Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Security Federal

Market Cap: US$106.0m

Operates as the bank holding company for Security Federal Bank that provides various banking products and services.

Morris State Bancshares

Market Cap: US$268.1m

Operates as the bank holding company for Morris Bank that provides various financial services to individuals and small businesses in Georgia.

Tri-County Financial Group

Market Cap: US$119.0m

Operates as a bank holding company for First State Bank, providing various banking and mortgage banking services and insurance services to individuals and businesses in the United States.

Najran Cement

Market Cap: ر.س1.1b

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

Nofoth Food Products

Market Cap: ر.س852.6m

Produces and sells bakery products in Saudi Arabia.

Ibrahim Fibres

Market Cap: PK₨80.9b

Manufactures and sells polyester staple fiber (PSF) and yarn products in Pakistan, Singapore, and Switzerland.

JB Foods

Market Cap: S$232.2m

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.

Southern Michigan Bancorp

Market Cap: US$115.1m

Operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest and south-central Michigan communities.

Jamuna Bank

Market Cap: ৳21.4b

Provides various banking products and services in Bangladesh.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.4b

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

Taiyo KagakuLtd

Market Cap: JP¥44.5b

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

Sambhv Steel Tubes

Market Cap: ₹24.3b

Manufactures and sells electric resistance welded steel pipes, structural tubes, and stainless-steel coils in India.

Onix Solar Energy

Market Cap: ₹14.5b

Engages in the trading of non-ferrous metals in India.

Digital Mediatama Maxima

Market Cap: Rp2.4t

Operates an integrated marketing platform in Indonesia.

GOCL

Market Cap: ₹12.4b

Engages in the electronics manufacturing services and the realty businesses in India and internationally.

National Investments Company K.S.C.P

Market Cap: د.ك221.4m

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

AIICO Insurance

Market Cap: ₦147.2b

Provides risk underwriting and related financial services in Nigeria.

Wema Bank

Market Cap: ₦906.7b

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

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

Market Cap: د.ك46.3m

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

Kuwait Projects Company Holding K.S.C.P

Market Cap: د.ك357.4m

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.

AblePrint Technology

Market Cap: NT$29.0b

Operates as a process solution provider for reducing process issues for various industries in Taiwan and internationally.

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك190.2m

Engages in insurance and reinsurance operations in Kuwait.

Grade Upon Technology

Market Cap: NT$17.6b

Provides customized integrated solutions, IoT sensors, AI-powered machine vision, machine hearing, and machine olfaction to enable equipment networking, data acquisition, and AI-based anomaly detection systems.

Sure Global Tech

Market Cap: ر.س432.5m

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

Transnational Corporation of Nigeria

Market Cap: ₦457.8b

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

Nigerian Aviation Handling

Market Cap: ₦220.2b

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

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

Market Cap: د.ك55.3m

A private equity firm specializing in direct and fund investments.

Space42

Market Cap: د.إ7.2b

Operates as an artificial intelligence (AI) powered SpaceTech company.

Niching Industrial

Market Cap: NT$3.1b

Manufactures, markets and sells semiconductor, flat panel display, LED, green energy, and nanotechnology products.

Ajman Bank PJSC

Market Cap: د.إ3.9b

Provides various banking products and services for individuals, businesses, and government institutions in the United Arab Emirates.

Mamata Machinery

Market Cap: ₹9.4b

Mamata Machinery Limited manufacture and sells plastic bag and pouch making systems in India and internationally.

Thai Steel Cable

Market Cap: ฿4.1b

Manufactures and distributes automobile and motorcycle control cables, and automobile window regulators in Thailand.

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.

Bahrain National Holding Company B.S.C

Market Cap: ب.د62.3m

Provides insurance and investment products in the Kingdom of Bahrain, other GCC countries, and internationally.

Sokouk Holding Company K.S.C.P

Market Cap: د.ك41.1m

Engages in managing real estate projects in Kuwait.