Global Undiscovered Gems With Strong Fundamentals

Wilson Bank Holding

Market Cap: US$486.6m

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to individuals, professionals, and small businesses in Tennessee.

Liburnia Riviera Hoteli d.d

Market Cap: €96.8m

Provides accommodation and hospitality services in Croatia, Germany, Austria, Italy, Hungary, Slovenia, Ukraine, Czech, other European countries, and internationally.

Bakrie & Brothers

Market Cap: Rp5.5t

Through its subsidiaries, engages in the trading, construction, agribusiness, coal mining, oil and gas, and telecommunication business in Indonesia and internationally.

Cita Mineral Investindo

Market Cap: Rp11.9t

Engages in bauxite mining activities in Indonesia.

MAPFRE Middlesea

Market Cap: €138.0m

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

Saudi Chemical Holding

Market Cap: ر.س7.4b

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.

Waja

Market Cap: ر.س572.6m

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

Keir International

Market Cap: ر.س540.0m

Provides a range of service solutions.

Citra Tubindo

Market Cap: Rp1.9t

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

Sugar Terminals

Market Cap: AU$381.6m

Provides storage and handling solutions for bulk sugar and other commodities in Australia.

Baazeem Trading

Market Cap: ر.س631.8m

Operates as a FMCG distribution company.

Yulie Sekuritas Indonesia

Market Cap: Rp4.3t

Operates as a securities company in Indonesia.

Berger Paints Bangladesh

Market Cap: ৳82.4b

Manufactures and markets liquid and non-liquid paints and varnishes, emulsions, and coatings in Bangladesh.

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

Market Cap: د.ك37.7m

Engages in real estate development and investment activities in Kuwait and Other GCC countries.

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

Market Cap: د.إ946.8m

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

Bank Ganesha

Market Cap: Rp1.7t

Provides various general banking products and services for individuals and businesses in Indonesia.

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

Market Cap: د.ك42.5m

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

Mandiri Herindo Adiperkasa

Market Cap: Rp2.5t

Provides mineral and coal transportation services in Indonesia.

Nofoth Food Products

Market Cap: ر.س1.1b

Produces and sells bakery products in Saudi Arabia.

Jamuna Bank

Market Cap: ৳17.0b

Provides various banking products and services in Bangladesh.

Morris State Bancshares

Market Cap: US$232.7m

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

First IC

Market Cap: US$113.3m

Operates as the bank holding company for First IC Bank that provides retail and commercial banking products and services in the United States.

Boursa Kuwait Securities Company K.P.S.C

Market Cap: د.ك516.0m

Operates the stock market of Kuwait.

Cardig Aero Services

Market Cap: Rp3.9t

Provides ground and cargo handling, aircraft release and maintenance, catering, facility management, and aviation training services in Indonesia.

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

Market Cap: د.ك41.8m

A private equity firm specializing in direct and fund investments.

National Investments Company K.S.C.P

Market Cap: د.ك199.3m

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

Al-Enma'a Real Estate Company K.S.C.P

Market Cap: د.ك37.7m

Engages in the contracting, management, and maintenance of real estate in Kuwait and the Gulf Countries.

Invest Bank

Market Cap: د.أ190.0m

Provides various banking and related financial services in Jordan.

Dwi Guna Laksana

Market Cap: Rp1.9t

Engages in the coal mining and trading activities in Indonesia.

Prima Andalan Mandiri

Market Cap: Rp18.0t

Through its subsidiaries, operates as a coal mining company in Indonesia.

Li Ming Development Construction

Market Cap: NT$5.9b

Li Ming Development Construction Co., Ltd.

National Industries Group Holding - KPSC

Market Cap: د.ك607.1m

Through its subsidiaries, engages in the building materials, petrochemicals, oil and gas services, mechanical industries, utilities, real estate, infrastructure, and financial services in Kuwait and internationally.

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك180.9m

Engages in insurance and reinsurance operations in Kuwait.

Padma Oil

Market Cap: ৳17.8b

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

Bhakti Multi Artha

Market Cap: Rp2.5t

Through its subsidiaries, provides management consulting services in Indonesia.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.7b

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