Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Ibrahim Fibres

Market Cap: PK₨83.1b

Manufactures and sells polyester staple fiber (PSF) and yarn products in Pakistan, Singapore, and Switzerland.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Li Ming Development Construction

Market Cap: NT$4.1b

Li Ming Development Construction Co., Ltd.

Al Wathba National Insurance Company PJSC

Market Cap: د.إ724.5m

Engages in general insurance and reinsurance business in the United Arab Emirates and internationally.

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م36.2b

Produces and sells fertilizers.

Rrp Semiconductor

Market Cap: ₹158.9b

Trades in electronic parts in India.

ANSA Merchant Bank

Market Cap: TT$2.7b

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

Standard Bank

Market Cap: MK 1.2t

Provides banking and other related services in Malawi.

Transcorp Power

Market Cap: ₦2.3t

Engages in the generation and sale of electric power in Nigeria and internationally.

va-Q-tec

Market Cap: €398.1m

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

Sava druzba za upravljanje in financiranje d.d

Market Cap: €111.5m

Engages in the tourism business in Slovenia.

Colorado

Market Cap: د.م1.4b

Manufactures and distributes various paints in Morocco and internationally.

First National Bank of Botswana

Market Cap: P13.9b

Provides various banking and related products and services to individuals, and large and small businesses in Botswana.

Sociedad Matriz SAAM

Market Cap: CL$1.3t

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

Zona Franca de Iquique

Market Cap: CL$233.5b

Operates premises for wholesale and retail business centers in the duty-free zones of South America.

GlaxoSmithKlineE

Market Cap: ج.م5.8b

Engages in production of pharmaceutical chemicals.

GB Holdings

Market Cap: US$54.7m

Provides rubber and chemical products in Zimbabwe.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 406.6b

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

SALUS Ljubljana d. d

Market Cap: €409.3m

Engages in the distribution, promotion, sales services, and value-added services for medicinal products or medical devices in Slovenia and internationally.

Capricorn Group

Market Cap: R11.7b

An investment holding company, engages in the banking, microlending, and related businesses in Namibia, Botswana, and Zambia.

Procimmo Group

Market Cap: CHF 369.4m

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

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 76.4b

Processes heavy bitumen crude in Africa.

Chilanga Cement

Market Cap: K9.0b

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

Telekom Networks Malawi

Market Cap: MK 365.4b

Provides telecommunication services to enterprises and individual customers in Malawi.

Jadranski naftovod d.d

Market Cap: €806.1m

Engages in the transport and storage of oil and oil products in the Republic of Croatia and internationally.

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

Market Cap: ج.م25.4b

Engages in the establishment and management of technological zones, scientific incubators, and training centers for the preparation of researchers and the transfer of technology, and the provision of related services.

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

Market Cap: ج.م22.7b

Provides various banking products and services in Egypt.

Namibia Breweries

Market Cap: R6.0b

Engages in brewing and distribution of alcoholic beverages, and manufacture of soft drinks in Namibia and South Africa.

Gulf Insurance Group - Jordan

Market Cap: د.أ83.2m

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

TPP-Bobov Dol AD

Market Cap: лв240.3m

Engages in the generation and sale of electricity in Bulgaria.

Bank of Africa Mali

Market Cap: XOF 104.6b

Provides various banking products and services to individuals, business customers, and SMEs in Mali.

Senstar Technologies

Market Cap: US$110.1m

Provides physical, video, and access control security products and solutions worldwide.

FRMO

Market Cap: US$364.5m

Through Horizon Kinetics, LLC, operates as an investment advisory and independent research company in the United States.

FineMark Holdings

Market Cap: US$456.9m

Operates as the bank holding company for FineMark National Bank & Trust that provides various banking and financial services to individual and corporate clients.

Metalpha Technology Holding

Market Cap: US$105.5m

Provides wealth management services in Hong Kong.