Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

VICOM

Market Cap: S$567.3m

An investment holding company, provides motor vehicle inspection; and non-vehicle testing, inspection, and consultancy services in Singapore.

MNtech

Market Cap: ₩303.9b

Manufactures and sells optical films for televisions in South Korea.

DAM Capital Advisors

Market Cap: ₹14.8b

Provides investment banking services.

SML Mahindra

Market Cap: ₹53.2b

Manufactures and sells commercial vehicles and related parts in India and internationally.

Dekpol

Market Cap: zł714.2m

Dekpol S.A. primary engages in the general contracting and steel structures and equipment businesses in Poland.

KABE Group AB (publ.)

Market Cap: SEK 1.9b

Engages in the construction and sale of caravans, motorhomes, and camping accessories in Sweden, the United Kingdom, Germany, Norway, Finland, Denmark, Poland, and internationally.

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك192.5m

Engages in insurance and reinsurance operations in Kuwait.

Jamuna Bank

Market Cap: ৳19.7b

Provides various banking products and services in Bangladesh.

Etihad GO Telecom

Market Cap: ر.س3.0b

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

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.5b

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

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

Market Cap: د.ك46.0m

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

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

Market Cap: د.ك67.5m

A private equity firm specializing in direct and fund investments.

National Environmental Recycling

Market Cap: ر.س717.8m

National Environmental Recycling Company recycles electronic and electrical equipment in Asia, Middle East, Japan, and Europe.

MOBI Industry

Market Cap: ر.س560.0m

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

Najran Cement

Market Cap: ر.س1.1b

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

Cairo Amman Bank

Market Cap: د.أ308.0m

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

Sure Global Tech

Market Cap: ر.س462.2m

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

National Investments Company K.S.C.P

Market Cap: د.ك241.5m

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

Sokouk Holding Company K.S.C.P

Market Cap: د.ك46.1m

Engages in managing real estate projects in Kuwait.

Jordanian Duty Free Shops

Market Cap: د.أ144.0m

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

Kuwait Projects Company Holding K.S.C.P

Market Cap: د.ك380.6m

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.

Padma Oil

Market Cap: ৳16.5b

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

Shangri-La Hotel

Market Cap: ฿5.5b

Operates hotels in Bangkok and Chiang Mai provinces.

Kuwait Insurance CompanyK.P

Market Cap: د.ك116.1m

Provides various insurance products and services in Kuwait.

Sopharma AD

Market Cap: лв1.4b

Produces, distributes, and exports pharmaceutical products in Europe, Bulgaria, and internationally.

Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative

Market Cap: €1.6b

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

Chobe Holdings

Market Cap: P1.7b

Through its subsidiaries, engages in owning and operating ecotourism lodges and camps on leased lands in northern Botswana and the Caprivi Strip in Namibia.

Grenobloise d'Electronique et d'Automatismes Société Anonyme

Market Cap: €90.6m

Provides electronic toll collection systems in France, rest of the European Union, rest of Europe, Asia, the Americas, and Africa.

Alantra Partners

Market Cap: €307.6m

Engages in the investment banking and asset management services in Spain and internationally.

First National Bank of Botswana

Market Cap: P13.9b

Provides various banking and related products and services to individuals, and large and small businesses in Botswana.

Transnational Corporation of Nigeria

Market Cap: ₦416.6b

Together with the subsidiaries, engages in the power, oil and gas, and hospitality businesses in Nigeria.

Wema Bank

Market Cap: ₦766.3b

Provides banking and other financial services to corporate and individual customers in Nigeria.

Sociedad Matriz SAAM

Market Cap: CL$1.4t

Through its subsidiaries, provides tugboat services, air cargo logistics, and real estate rentals in South America, Central America, and North America.

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.7b

Develops, manufactures, and sells medicines in Bulgaria.

Qassim Cement

Market Cap: ر.س4.5b

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