem Trading

Market Cap: ر.س540.7m

Operates as a FMCG distribution company.

Jordanian Duty Free Shops

Market Cap: د.أ148.5m

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

C. Mer Industries

Market Cap: ₪541.4m

Provides solutions in the areas of homeland security (HLS), communication infrastructure, and defense technologies.

Bilici Yatirim Sanayi ve Ticaret

Market Cap: ₺4.6b

Engages in the textiles, tourism, and energy businesses in Turkey.

Tureks Turizm Tasimacilik Anonim Sirketi

Market Cap: ₺8.7b

Engages in group transportation, and fleet and individual car rental activities in Turkey.

Amir Marketing and Investments in Agriculture

Market Cap: ₪465.4m

Through its subsidiaries supplies and markets agricultural inputs in Israel.

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م30.9b

Produces and sells fertilizers.

Epsilon Energy

Market Cap: US$167.7m

A North American onshore independent natural gas and oil company, engages in the acquisition, exploration, development, gathering, and production of natural oil and gas reserves.

Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative

Market Cap: €1.5b

Provides a range of banking and financial products and services to individuals, farmers, professionals, businesses, and public authorities in France.

Cashmere Valley Bank

Market Cap: US$253.3m

A state chartered bank, provides banking products and services to small and middle-market businesses, and retail customers.

Purple Group

Market Cap: R2.8b

A financial services and technology company, engages in trading platforms, fractional property and crypto asset investing, retirement fund administration, and asset management businesses in South Africa.

Cyprus Cement

Market Cap: €170.1m

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

Kingstone Companies

Market Cap: US$218.8m

Through its subsidiary, Kingstone Insurance Company ("KICO"), provides property and casualty insurance products in the United States.

Acsion

Market Cap: R4.6b

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

Mendelson Infrastructures & Industries

Market Cap: ₪635.1m

Engages in the supply of conduction and flow products in Israel.

Envirotainer

Market Cap: €398.1m

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