Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

AB Akola Group

Market Cap: €284.9m

Through its subsidiaries, engages in the production, preparation, and sale of agricultural and food products in Lithuania, Scandinavian, rest of Europe, Africa, Asia, and CIS countries.

MOBI Industry

Market Cap: ر.س565.5m

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

Fauji Foods

Market Cap: PK₨45.7b

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

Al Wathba National Insurance Company PJSC

Market Cap: د.إ641.7m

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

Jamuna Bank

Market Cap: ৳23.1b

Provides various banking products and services in Bangladesh.

Ruentex Interior Design

Market Cap: NT$3.8b

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

House of Investments

Market Cap: ₱7.1b

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

Bahrain National Holding Company B.S.C

Market Cap: ب.د60.1m

Bahrain National Holding Company B.S.C., together with its subsidiaries, asset management services in the Kingdom of Bahrain and other GCC countries.

Etihad GO Telecom

Market Cap: ر.س3.3b

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

Padma Oil

Market Cap: ৳17.0b

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

Invalda INVL

Market Cap: €332.8m

A private equity firm specializing in investments in small and middle-market privately held companies, industry consolidation, mature, growth capital, early venture, mid venture, later stage, acquisitions, and buyouts in undervalued assets.

Central Forest Group

Market Cap: JP¥22.9b

Engages in the wholesale of food, alcoholic beverages, and other related consumer products in Japan.

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.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.4b

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

Nestlé Pakistan

Market Cap: PK₨339.0b

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

Britam Holdings

Market Cap: KSh31.4b

An investment holding company, provides financial solutions in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique, and Malawi.

Shahjalal Islami Bank

Market Cap: ৳19.4b

Provides commercial banking products and services in Bangladesh.

Vita Life Sciences

Market Cap: AU$139.8m

A healthcare company, engages in formulating, packaging, distributing, and selling vitamins and supplements in Australia, Singapore, Malaysia, Thailand, Vietnam, Indonesia, and China.

Taiyo KagakuLtd

Market Cap: JP¥44.1b

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

Baazeem Trading

Market Cap: ر.س579.2m

Operates as a FMCG distribution company.

Saudi Chemical Holding

Market Cap: ر.س6.9b

Engages in the manufacture, distribution, and retail of medicines, medical materials and syrups, pharmaceutical preparations, medical and surgical tools and equipment, supplies of hospitals and medical centers and its related spare parts, and food products.

Nofoth Food Products

Market Cap: ر.س794.2m

Produces and sells bakery products in Saudi Arabia.

First National Bank of Botswana

Market Cap: P14.4b

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

Sopharma AD

Market Cap: €909.2m

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

MCH Group

Market Cap: CHF 131.8m

Operates as a live marketing company that provides a network of services in the exhibition and event market worldwide.

Marvipol Development

Market Cap: zł437.3m

Develops residential projects in Poland.

Viking Line Abp

Market Cap: €352.5m

Provides passenger and cargo carrier services.

Steppe Gold

Market Cap: CA$354.0m

Engages in operating, developing, exploring, and acquiring precious metal projects in Mongolia and Peru.

Colorado

Market Cap: د.م1.3b

Manufactures and distributes various paints in Morocco and internationally.

Mobiltel Iletisim Hizmetleri Sanayi ve Ticaret

Market Cap: ₺13.4b

Mobiltel Iletisim Hizmetleri Sanayi ve Ticaret A.S.

AIICO Insurance

Market Cap: ₦151.9b

Provides risk underwriting and related financial services in Nigeria.

Wema Bank

Market Cap: ₦1.4t

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

Cyprus Cement

Market Cap: €172.8m

Engages in the production and sale of cement and related businesses in Cyprus.

Zito d.o.o

Market Cap: €499.6m

Engages in the food and agricultural businesses in Croatia, Hungary, Italy, Serbia, Slovakia, Kosovo, and internationally.

Gür-Sel Turizm Tasimacilik ve Servis Ticaret

Market Cap: ₺31.4b

Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S.