Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Joyce

Market Cap: AU$168.2m

Joyce Corporation Ltd retails kitchen and wardrobe products in Australia.

First Investment Company K.S.C.P

Market Cap: د.ك51.3m

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

Jamuna Bank

Market Cap: ৳22.7b

Provides various banking products and services in Bangladesh.

Seef Properties B.S.C

Market Cap: ب.د53.4m

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

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.س829.8m

Produces and sells bakery products in Saudi Arabia.

National Investments Company K.S.C.P

Market Cap: د.ك222.2m

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

Cairo Amman Bank

Market Cap: د.أ276.0m

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

Kuwait Company for Process Plant Construction and Contracting K.S.C.P

Market Cap: د.ك45.6m

The Kuwait Company for Process Plant Construction and Contracting K.S.C.P.

Jordanian Duty Free Shops

Market Cap: د.أ141.8m

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

Sokouk Holding Company K.S.C.P

Market Cap: د.ك39.4m

Engages in managing real estate projects in Kuwait.

Baazeem Trading

Market Cap: ر.س536.6m

Operates as a FMCG distribution company.

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك175.8m

Engages in insurance and reinsurance operations in Kuwait.

Padma Oil

Market Cap: ৳17.5b

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

Alf Meem Yaa for Medical Supplies and Equipment

Market Cap: ر.س585.6m

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

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.3b

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

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

Market Cap: د.ك46.0m

A private equity firm specializing in direct and fund investments.

Kuwait Projects Company Holding K.S.C.P

Market Cap: د.ك350.6m

Through its subsidiaries, operates in the financial services, food, petrochemicals and oil services, media, real estate, and education sectors in Kuwait, rest of the GCC, rest of the Middle East, rest of Asia, rest of North Africa, Europe, and North America.

Inversiones Doalca SOCIMI

Market Cap: €156.6m

Inversiones Doalca Socimi, S.A., a real estate investment company, leases and rents real estate properties in Spain.

Purple Group

Market Cap: R2.9b

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.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 650.2b

Engages in the manufacture and sale of beer, soft drinks, mineral water, alcomixes, and energy drink products.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 104.3b

Processes heavy bitumen crude in Africa.

Kingstone Companies

Market Cap: US$217.5m

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

Seneca Foods

Market Cap: US$980.2m

Provides packaged fruits and vegetables in the United States and internationally.

Standard Bank

Market Cap: MK 996.0b

Provides banking and other related services in Malawi.

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.

Freetrailer Group

Market Cap: €543.3m

A technology company, operates a sharing-economy platform for the free rental of trailers and cargo bikes in Denmark, Sweden, Germany, and the Netherlands.

Acsion

Market Cap: R4.6b

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

Mendelson Infrastructures & Industries

Market Cap: ₪607.8m

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.

Pasifik Eurasia Lojistik Dis Ticaret

Market Cap: ₺81.6b

Pasifik Eurasia Lojistik Dis Ticaret A.S.

Sun

Market Cap: MU₨7.3b

Operates in the tourism sector.

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.

FRoSTA

Market Cap: €648.6m

Develops, produces, and markets frozen food products in Germany, Poland, Austria, Italy, and Eastern Europe.

Bijou Brigitte modische Accessoires

Market Cap: €323.7m

Manufactures, imports, and sells fashion jewelry, gold and silver jewelry, fashion accessories, and complementary articles.