Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Era Media Sejahtera

Market Cap: Rp2.8t

Operates as an advertising media company in Indonesia.

Baazeem Trading

Market Cap: ر.س628.8m

Operates as a FMCG distribution company.

Najran Cement

Market Cap: ر.س1.1b

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

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.5b

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

Standard Chartered Bank Kenya

Market Cap: KSh108.4b

Provides various banking products and services for individuals and businesses.

National Investments Company K.S.C.P

Market Cap: د.ك247.1m

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

GB Holdings

Market Cap: US$55.0m

Produces rubber and chemical products in Zimbabwe.

GTS Internasional

Market Cap: Rp4.6t

PT GTS Internasional Tbk, together with its subsidiaries, transports liquefied natural gas worldwide.

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م32.8b

Produces and sells fertilizers.

Standard Bank

Market Cap: MK 998.5b

Provides banking and other related services in Malawi.

Jordanian Duty Free Shops

Market Cap: د.أ144.0m

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

Jamuna Bank

Market Cap: ৳19.6b

Provides various banking products and services in Bangladesh.

Empresas Lipigas

Market Cap: CL$893.8b

Engages in the distribution and sale of liquefied petroleum gas (LPG), natural gas (NG), and liquefied natural gas (LNG) in Chile, Peru, and Colombia.

Sokouk Holding Company K.S.C.P

Market Cap: د.ك48.5m

Engages in managing real estate projects in Kuwait.

Cairo Amman Bank

Market Cap: د.أ294.0m

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

First Investment Company K.S.C.P

Market Cap: د.ك61.5m

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

Canal Shipping Agencies

Market Cap: ج.م10.4b

Provides various shipping services to the international commercial fleet in Egypt.

Sparta

Market Cap: €125.6m

A publicly owned investment manager.

Zambia Sugar

Market Cap: K21.0b

Engages in growing of sugar cane in Zambia, the Democratic Republic of Congo, Kenya, and South Africa.

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

Market Cap: ج.م27.6b

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.

Chilanga Cement

Market Cap: K12.8b

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

Sociedad Matriz SAAM

Market Cap: CL$1.4t

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

Payton Industries

Market Cap: ₪478.2m

Develops, produces, trades, markets, and sells various types of transformers for communications, electronics, automotive, and industrial equipment industries in Israel, Europe, the United States, and Asia.

Sopharma AD

Market Cap: лв1.5b

Produces, distributes, and exports pharmaceutical products in Europe, Bulgaria, and internationally.

Analyst I.M.S. Investment Management Services

Market Cap: ₪2.0b

A publicly owned investment manager.

Telekom Networks Malawi

Market Cap: MK 363.2b

Provides telecommunication services to enterprises and individual customers in Malawi.

Envirotainer

Market Cap: €398.1m

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

Oakworth Capital

Market Cap: US$180.0m

Operates as a bank holding company for Oakworth Capital Bank that provides range of banking services in the United States.

Pure Cycle

Market Cap: US$286.7m

Provides water and wastewater services in the United States.

FRMO

Market Cap: US$332.8m

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

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.

ANSA Merchant Bank

Market Cap: TT$2.6b

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

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 75.6b

Processes heavy bitumen crude in Africa.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 461.0b

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

Y.D. More Investments

Market Cap: ₪3.9b

A privately owned Investment Manager.