Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Top Union Electronics

Market Cap: NT$4.5b

Engages in design, manufacture, and technical support of electronic products and communication equipment in Taiwan, the United States, and China.

Najran Cement

Market Cap: ر.س1.2b

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

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.4b

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

National General Insurance (P.J.S.C.)

Market Cap: د.إ976.5m

Engages in underwriting various classes of life and general insurance, and reinsurance businesses in the United Arab Emirates.

Nestlé Pakistan

Market Cap: PK₨363.0b

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

MOBI Industry

Market Cap: ر.س606.0m

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

Taiyo KagakuLtd

Market Cap: JP¥37.5b

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

PINAGO UTAMA

Market Cap: Rp2.4t

Engages in the oil palm and rubber plantation business in Indonesia.

Gulf Insurance Group - Jordan

Market Cap: د.أ85.0m

Engages in the insurance business in Jordan, Middle East, and North Africa region.

Li Ming Development Construction

Market Cap: NT$4.1b

Li Ming Development Construction Co., Ltd.

Citra Tubindo

Market Cap: Rp4.2t

Provides pipes and accessories, and related services to the oil and gas industries in Indonesia.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Thai Steel Cable

Market Cap: ฿3.6b

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

Jamuna Bank

Market Cap: ৳19.6b

Provides various banking products and services in Bangladesh.

Palasino Holdings

Market Cap: HK$2.2b

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

Hospital Corporation of China

Market Cap: HK$817.6m

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

TSTE

Market Cap: ฿4.0b

Primarily engages in the production and distribution of wheat flour in Thailand.

Al Wathba National Insurance Company PJSC

Market Cap: د.إ703.8m

Engages in general insurance and reinsurance business in the United Arab Emirates and internationally.

Nofoth Food Products

Market Cap: ر.س1.1b

Produces and sells bakery products in Saudi Arabia.

Kuwait Insurance CompanyK.P

Market Cap: د.ك105.9m

Provides various insurance products and services in Kuwait.

Practic

Market Cap: RON 712.8m

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

Morris State Bancshares

Market Cap: US$250.3m

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

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.7b

Develops, manufactures, and sells medicines in Bulgaria.

Grupo Gigante S. A. B. de C. V

Market Cap: Mex$30.3b

Operates convenience stores and restaurants in Mexico, Central America, and Chile.

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.

Cairo Amman Bank

Market Cap: د.أ288.0m

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

Baazeem Trading

Market Cap: ر.س674.3m

Operates as a FMCG distribution company.

Ibrahim Fibres

Market Cap: PK₨82.4b

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

National Investments Company K.S.C.P

Market Cap: د.ك253.5m

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

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

Market Cap: د.ك81.1m

A private equity firm specializing in direct and fund investments.

Kuwait Projects Company Holding K.S.C.P

Market Cap: د.ك389.3m

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.

Padma Oil

Market Cap: ৳19.2b

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

Sure Global Tech

Market Cap: ر.س458.8m

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

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك187.9m

Engages in insurance and reinsurance operations in Kuwait.

Standard Chartered Bank Kenya

Market Cap: KSh117.5b

Provides various banking products and services for individuals and businesses.