Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Gulf Insurance Group - Jordan

Market Cap: د.أ80.6m

Engages in the insurance business in Jordan, the Middle East, North Africa, Europe, Asia, America, and the Near East.

Kuwait Insurance CompanyK.P

Market Cap: د.ك112.7m

Provides various insurance products and services in Kuwait.

Lippo Cikarang

Market Cap: Rp4.3t

Develops real estate and industrial estate projects in Indonesia.

Nigerian Aviation Handling

Market Cap: ₦321.4b

Provides aircraft and cargo handling, passenger handling, passenger profiling, and crew transportation services in Nigeria.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.3b

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

Digital Mediatama Maxima

Market Cap: Rp2.2t

Operates an integrated marketing platform in Indonesia.

First Investment Company K.S.C.P

Market Cap: د.ك54.4m

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

Etihad GO Telecom

Market Cap: ر.س3.2b

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

Taiyo KagakuLtd

Market Cap: JP¥47.6b

Manufactures and sells functional food ingredients for food, beverage, supplement, and cosmetic applications in Japan and internationally.

Sure Global Tech

Market Cap: ر.س438.1m

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

Transnational Corporation of Nigeria

Market Cap: ₦515.2b

Together with the subsidiaries, engages in the power, oil and gas, and hospitality businesses in Nigeria.

Sokouk Holding Company K.S.C.P

Market Cap: د.ك41.2m

Engages in managing real estate projects in Kuwait.

Najran Cement

Market Cap: ر.س1.1b

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

Nofoth Food Products

Market Cap: ر.س866.9m

Produces and sells bakery products in Saudi Arabia.

Cairo Amman Bank

Market Cap: د.أ276.0m

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

Changjiu Holdings

Market Cap: HK$1.2b

An investment holding company, provides pledged vehicle monitoring and automobile dealership operation management services in China.

Kuwait Projects Company Holding K.S.C.P

Market Cap: د.ك377.0m

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.

Yibin City Commercial Bank

Market Cap: HK$12.1b

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

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

Market Cap: د.ك48.4m

A private equity firm specializing in direct and fund investments.

Kuwait Company for Process Plant Construction and Contracting K.S.C.P

Market Cap: د.ك46.4m

The Kuwait Company for Process Plant Construction and Contracting K.S.C.P.

AIICO Insurance

Market Cap: ₦151.2b

Provides risk underwriting and related financial services in Nigeria.

Wema Bank

Market Cap: ₦1.0t

Provides banking and other financial services to corporate and individual customers in Nigeria.

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك165.6m

Engages in insurance and reinsurance operations in Kuwait.

JB Foods

Market Cap: S$223.5m

An investment holding company, engages in the production and sale of cocoa ingredient products primarily in Singapore, Malaysia, Indonesia, the People’s Republic of China, and the United States.

MOBI Industry

Market Cap: ر.س565.0m

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

Dwi Guna Laksana

Market Cap: Rp2.5t

Engages in the coal mining and trading activities in Indonesia.

Bijou Brigitte modische Accessoires

Market Cap: €331.9m

Manufactures, imports, and sells fashion jewelry, gold and silver jewelry, fashion accessories, and complementary articles.

SALUS Ljubljana d. d

Market Cap: €439.7m

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

AB Akola Group

Market Cap: €307.3m

Through its subsidiaries, engages in the production, preparation, and sale of agricultural and food products in Lithuania, Scandinavian, rest of Europe, Africa, Asia, and CIS countries.

Mobile Telecommunications

Market Cap: R6.9b

Operates as a mobile telecommunications company in Namibia.

Sönmez Filament Sentetik Iplik ve Elyaf Sanayi

Market Cap: ₺12.0b

Sönmez Filament Sentetik Iplik ve Elyaf Sanayi A.S.

Famous Brands

Market Cap: R5.7b

Through its subsidiaries, operates as a quick service and casual dining restaurant franchisor in the United Kingdom, South Africa, South African Development Community, the Middle East, and Rest of Africa.

Y.D. More Investments

Market Cap: ₪3.3b

A privately owned Investment Manager.

Evergent Investments

Market Cap: RON 2.6b

A publicly owned investment manager.

Arendals Fossekompani

Market Cap: NOK 8.8b

An industrial investment company, provides cyber secure satellite and mobile communications in Norway, Europe, Asia, and North America.