Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Yibin City Commercial Bank

Market Cap: HK$12.1b

Provides banking and financial products and services to small and micro enterprises in the People’s Republic of China.

Shangri-La Hotel

Market Cap: ฿6.3b

Operates hotels in Bangkok and Chiang Mai provinces.

Taiyo KagakuLtd

Market Cap: JP¥43.6b

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

Jamuna Bank

Market Cap: ৳21.6b

Provides various banking products and services in Bangladesh.

Ruentex Interior Design

Market Cap: NT$3.4b

Engages in interior design and decoration, landscape design engineering, and construction businesses in Taiwan.

Vivo Energy Mauritius

Market Cap: MU₨13.0b

Vivo Energy Mauritius Limited markets, supplies, and distributes fuels and lubricants to retail and commercial customers in Mauritius.

Liburnia Riviera Hoteli d.d

Market Cap: €151.3m

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

Ajman Bank PJSC

Market Cap: د.إ4.0b

Provides various banking products and services for individuals, businesses, and government institutions in the United Arab Emirates.

Qassim Cement

Market Cap: ر.س4.7b

Engages in the manufacture and selling of cement in the Kingdom of Saudi Arabia.

MOBI Industry

Market Cap: ر.س574.0m

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

Palasino Holdings

Market Cap: HK$1.8b

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

Etihad GO Telecom

Market Cap: ر.س3.2b

Provides telecommunication products and services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Baazeem Trading

Market Cap: ر.س634.8m

Operates as a FMCG distribution company.

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

Market Cap: د.ك44.9m

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

Kuwait Projects Company Holding K.S.C.P

Market Cap: د.ك347.8m

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.ك112.7m

Provides various insurance products and services in Kuwait.

TSTE

Market Cap: ฿4.2b

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

First Investment Company K.S.C.P

Market Cap: د.ك51.3m

First Investment Company K.S.C.C. is a Shariah compliant privately owned investment manager.

Nestlé Pakistan

Market Cap: PK₨356.4b

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

Padma Oil

Market Cap: ৳16.9b

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

Cairo Amman Bank

Market Cap: د.أ292.0m

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

Gulf Insurance Group - Jordan

Market Cap: د.أ80.6m

Engages in the insurance business in Jordan, the Middle East, North Africa, Europe, Asia, America, and the Near East.

Sokouk Holding Company K.S.C.P

Market Cap: د.ك36.9m

Engages in managing real estate projects in Kuwait.

Najran Cement

Market Cap: ر.س1.1b

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

Nofoth Food Products

Market Cap: ر.س837.4m

Produces and sells bakery products in Saudi Arabia.

Sure Global Tech

Market Cap: ر.س426.9m

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

House of Investments

Market Cap: ₱7.3b

An investment holding company, engages in the automotive, property and property services, financial services, and education businesses in the Philippines and internationally.

Standard Chartered Bank Kenya

Market Cap: KSh116.4b

Provides various banking products and services for individuals and businesses.

Ibrahim Fibres

Market Cap: PK₨80.9b

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

Fauji Foods

Market Cap: PK₨53.1b

Engages in processing and sale of toned milk, milk powder, fruit juices, allied dairy, and food products in Pakistan.

Commercial Bank International P.J.S.C

Market Cap: د.إ1.5b

Provides banking products and services to individuals and businesses in the United Arab Emirates and internationally.

Sun

Market Cap: MU₨7.5b

Operates in the tourism sector.

National Investments Company K.S.C.P

Market Cap: د.ك215.9m

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

Security Federal

Market Cap: US$106.0m

Operates as the bank holding company for Security Federal Bank that provides various banking products and services.

Inversiones Doalca SOCIMI

Market Cap: €156.6m

Inversiones Doalca Socimi, S.A., a real estate investment company, leases and rents real estate properties in Spain.