Global Undiscovered Gems With Strong Fundamentals

Arab Insurance Group (B.S.C.)

Market Cap: US$190.2m

Provides life and non-life reinsurance products and related services in the Afro Asia region.

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Hind Rectifiers

Market Cap: ₹21.6b

Engages in the designs, development, manufacture, and marketing of power semiconductor devices, power electronic equipment, and railway transportation equipment in India and internationally.

Waja

Market Cap: ر.س499.8m

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

Jordanian Duty Free Shops

Market Cap: د.أ150.8m

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

Hayleys

Market Cap: LK₨120.9b

Operates in the manufacturing, agriculture, and services sectors worldwide.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.7b

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

Kuwait Projects Company Holding K.S.C.P

Market Cap: د.ك399.7m

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.

Baazeem Trading

Market Cap: ر.س518.4m

Operates as a FMCG distribution company.

Sure Global Tech

Market Cap: ر.س607.7m

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

Maistra d.d

Market Cap: €525.3m

Engages in the hotel business in Croatia.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Gulf Insurance Group - Jordan

Market Cap: د.أ80.6m

Engages in the insurance business in Jordan, Middle East, and North Africa region.

Compañía Electro Metalúrgica

Market Cap: CL$328.9b

Operates as producers and vendors of integrated solutions for the mining market in Chile and internationally.

Linde Bangladesh

Market Cap: ৳12.7b

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

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك175.1m

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.

Saudi Chemical Holding

Market Cap: ر.س5.5b

Saudi Chemical Holding Company manufacture, wholesale, and retail trade of medicines, medical materials and syrups, pharmaceutical preparations, medical and surgical tools and equipment in the Kingdom of Saudi Arabia and internationally.

MOBI Industry

Market Cap: ر.س600.0m

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

National Investments Company K.S.C.P

Market Cap: د.ك182.5m

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

Nofoth Food Products

Market Cap: ر.س1.1b

Produces and sells bakery products in Saudi Arabia.

Invest Bank

Market Cap: د.أ217.5m

Provides various banking and related financial services in Jordan.

Alf Meem Yaa for Medical Supplies and Equipment

Market Cap: ر.س775.6m

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

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

Market Cap: د.ك38.7m

A private equity firm specializing in direct and fund investments.

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

Market Cap: د.ك42.4m

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

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

Market Cap: د.ك44.3m

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

Jamuna Bank

Market Cap: ৳15.1b

Provides various banking products and services in Bangladesh.

Om Infra

Market Cap: ₹11.8b

Engages in the design, engineering, manufacture, supply, installation, testing, and commissioning of hydro mechanical equipment for hydroelectric power and irrigation projects in India and internationally.

Sun

Market Cap: MU₨6.5b

Operates in the tourism sector.

Taiyo KagakuLtd

Market Cap: JP¥30.5b

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

3B Blackbio Dx

Market Cap: ₹12.6b

Engages in the design, development, manufacturing, and commercialization of agrochemicals and PCR based molecular diagnostic kits in India.

National Corporation for Tourism and Hotels

Market Cap: د.إ4.2b

Invests in, owns, and manages hotels and leisure complexes in the United Arab Emirates.

Vasa Denticity

Market Cap: ₹9.8b

Trades in dental products in India.

AGI Infra

Market Cap: ₹21.9b

Agi Infra Limited, together with its subsidiary, engages in the real estate and construction businesses in India.

Lotus Chocolate

Market Cap: ₹19.0b

Manufactures and sells chocolates, cocoa products, and cocoa derivatives to chocolate makers and users in India.

Bank MNC Internasional

Market Cap: Rp2.2t

Provides various banking products and services in Indonesia.