Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Cigniti Technologies

Market Cap: ₹32.5b

Provides digital assurance and software testing services in India, the United States of America, and internationally.

Cairo Poultry CompanyE

Market Cap: ج.م18.2b

Operates as an integrated poultry company in Egypt.

Transnational

Market Cap: ₦485.2b

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

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.

MAPFRE Middlesea

Market Cap: €125.1m

Provides non-life and life insurance products and services to individuals, small and medium enterprises, professionals, and businesses in Malta.

Tethys Petroleum

Market Cap: CA$156.2m

Engages in the acquisition, exploration, and development of crude oil and natural gas fields in Kazakhstan.

First National Bank of Botswana

Market Cap: P14.5b

Provides various banking and related products and services to individuals, and large and small businesses in Botswana.

New Mauritius Hotels

Market Cap: MU₨7.7b

Operates hotels in Mauritius, Europe, Morocco, and internationally.

Sun

Market Cap: MU₨7.5b

Operates in the tourism sector.

Shahjalal Islami Bank

Market Cap: ৳17.8b

Provides commercial banking products and services in Bangladesh.

National Credit and Commerce Bank

Market Cap: ৳16.9b

Provides various commercial banking products and services in Bangladesh.

Lion Capital

Market Cap: RON 2.3b

SIF Banat-Crisana is a self-managed closed-end investment company and since March 2018, it is authorized by ASF as alternative investment fund manager.

Dutch-Bangla Bank

Market Cap: ৳39.6b

Provides various commercial banking products and services to corporate, retail, and institutional customers in Bangladesh.

Padma Oil

Market Cap: ৳17.4b

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

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

Market Cap: Mex$32.1b

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

Ouro Fino Saúde Animal Participações

Market Cap: R$1.8b

Engages in the development, production, and sale of veterinary drugs, vaccines, and other products for production and companion animals primarily in Brazil.

La Positiva Seguros y Reaseguros

Market Cap: S/604.5m

Provides insurance and reinsurance products and services to individuals and business customers in Peru.

Quemchi

Market Cap: CL$95.2b

Quemchi, S.A. engages in maritime transport, cargo and shipping services, and investments businesses.

Procimmo Group

Market Cap: CHF 436.9m

A holding company, engages in the investment, management, and sale of real estate properties in Switzerland.

Bank of Africa Mali

Market Cap: XOF 137.0b

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

Nexa Resources AtacochaA

Market Cap: S/1.3b

Operates as a mining company worldwide.

Hermes Transportes Blindados

Market Cap: S/754.7m

Provides money and securities transfer, custody and processing, and document transfer services in Peru.

Compañía Electro Metalúrgica

Market Cap: CL$700.8b

Provides solutions for the mining industry in Chile, Argentina, China, the United States, Peru, and South Africa.

Marítima de Inversiones

Market Cap: CL$277.9b

Maritima de Inversiones SA is a publicly owned investment manager.

Alfin Banco

Market Cap: S/433.7m

Provides various banking and financial products and services.

Industrias del Cobre Sociedad Anónima

Market Cap: S/952.8m

Engages in the manufacture and sale of wires, and electrical and telecommunication cables and conductors in Peru and internationally.

Chobe Holdings

Market Cap: P1.7b

Through its subsidiaries, engages in owning and operating ecotourism lodges and camps on leased lands in northern Botswana and the Caprivi Strip in Namibia.

Export Development Bank of Egypt (S.A.E.)

Market Cap: ج.م25.6b

Provides various banking products and services in Egypt.

Jamuna Bank

Market Cap: ৳24.0b

Provides various banking products and services in Bangladesh.

Sociedad Matriz SAAM

Market Cap: CL$1.5t

Through its subsidiaries, provides tugboat services, air cargo logistics, and real estate rentals services in South America, Central America, and North America.

Marvipol Development

Market Cap: zł379.0m

Develops residential projects in Poland.

Suez Canal Company for Technology Settling (S.A.E)

Market Cap: ج.م57.6b

Engages in the establishment and management of technology zones, scientific incubators, and training centers for the preparation of researchers, transfer technology, and related services in Egypt.

Amicorp FS (UK)

Market Cap: US$123.7m

Provides fund administration, business process outsourcing, and governance and compliance services for investment funds, asset managers, and family offices in the United Kingdom.

Baazeem Trading

Market Cap: ر.س581.2m

Operates as a fast-moving consumer goods distribution company.

Nofoth Food Products

Market Cap: ر.س705.4m

Produces and sells bakery products in Saudi Arabia.