Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Purple Group

Market Cap: R3.3b

A financial services and technology company, engages in trading platforms, fractional property and crypto asset investing, retirement fund administration, and asset management businesses in South Africa.

Famous Brands

Market Cap: R5.2b

Through its subsidiaries, operates as a quick service and casual dining restaurant franchisor in the United Kingdom, South Africa, South African Development Community, the Middle East, and Rest of Africa.

Zona Franca de Iquique

Market Cap: CL$231.8b

Operates premises for wholesale and retail business centers in the duty-free zones of South America.

Sociedad Matriz SAAM

Market Cap: CL$1.3t

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

Bulbuloglu Vinc Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺4.8b

Manufactures and sells heavy machinery and equipment.

Inversiones Doalca SOCIMI

Market Cap: €155.4m

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

Gür-Sel Turizm Tasimacilik ve Servis Ticaret

Market Cap: ₺35.4b

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

Acsion

Market Cap: R2.9b

Engages in property holding and development activities in South Africa and internationally.

Mobiltel Iletisim Hizmetleri Sanayi ve Ticaret

Market Cap: ₺8.1b

Mobiltel Iletisim Hizmetleri Sanayi ve Ticaret A.S.

Colorado

Market Cap: د.م1.4b

Manufactures and distributes various paints in Morocco and internationally.

MIA Teknoloji Anonim Sirketi

Market Cap: ₺19.4b

Provides software development services to public and private organizations in Turkey.

VNV Global

Market Cap: SEK 2.9b

VNV Global AB (publ) formerly known as Vostok New Ventures Ltd., is a private equity and venture capital firm specializing in growth capital, buyout investments, incubation, seed/startup, early venture, mid venture, late venture.

Cairo Amman Bank

Market Cap: د.أ288.0m

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

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

Market Cap: د.ك79.3m

A private equity firm specializing in direct and fund investments.

Kuwait Projects Company Holding K.S.C.P

Market Cap: د.ك391.1m

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.

Hua Na Hydropower

Market Cap: ₫5.5t

Engages in the electricity generation activities.

Gulf Insurance Group - Jordan

Market Cap: د.أ84.5m

Engages in the insurance business in Jordan, Middle East, and North Africa region.

Citra Tubindo

Market Cap: Rp4.2t

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

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Jamuna Bank

Market Cap: ৳19.7b

Provides various banking products and services in Bangladesh.

National Investments Company K.S.C.P

Market Cap: د.ك261.4m

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

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.7b

Develops, manufactures, and sells medicines in Bulgaria.

Qassim Cement

Market Cap: ر.س4.6b

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

Baazeem Trading

Market Cap: ر.س663.2m

Operates as a FMCG distribution company.

Alumil Aluminium Industry

Market Cap: €154.9m

Engages in the design and production of architectural aluminum systems in Greece and internationally.

Central Cooperative Bank AD

Market Cap: лв211.0m

A commercial bank, provides various financial products and services.

Kuwait Insurance CompanyK.P

Market Cap: د.ك102.6m

Provides various insurance products and services in Kuwait.

Practic

Market Cap: RON 712.8m

Engages in the lease and sublease of real estate properties in Romania.

GB Holdings

Market Cap: US$54.7m

Provides rubber and chemical products in Zimbabwe.

Cyprus Cement

Market Cap: €178.3m

Engages in the manufacturing and sale of cement and related business in Cyprus.

Zespól Elektrocieplowni Wroclawskich KOGENERACJA

Market Cap: zł937.2m

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.

Maistra d.d

Market Cap: €607.4m

Engages in the hotel business in Croatia.

Master Drilling Group

Market Cap: R2.4b

An investment holding company, provides specialized drilling services to blue chip major and mid-tier companies in the mining, civil engineering, construction, and hydroelectric power sectors.

Evergent Investments

Market Cap: RON 2.4b

A publicly owned investment manager.

Jordanian Duty Free Shops

Market Cap: د.أ148.5m

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