Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Billion Industrial Holdings

Market Cap: HK$10.5b

Engages in manufacturing and sales of polyester filament yarns, polyester, polyester industrial yarns, and ES fiber products in the People’s Republic of China and internationally.

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

Market Cap: د.إ973.2m

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

Ruentex Interior Design

Market Cap: NT$3.4b

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

Vivo Energy Mauritius

Market Cap: MU₨13.5b

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

Praise Victor Industrial

Market Cap: NT$10.1b

Designs, produces, and trades in polyurethanes (PU) materials.

Cairo Amman Bank

Market Cap: د.أ308.0m

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

Yibin City Commercial Bank

Market Cap: HK$12.0b

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

Taiyo KagakuLtd

Market Cap: JP¥38.2b

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

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

Market Cap: د.ك60.2m

A private equity firm specializing in direct and fund investments.

National Investments Company K.S.C.P

Market Cap: د.ك235.1m

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

Sing Investments & Finance

Market Cap: S$375.9m

Provides f financial products and services to individuals and corporations in Singapore.

First Investment Company K.S.C.P

Market Cap: د.ك63.8m

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

Tri-County Financial Group

Market Cap: US$114.5m

Operates as a bank holding company for First State Bank, providing various banking and mortgage banking services and insurance services to individuals and businesses in the United States.

Xiamen Jiarong TechnologyLtd

Market Cap: CN¥3.8b

Manufactures and sells environmental protection equipment.

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.7b

Develops, manufactures, and sells medicines in Bulgaria.

Practic

Market Cap: RON 760.3m

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

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك187.4m

Engages in insurance and reinsurance operations in Kuwait.

Etihad Atheeb Telecommunication

Market Cap: ر.س3.1b

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.س1.4b

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

MOBI Industry

Market Cap: ر.س574.5m

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.

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

Market Cap: د.ك46.1m

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

Kuwait Projects Company Holding K.S.C.P

Market Cap: د.ك399.7m

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.

Standard Bank

Market Cap: MK 1.1t

Provides banking and other related services in Malawi.

Central Cooperative Bank AD

Market Cap: лв216.1m

A commercial bank, provides various financial products and services.

Mackolik Internet Hizmetleri Ticaret

Market Cap: ₺4.3b

Mackolik Internet Hizmetleri Ticaret A.S.

Zona Franca de Iquique

Market Cap: CL$225.8b

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

Marmaris Altinyunus Turistik Tesisler

Market Cap: ₺6.4b

Marmaris Altinyunus Turistik Tesisler A.S.

First Investment Bank AD

Market Cap: лв745.4m

Provides various banking products and services to individuals and corporate clients in Bulgaria and Cyprus.

Sopharma AD

Market Cap: лв1.4b

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

Empresas Lipigas

Market Cap: CL$780.4b

Engages in the distribution and sale of liquefied petroleum gas (LPG), natural gas (NG), and liquefied natural gas (LNG) in Chile, Peru, and Colombia.

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.

RÁBA Jármuipari Holding Nyrt

Market Cap: Ft51.0b

Manufactures and sells vehicle components in Hungary, Germany, rest of Europe, the United States, Asia, and Australia.

Inmocemento

Market Cap: €1.6b

Through its subsidiaries, engages in the cement and real estate businesses in Spain and internationally.

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.