Global Undiscovered Gems With Strong Fundamentals

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

Engages in the development and manufacture of generic and in-licensed medicines in Bulgaria.

Gulf Insurance Group - Jordan

Market Cap: د.أ80.1m

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

Baazeem Trading

Market Cap: ر.س542.7m

Operates as a FMCG distribution company.

Waja

Market Cap: ر.س496.3m

Engages in the construction, media and communication, and information technology businesses.

Saudi Chemical Holding

Market Cap: ر.س6.0b

Saudi Chemical Holding Company manufacture, wholesale, and retail trade of medicines, medical materials and syrups, pharmaceutical preparations, medical and surgical tools and equipment in the Kingdom of Saudi Arabia and internationally.

National Investments Company K.S.C.P

Market Cap: د.ك191.3m

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

A'ayan Real Estate Company K.S.C.P

Market Cap: د.ك42.8m

Engages in the real estate development and investment activities in Kuwait and rest of GCC countries.

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك179.5m

Engages in insurance and reinsurance operations in Kuwait.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.8b

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

Indofood Agri Resources

Market Cap: S$432.7m

Operates as a vertically integrated agribusiness company in Singapore, Indonesia, China, Nigeria, Timor Leste, and internationally.

Invest Bank

Market Cap: د.أ220.0m

Provides various banking and related financial services in Jordan.

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

Market Cap: د.ك37.5m

A private equity firm specializing in direct and fund investments.

Alf Meem Yaa for Medical Supplies and Equipment

Market Cap: ر.س791.0m

Engages in the wholesale and retail trade of medical supplies for the aesthetic market in the Kingdom of Saudi Arabia.

Sure Global Tech

Market Cap: ر.س609.2m

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

Nofoth Food Products

Market Cap: ر.س1.2b

Produces and sells bakery products in Saudi Arabia.

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

Market Cap: د.ك43.3m

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

Sing Investments & Finance

Market Cap: S$267.2m

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

Kuwait Projects Company Holding K.S.C.P

Market Cap: د.ك418.9m

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.

MOBI Industry

Market Cap: ر.س630.0m

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

Bank of Africa Mali

Market Cap: XOF 84.1b

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

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 279.4b

Engages in the manufacture and sale of beer, soft drinks, mineral water, alcomixes, and energy drink products.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 66.3b

Processes heavy bitumen crude in Africa.

Pure Cycle

Market Cap: US$256.4m

Provides wholesale water and wastewater services in the United States.

Cyprus Cement

Market Cap: €128.9m

Engages in the manufacturing and sale of cement and related business in Cyprus.

FRMO

Market Cap: US$368.0m

Through Horizon Kinetics, LLC, operates as an investment advisory and independent research company in the United States.

Evergent Investments

Market Cap: RON 1.3b

A publicly owned investment manager.

Linc

Market Cap: SEK 4.0b

A private equity and venture capital firm, specializing in early and mature stage investments in pharmaceutical, life-science and med-tech companies.

Caisse Regionale de Credit Agricole Mutuel Toulouse 31

Market Cap: €408.5m

Operates as a cooperative bank in France.

Jordanian Duty Free Shops

Market Cap: د.أ150.8m

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

Gür-Sel Turizm Tasimacilik ve Servis Ticaret

Market Cap: ₺24.9b

Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S.

Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative

Market Cap: €1.2b

Provides a range of banking and financial products and services to individuals, farmers, professionals, businesses, and public authorities in France.

Conoil

Market Cap: ₦167.6b

Conoil Plc markets refined petroleum products, and manufactures and markets lubricants, household, and liquefied petroleum gas (LPG) in Nigeria.

Nigerian Aviation Handling

Market Cap: ₦159.7b

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

Metalpha Technology Holding

Market Cap: US$156.0m

Provides wealth management services in Hong Kong.

Vantage

Market Cap: US$118.8m

Provides shipbroking services to the oil tanker industry in Singapore and Dubai.

NSIA Banque Société Anonyme

Market Cap: XOF 217.7b

Provides various banking products and services.