Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Cairo Amman Bank

Market Cap: د.أ274.0m

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

Wema Bank

Market Cap: ₦1.1t

Provides banking and other financial services to corporate and individual customers in Nigeria.

TSTE

Market Cap: ฿4.0b

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

Nigerian Aviation Handling

Market Cap: ₦342.3b

Provides aircraft and cargo handling, passenger handling, passenger profiling, and crew transportation services in Nigeria.

Palasino Holdings

Market Cap: HK$1.8b

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

JiaXing Gas Group

Market Cap: HK$1.2b

Engages in the sale of piped natural gas (PNG) in Mainland China.

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

Market Cap: Mex$31.4b

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

Security Federal

Market Cap: US$113.2m

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

Tri-County Financial Group

Market Cap: US$123.1m

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.

Mobile Telecommunications

Market Cap: R7.0b

Operates as a mobile telecommunications company in Namibia.

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

Market Cap: د.ك43.8m

A private equity firm specializing in direct and fund investments.

Kuwait Projects Company Holding K.S.C.P

Market Cap: د.ك347.8m

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.

Tait Marketing & Distribution

Market Cap: NT$3.7b

Tait Marketing & Distribution Co., Ltd., together with its subsidiaries, import and trades in consumer goods in Taiwan.

Oxford Bank

Market Cap: US$105.2m

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

AIICO Insurance

Market Cap: ₦154.8b

Provides risk underwriting and related financial services in Nigeria.

Taiyo KagakuLtd

Market Cap: JP¥50.2b

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

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.

National Industries Group Holding - KPSC

Market Cap: د.ك605.1m

Through its subsidiaries, engages in the building materials, petrochemicals, oil and gas services, mechanical industries, utilities, real estate, infrastructure, and financial services in Kuwait.

National Investments Company K.S.C.P

Market Cap: د.ك218.2m

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

National Cleaning Company K.P.S.C

Market Cap: د.ك32.6m

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

First Investment Company K.S.C.P

Market Cap: د.ك49.9m

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.ك37.7m

Engages in managing real estate projects in Kuwait.

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.

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك181.4m

Engages in insurance and reinsurance operations in Kuwait.

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

Market Cap: د.ك43.7m

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

Jordanian Duty Free Shops

Market Cap: د.أ148.3m

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

Colorado

Market Cap: د.م1.4b

Manufactures and distributes various paints in Morocco and internationally.

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.

Baazeem Trading

Market Cap: ر.س540.7m

Operates as a FMCG distribution company.

Onix Solar Energy

Market Cap: ₹18.1b

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

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.

Padma Oil

Market Cap: ৳17.6b

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

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.

Nofoth Food Products

Market Cap: ر.س838.3m

Produces and sells bakery products in Saudi Arabia.

Najran Cement

Market Cap: ر.س1.0b

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