Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Cyprus Cement

Market Cap: €171.5m

Engages in the manufacturing and sale of cement and related business in Cyprus.

SALUS Ljubljana d. d

Market Cap: €397.8m

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

Payton Industries

Market Cap: ₪521.5m

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.

Capricorn Group

Market Cap: R13.2b

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

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 474.9b

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

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 73.7b

Processes heavy bitumen crude in Africa.

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

Market Cap: ج.م21.6b

Provides various banking products and services in Egypt.

Chilanga Cement

Market Cap: K14.0b

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

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

Market Cap: ج.م26.5b

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.

Gulf Insurance Group - Jordan

Market Cap: د.أ79.3m

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

Procimmo Group

Market Cap: CHF 364.9m

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

Y.D. More Investments

Market Cap: ₪4.1b

A privately owned Investment Manager.

Telekom Networks Malawi

Market Cap: MK 363.2b

Provides telecommunication services to enterprises and individual customers in Malawi.

Standard Bank

Market Cap: MK 998.5b

Provides banking and other related services in Malawi.

Canal Shipping Agencies

Market Cap: ج.م10.6b

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

Lampsa Hellenic Hotels

Market Cap: €999.8m

Operates and manages hotels in Greece, Cyprus, and Serbia.

Mendelson Infrastructures & Industries

Market Cap: ₪591.5m

Engages in the supply of conduction and flow products in Israel.

Freetrailer Group

Market Cap: €753.0m

A technology company, operates a sharing-economy platform for the free rental of trailers and cargo bikes in Denmark, Sweden, Germany, and the Netherlands.

Amir Marketing and Investments in Agriculture

Market Cap: ₪422.3m

Supplies and markets agricultural inputs in Israel.

Terminal X Online

Market Cap: ₪791.8m

Offers clothing, footwear, fashion accessories, cosmetics, and beauty products for men, women, and teenager under various brands through online.

C. Mer Industries

Market Cap: ₪404.8m

Provides solutions in the areas of homeland security (HLS), communication infrastructure, and defense technologies.

FRoSTA

Market Cap: €626.8m

Develops, produces, and markets frozen food products in Germany, Poland, Austria, Italy, and Eastern Europe.

ANSA Merchant Bank

Market Cap: TT$2.4b

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

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.

Liburnia Riviera Hoteli d.d

Market Cap: €154.3m

Provides accommodation and hospitality services in Croatia, Germany, Austria, Italy, Hungary, Slovenia, Ukraine, Czech, other European countries, and internationally.

Smart Organic AD

Market Cap: лв372.0m

Produces and distributes organic food products in Bulgaria, the European Union, Asia, and the Americas.

Central Forest Group

Market Cap: JP¥21.9b

Engages in the wholesale of food, alcoholic beverages, and other related consumer products in Japan.

Bank of Africa Mali

Market Cap: XOF 118.3b

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

Analyst I.M.S. Investment Management Services

Market Cap: ₪2.1b

A publicly owned investment manager.

Zambia Sugar

Market Cap: K21.1b

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

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م32.2b

Produces and sells fertilizers.

Sparta

Market Cap: €130.6m

A publicly owned investment manager.

Union Bankshares

Market Cap: US$108.0m

Operates as the bank holding company for Union Bank that provides retail, commercial, and municipal banking products and services in the United States.

FineMark Holdings

Market Cap: US$467.3m

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

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.0b

Provides wholesale banking services worldwide.