Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

La Positiva Seguros y Reaseguros

Market Cap: S/417.4m

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

Hermes Transportes Blindados

Market Cap: S/750.4m

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

Inversiones Siemel

Market Cap: CL$104.1b

Operates in the agribusiness and agriculture, real estate, finance, and information technology sectors in Chile.

Freetrailer Group

Market Cap: €695.9m

Operates as a trailer rental company in Denmark, Sweden, Germany, and Norway.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Compañía Electro Metalúrgica

Market Cap: CL$350.4b

Operates as producers and vendors of integrated solutions for the mining market in Chile and internationally.

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Gulf Insurance Group - Jordan

Market Cap: د.أ85.8m

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

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.

Zona Franca de Iquique

Market Cap: CL$232.0b

Operates premises for wholesale and retail business centers in the duty-free zones of South America.

Mobiltel Iletisim Hizmetleri Sanayi ve Ticaret

Market Cap: ₺7.2b

Mobiltel Iletisim Hizmetleri Sanayi ve Ticaret A.S.

Baazeem Trading

Market Cap: ر.س556.9m

Operates as a FMCG distribution company.

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.

Jordanian Duty Free Shops

Market Cap: د.أ147.6m

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

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

Market Cap: د.ك44.1m

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

National Investments Company K.S.C.P

Market Cap: د.ك204.8m

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

Sure Global Tech

Market Cap: ر.س499.4m

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

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

Market Cap: د.ك45.3m

A private equity firm specializing in direct and fund investments.

Kuwait Projects Company Holding K.S.C.P

Market Cap: د.ك391.1m

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.

Kuwait Insurance CompanyK.P

Market Cap: د.ك96.3m

Provides various insurance products and services in Kuwait.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.5b

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

Ohashi Technica

Market Cap: JP¥28.5b

Develops, manufactures, and sells automotive parts and other components in Japan, the United States, Mexico, Thailand, Taiwan, China, and Europe.

Timex Group India

Market Cap: ₹32.4b

Engages in designing, manufacturing, and trading of watches in India and internationally.

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.

MOBI Industry

Market Cap: ر.س575.0m

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

Najran Cement

Market Cap: ر.س1.3b

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

GDEP ADVANCEInc

Market Cap: JP¥16.9b

Engages in the system incubation business in Japan.

TCPL Packaging

Market Cap: ₹31.0b

Manufactures and sells paperboard-based packaging materials and flexible packaging products in India.

GakkyushaLtd

Market Cap: JP¥25.2b

Manages cram schools that offers entrance exams guidance to junior high schools, high schools, and universities in Japan and internationally.

Alembic

Market Cap: ₹26.5b

Engages in real estate business in India and internationally.

Jagsonpal Pharmaceuticals

Market Cap: ₹16.0b

Engages in the manufacturing, selling, and trading of pharmaceutical products and active pharmaceutical ingredients in India and internationally.

CHANGE HoldingsInc

Market Cap: JP¥78.3b

Provides IT human resources development training services in Japan.

FCE

Market Cap: JP¥16.9b

Through its subsidiaries, engages in the DX promotion, education and training, and publishing businesses in Japan.

Cisadane Sawit Raya

Market Cap: Rp1.7t

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