Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Kuwait Insurance CompanyK.P

Market Cap: د.ك95.9m

Provides various insurance products and services in Kuwait.

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

Market Cap: د.ك45.8m

A private equity firm specializing in direct and fund investments.

Nofoth Food Products

Market Cap: ر.س1.1b

Produces and sells bakery products in Saudi Arabia.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.5b

Provides business and digital technology solutions 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.

National Credit and Commerce Bank

Market Cap: ৳13.3b

Provides various commercial banking products and services in Bangladesh.

Kuwait Projects Company Holding K.S.C.P

Market Cap: د.ك392.0m

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.

Yibin City Commercial Bank

Market Cap: HK$11.9b

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

Hospital Corporation of China

Market Cap: HK$926.8m

An investment holding company, owns, operates, and manages hospitals in the People’s Republic of China.

Vinacomin - Power Holding

Market Cap: ₫8.2t

Engages in the investment, construction, exploitation, and operation of thermal power and hydroelectric plants, and electronic factories using new energy, renewable energy, power grids, and power supply systems in Vietnam.

MOBI Industry

Market Cap: ر.س575.0m

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

Al Wathba National Insurance Company PJSC

Market Cap: د.إ683.1m

Engages in general insurance and reinsurance business in the United Arab Emirates 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.

Qassim Cement

Market Cap: ر.س4.5b

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

Baazeem Trading

Market Cap: ر.س555.9m

Operates as a FMCG distribution company.

Padma Oil

Market Cap: ৳19.3b

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

Ruentex Interior Design

Market Cap: NT$3.5b

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

Linde Bangladesh

Market Cap: ৳14.1b

Manufactures and supplies industrial and medical gases, anesthesia, and ancillary equipment in Bangladesh.

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك197.1m

Engages in insurance and reinsurance operations in Kuwait.

National Investments Company K.S.C.P

Market Cap: د.ك201.6m

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

Voltamp Energy SAOG

Market Cap: ر.ع77.2m

Manufactures, distributes, and sells transformers, medium and low voltage switchgears, and panels in the Sultanate of Oman.

Sure Global Tech

Market Cap: ر.س499.4m

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

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

Market Cap: د.ك44.7m

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

Li Ming Development Construction

Market Cap: NT$4.3b

Li Ming Development Construction Co., Ltd.

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

Market Cap: د.إ1.0b

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

Nigerian Aviation Handling

Market Cap: ₦204.7b

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

SalfaCorp

Market Cap: CL$512.5b

Engages in engineering, construction, and real estate businesses in Chile and internationally.

Sparta

Market Cap: €106.8m

A publicly owned investment manager.

Elron Ventures

Market Cap: US$125.8m

A venture capital firm specializing in early stage and seed investment.

Greenfire Resources

Market Cap: US$335.1m

Engages in the exploration, development, and operation of oil and gas properties in the Athabasca oil sands region of Alberta, Canada.

Standard Bank

Market Cap: MK 1.5t

Provides banking and other related services in Malawi.

Solesence

Market Cap: US$234.7m

A science-driven company, develops, manufactures, and sells integrated family of technologies in the United States.

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م26.3b

Produces and sells fertilizers.

Rimoni Industries

Market Cap: ₪427.2m

Engages in the design, engineering, and manufacture of molds, and precise injection molding and assemblies for the medical, automotive, agricultural, high-tech, and consumer industries in Israel.

Inversiones Doalca SOCIMI

Market Cap: €154.2m

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