Global Undiscovered Gems With Strong Fundamentals

Wilson Bank Holding

Market Cap: US$486.6m

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to individuals, professionals, and small businesses in Tennessee.

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Morris State Bancshares

Market Cap: US$219.4m

Operates as the bank holding company for Morris Bank that provides various financial services to individuals and small businesses in Georgia.

SALUS Ljubljana d. d

Market Cap: €252.9m

Engages in the provision of distribution, promotion, active sales, and value-added services for the medicinal products in Slovenia and internationally.

Jordanian Duty Free Shops

Market Cap: د.أ135.2m

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

Shangri-La Hotel

Market Cap: ฿6.0b

Operates hotels in Bangkok and Chiang Mai provinces.

Waja

Market Cap: ر.س513.8m

Engages in the construction, media and communication, and information technology businesses.

Baazeem Trading

Market Cap: ر.س608.5m

Operates as a FMCG distribution company.

Sure Global Tech

Market Cap: ر.س616.0m

Provides technological and consultative solutions for public and private sectors in the Kingdom of Saudi Arabia.

Nofoth Food Products

Market Cap: ر.س1.2b

Produces and sells bakery products in Saudi Arabia.

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك169.3m

Engages in insurance and reinsurance operations in Kuwait.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.8b

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

National General Insurance (P.J.S.C.)

Market Cap: د.إ1.0b

Engages in underwriting various classes of life and general insurance, and reinsurance businesses in the United Arab Emirates.

National Investments Company K.S.C.P

Market Cap: د.ك206.4m

Engages in the investment, treasury, real estate, asset management, advisory, and brokerage businesses in Kuwait, GCC countries, and internationally.

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

Market Cap: د.ك45.1m

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

Alf Meem Yaa for Medical Supplies and Equipment

Market Cap: ر.س826.0m

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

National Industries Group Holding - KPSC

Market Cap: د.ك604.7m

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

Invest Bank

Market Cap: د.أ195.0m

Provides various banking and related financial services in Jordan.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Jamuna Bank

Market Cap: ৳17.1b

Provides various banking products and services in Bangladesh.

A'ayan Real Estate Company K.S.C.P

Market Cap: د.ك37.8m

Engages in the real estate development and investment activities in Kuwait and rest of GCC countries.

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

Market Cap: د.ك39.7m

A private equity firm specializing in direct and fund investments.

MOBI Industry

Market Cap: ر.س700.0m

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

SHL Consolidated Bhd

Market Cap: RM 552.0m

An investment holding company, engages in the development of integrated commercial and residential properties in Malaysia.

Kuwait Projects Company Holding K.S.C.P

Market Cap: د.ك422.1m

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.

Sugar Terminals

Market Cap: AU$356.4m

Provides storage and handling solutions for bulk sugar and other commodities in Australia.

Padma Oil

Market Cap: ৳17.7b

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

Linde Bangladesh

Market Cap: ৳13.6b

Manufactures and supplies industrial and medical gases, welding products and equipment, and ancillary equipment in Bangladesh.

Lampsa Hellenic Hotels

Market Cap: €790.5m

Operates hotels primarily in Greece, Cyprus, and Serbia.

Chilanga Cement

Market Cap: K5.6b

Engages in the manufacture and sale of cement products in Zambia.

Viohalco

Market Cap: €1.4b

Through its subsidiaries, manufactures, and sells aluminium, copper, cables, and steel and steel pipe products.

First National Bank of Botswana

Market Cap: P13.2b

Provides various banking and related products and services to individuals, businesses, corporates, and private clients in Botswana.

Polyram Plastic Industries

Market Cap: ₪1.1b

Manufactures and supplies thermoplastic compounds in Israel and internationally.

Solesence

Market Cap: US$213.1m

A science-driven company, develops, manufactures, and sells integrated family of technologies in the United States.

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

Engages in the development and manufacture of generic and in-licensed medicines in Bulgaria.

Inversiones Doalca SOCIMI

Market Cap: €154.2m

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