Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

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.

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.

Padma Oil

Market Cap: ৳17.6b

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

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.

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.

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.

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.

Kingstone Companies

Market Cap: US$218.8m

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

Envirotainer

Market Cap: €398.1m

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

Lion Capital

Market Cap: RON 2.4b

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.

Itafos

Market Cap: CA$829.3m

Operates as a phosphate and specialty fertilizer 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.

Potasios de Chile

Market Cap: CL$829.2b

Engages in investment in shares and other financial instruments in Chile.

Sociedad Matriz SAAM

Market Cap: CL$1.5t

Through its subsidiaries, provides tugboat services, air cargo logistics, and real estate rentals in South America, Central America, and North America.

ANSA Merchant Bank

Market Cap: TT$2.1b

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

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

Market Cap: ج.م21.8b

Provides various banking products and services in Egypt.

Central Forest Group

Market Cap: JP¥22.8b

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

Procimmo Group

Market Cap: CHF 378.4m

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

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

Market Cap: ج.م23.9b

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.

New Mauritius Hotels

Market Cap: MU₨7.2b

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

Sun

Market Cap: MU₨7.3b

Operates in the tourism sector.

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.

Oakworth Capital

Market Cap: US$186.9m

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

Sound Financial Bancorp

Market Cap: US$104.7m

Operates as the bank holding company for Sound Community Bank that provides banking and other financial services for consumers and businesses.

ASA Gold and Precious Metals

Market Cap: US$1.2b

A publicly owned investment manager.

Soma Gold

Market Cap: CA$220.8m

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