Global Undiscovered Gems With Strong Fundamentals

Viohalco

Market Cap: €1.7b

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

Baazeem Trading

Market Cap: ر.س558.9m

Operates as a FMCG distribution company.

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك191.3m

Engages in insurance and reinsurance operations in Kuwait.

Qassim Cement

Market Cap: ر.س4.7b

Engages in the manufacture and selling of cement in the Kingdom of Saudi Arabia.

Jordanian Duty Free Shops

Market Cap: د.أ146.5m

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

Padma Oil

Market Cap: ৳19.7b

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

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.

National Investments Company K.S.C.P

Market Cap: د.ك196.1m

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

Palasino Holdings

Market Cap: HK$1.9b

Through its subsidiaries, engages in the gaming and hotel businesses in the Czech Republic, Germany, and Austria.

Dekpol

Market Cap: zł618.8m

Dekpol S.A. primary engages in the general contracting and property development businesses in Poland.

Voltamp Energy SAOG

Market Cap: ر.ع78.5m

Manufactures, distributes, and sells transformers, medium and low voltage switchgears, and panels in the Sultanate of Oman.

Linde Bangladesh

Market Cap: ৳14.8b

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

MOBI Industry

Market Cap: ر.س587.5m

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

Practic

Market Cap: RON 736.5m

Engages in the lease and sublease of real estate properties in Romania.

Najran Cement

Market Cap: ر.س1.4b

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

National Environmental Recycling

Market Cap: ر.س852.4m

National Environmental Recycling Company recycles electronic and electrical equipment in Asia, Middle East, Japan, and Europe.

Kuwait Insurance CompanyK.P

Market Cap: د.ك99.2m

Provides various insurance products and services in Kuwait.

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

Market Cap: د.ك44.3m

A private equity firm specializing in direct and fund investments.

Soma Gold

Market Cap: CA$167.7m

A natural resource company, engages in the acquisition, exploration, and development of mineral properties in Columbia.

Sound Financial Bancorp

Market Cap: US$120.6m

Operates as the bank holding company for Sound Community Bank that provides banking and other financial services for consumers and businesses.

National Credit and Commerce Bank

Market Cap: ৳13.4b

Provides various commercial banking products and services in Bangladesh.

Sure Global Tech

Market Cap: ر.س525.9m

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

Yibin City Commercial Bank

Market Cap: HK$12.0b

Provides banking and financial products and services to small and micro enterprises in the People’s Republic of China.

va-Q-tec

Market Cap: €401.0m

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

Kuwait Projects Company Holding K.S.C.P

Market Cap: د.ك395.7m

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.

Nofoth Food Products

Market Cap: ر.س1.1b

Produces and sells bakery products in Saudi Arabia.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.6b

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

Etihad Atheeb Telecommunication

Market Cap: ر.س3.6b

Provides telecommunication products and services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Deutsche Balaton

Market Cap: €219.3m

A private equity focusing on private equity investments in listed and unlisted companies, real estate investments and investments in other assets.

Greenfire Resources

Market Cap: US$358.3m

Engages in the exploration, development, and operation of oil and gas properties in the Athabasca oil sands region of Alberta, Canada.

First Northern Community Bancorp

Market Cap: US$190.8m

Operates as the bank holding company for First Northern Bank of Dixon that provides commercial banking products and services to individuals, and small and medium sized businesses.

Longduoduo

Market Cap: US$149.8m

Together its subsidiaries, provides preventive healthcare solutions in the People’s Republic of China.

Bamburi Cement

Market Cap: KSh20.5b

Manufactures and sells cement and related products in Kenya and Uganda.

Freetrailer Group

Market Cap: DKK 778.8m

Operates as a trailer rental company in Denmark, Sweden, Germany, and Norway.

Elad Software Systems

Market Cap: ₪566.7m

Provides information technology solutions and services in Israel.

Castro Model

Market Cap: ₪1.4b

Engages in the retail sale of fashion products, home fashion, fashion accessories and cosmetics and care products in Israel.