Global Undiscovered Gems With Strong Fundamentals

Canadian General Medical Center Complex

Market Cap: ر.س507.4m

Manages hospitals and health centers in the Kingdom of Saudi Arabia.

Dubai National Insurance & Reinsurance (P.S.C.)

Market Cap: د.إ369.6m

Dubai National Insurance & Reinsurance Co.

Aljazira Takaful Taawuni

Market Cap: ر.س749.1m

Provides various insurance products and services in the Kingdom of Saudi Arabia.

Yagami

Market Cap: JP¥24.0b

Operates as a specialized trading company in the educational market Japan.

Spheria Emerging Companies

Market Cap: AU$164.6m

Operates as an investment company in Australia.

MNC Digital Entertainment

Market Cap: Rp25.5t

Engages in the content, digital, talent management, and other businesses in Indonesia.

Hokuyaku Takeyama HoldingsInc

Market Cap: JP¥18.9b

Engages in the wholesale of pharmaceutical products and medical devices in Japan.

Etoiles Capital Group

Market Cap: US$302.1m

Through its subsidiaries, provides integrated investor relations services in Hong Kong, China, and the United States.

Citizens Bancorp Investment

Market Cap: US$178.6m

Provides various banking products and services.

Axelerated Solutions for Information and Communication Technology

Market Cap: ر.س727.4m

Provides IT solutions in the Kingdom of Saudi Arabia.

Reckitt Benckiser (Bangladesh)

Market Cap: ৳16.1b

Manufactures and markets household, toiletry, and pharmaceutical products in Bangladesh.

Flying Cement

Market Cap: PK₨36.9b

Engages in manufacturing, marketing, and sale of cement in Pakistan.

Aichi Electric

Market Cap: JP¥67.7b

Engages in the manufacture and sale of electric power products in Japan and internationally.

Capital Bank of Jordan

Market Cap: د.أ812.8m

Provides various commercial and investment banking services to individuals and corporate clients in Jordan, Iraq, rest of the Middle East, Europe, Asia, the United States, and internationally.

Meghna Petroleum

Market Cap: ৳20.5b

Engages in the procurement, storage, and marketing of petroleum products and lubricants, bitumen, liquefied petroleum gas (LPG), and battery water in Bangladesh.

Indonesia Fibreboard Industry

Market Cap: Rp2.1t

Engages in the wood processing industry in Indonesia, Japan, the Middle East, and internationally.

Abdullah Saad Mohammed Abo Moati for Bookstores

Market Cap: ر.س843.2m

Engages in the retail and wholesale trading of stationery, computers, and other accessories in the Kingdom of Saudi Arabia.

First Avenue Real Estate Development

Market Cap: ر.س1.1b

Invests in and develops of real estate properties for private sector in the Kingdom of Saudi Arabia.

Consolidated Grunenfelder Saady Holding

Market Cap: ر.س871.0m

Engages in the manufacturing of refrigeration and cold-storage solutions.

Almasar Alshamil Education Company JSC

Market Cap: ر.س2.2b

Operates as a provider of education services in Saudi Arabia and the United Arab Emirates.

Tariq Glass Industries

Market Cap: PK₨37.4b

Engages in the manufacture and sale of glass containers, opal glass, tableware, and float glass in Pakistan.

Mutual Trust Bank

Market Cap: ৳13.0b

Provides commercial banking and related services in Bangladesh.

Isewan Terminal Service

Market Cap: JP¥22.6b

Provides various logistics services in Japan and internationally.

BK Group

Market Cap: KSh37.1b

Provides retail and corporate banking, insurance, brokerage, internet, and digital services in Rwanda.

Umm Al-Qura Cement

Market Cap: ر.س695.8m

Manufactures and sells clinker and cement products in the Kingdom of Saudi Arabia.

Square Pharmaceuticals

Market Cap: ৳176.5b

Manufactures, markets, and distributes pharmaceutical products in Bangladesh and internationally.

APM Automotive Holdings Berhad

Market Cap: RM 643.2m

An investment holding company, designs, assembles, manufactures, produces, and distributes automotive and locomotive components in Malaysia, Indonesia, Vietnam, Europe, the United States, Australia, and internationally.

Hong-Wei Electrical Industry

Market Cap: NT$6.3b

Engages in the design, manufacture, sale, maintenance, and service of various elevators in Taiwan and internationally.

Searle

Market Cap: PK₨65.3b

Manufactures and sells pharmaceutical and other consumer products in Pakistan, Sri Lanka, Myanmar, Cambodia, Vietnam, Iraq, Oman, Afghanistan, Tajikistan, Laos, Kenya, and internationally.

Arif Habib

Market Cap: PK₨66.8b

Engages in the securities brokerage business in Pakistan.

Bank of Baroda (Uganda)

Market Cap: USh720.0b

Provides commercial banking services in Uganda.

Link Bilgisayar Sistemleri Yazilimi ve Donanimi Sanayi ve Ticaret

Market Cap: ₺5.1b

Link Bilgisayar Sistemleri Yazilimi ve Donanimi Sanayi ve Ticaret A.S.

United Capital

Market Cap: ₦315.9b

Provides investment banking, portfolio management, securities trading, and trusteeship services in Nigeria.

Jaiz Bank

Market Cap: ₦200.7b

Provides non-interest banking services in Nigeria.

Simonds Farsons Cisk

Market Cap: €187.2m

Engages in the brewing, production, and sale of beers and beverages in Malta.

iOCO

Market Cap: R2.5b

Provides information and communications technology services in Africa, the United Kingdom, Europe, and the Middle East.