Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Capricorn Group

Market Cap: R11.7b

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

Jordanian Duty Free Shops

Market Cap: د.أ145.1m

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

Billion Industrial Holdings

Market Cap: HK$10.5b

Engages in manufacturing and sales of polyester filament yarns, polyester, polyester industrial yarns, and ES fiber products in the People’s Republic of China and internationally.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.4b

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

Najran Cement

Market Cap: ر.س1.1b

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

MOBI Industry

Market Cap: ر.س540.5m

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

Nestlé Pakistan

Market Cap: PK₨363.1b

Manufactures, processes, and sells dairy, nutrition, beverages, and food products in Pakistan, Afghanistan, the United States, and internationally.

Nofoth Food Products

Market Cap: ر.س1.1b

Produces and sells bakery products in Saudi Arabia.

Qassim Cement

Market Cap: ر.س4.6b

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

Baazeem Trading

Market Cap: ر.س610.5m

Operates as a FMCG distribution company.

Sun

Market Cap: MU₨7.4b

Operates in the tourism sector.

Ibrahim Fibres

Market Cap: PK₨88.6b

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

Standard Chartered Bank Kenya

Market Cap: KSh108.8b

Provides various banking products and services for individuals and businesses.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Palasino Holdings

Market Cap: HK$1.9b

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

JB Foods

Market Cap: S$218.3m

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.

Sing Investments & Finance

Market Cap: S$373.6m

Provides f financial products and services to individuals and corporations in Singapore.

Freetrailer Group

Market Cap: €701.5m

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

Li Ming Development Construction

Market Cap: NT$4.1b

Li Ming Development Construction Co., Ltd.

Kuwait Insurance CompanyK.P

Market Cap: د.ك103.5m

Provides various insurance products and services in Kuwait.

Jamuna Bank

Market Cap: ৳19.6b

Provides various banking products and services in Bangladesh.

Mulpha International Bhd

Market Cap: RM 894.0m

An investment holding company, invests in the real estate and hospitality sectors in Malaysia, Australia, and New Zealand.

Sure Global Tech

Market Cap: ر.س446.8m

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

Padma Oil

Market Cap: ৳17.5b

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

Cairo Amman Bank

Market Cap: د.أ302.0m

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

Pabrik Kertas Tjiwi Kimia

Market Cap: Rp23.3t

Manufactures and sells writing and printing paper products in Asia, Africa, Europe, the Middle East, the United States, and internationally.

Hospital Corporation of China

Market Cap: HK$819.0m

An investment holding company, owns, operates, and manages hospitals in the People’s Republic of China.

Ruentex Interior Design

Market Cap: NT$3.4b

Engages in the interior design and decoration, landscape design engineering, and construction businesses in Taiwan.

Transnational Corporation of Nigeria

Market Cap: ₦426.8b

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

Taiyo KagakuLtd

Market Cap: JP¥39.1b

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

RÁBA Jármuipari Holding Nyrt

Market Cap: Ft49.7b

Manufactures and sells vehicle components in Hungary, Germany, rest of Europe, the United States, Asia, and Australia.

Bank of Africa Mali

Market Cap: XOF 109.8b

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

Colorado

Market Cap: د.م1.3b

Manufactures and distributes various paints in Morocco and internationally.

Inversiones Doalca SOCIMI

Market Cap: €155.4m

Inversiones Doalca Socimi, S.A., a real estate investment company, leases and rents real estate properties in Spain.

ANSA Merchant Bank

Market Cap: TT$2.6b

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