Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.0b

Provides wholesale banking services worldwide.

FineMark Holdings

Market Cap: US$463.4m

Operates as the bank holding company for FineMark National Bank & Trust that provides various banking and financial services to individual and corporate clients.

Najran Cement

Market Cap: ر.س1.1b

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

Nusantara Pelabuhan Handal

Market Cap: Rp3.6t

Manages and operates container terminals in Indonesia and internationally.

Cairo Amman Bank

Market Cap: د.أ312.0m

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

Energy World

Market Cap: AU$213.1m

An independent energy company, engages in the development, production, and sale of power and liquefied natural gas in the Asia Pacific region.

Standard Chartered Bank Kenya

Market Cap: KSh113.2b

Provides various banking products and services for individuals and businesses.

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.

National Environmental Recycling

Market Cap: ر.س684.2m

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

Bonraybio

Market Cap: NT$3.7b

A development stage company, manufactures medical instruments and solutions for the male infertility market.

Qassim Cement

Market Cap: ر.س4.6b

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

Nofoth Food Products

Market Cap: ر.س894.6m

Produces and sells bakery products in Saudi Arabia.

Baazeem Trading

Market Cap: ر.س662.2m

Operates as a FMCG distribution company.

Hospital Corporation of China

Market Cap: HK$817.6m

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

Nestlé Pakistan

Market Cap: PK₨362.7b

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

Australian United Investment

Market Cap: AU$1.4b

A publicly owned investment manager.

Hearts and Minds Investments

Market Cap: AU$723.6m

n/a

Q P Group Holdings

Market Cap: HK$856.5m

An investment holding company, manufactures and trades in paper products in the People’s Republic of China, the United States, Europe, and internationally.

Vivo Energy Mauritius

Market Cap: MU₨13.0b

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

PC Jeweller

Market Cap: ₹70.7b

Manufactures, sells, and trades in gold, diamond, silver articles, precious stone, and gold and diamond studded jewelry in India.

Saatvik Green Energy

Market Cap: ₹50.5b

Manufactures and sells solar photovoltaic modules in India 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.

Ibrahim Fibres

Market Cap: PK₨88.8b

Manufactures and sells polyester staple fiber (PSF) and yarn products in Pakistan, Singapore, and Switzerland.

MOBI Industry

Market Cap: ر.س565.0m

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

Grenobloise d'Electronique et d'Automatismes Société Anonyme

Market Cap: €91.2m

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

Darwin

Market Cap: €91.8m

Operates in the healthcare industry.

Namibia Breweries

Market Cap: R6.2b

Engages in brewing and distribution of alcoholic beverages, and manufacture of soft drinks in Namibia and South Africa.

ANSA Merchant Bank

Market Cap: TT$2.4b

Provides a range of banking and financial services in Trinidad and Tobago, and Barbados.

Suez Canal Company for Technology Settling (S.A.E)

Market Cap: ج.م25.9b

Engages in the establishment and management of technological zones, scientific incubators, and training centers for the preparation of researchers and the transfer of technology, and the provision of related services.

Export Development Bank of Egypt (S.A.E.)

Market Cap: ج.م21.2b

Provides various banking products and services in Egypt.

Mobile Telecommunications

Market Cap: R6.9b

Operates as a mobile telecommunications company in Namibia.

Inversiones Doalca SOCIMI

Market Cap: €156.6m

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

Lampsa Hellenic Hotels

Market Cap: €999.8m

Operates and manages hotels in Greece, Cyprus, and Serbia.

Telekom Networks Malawi

Market Cap: MK 363.2b

Provides telecommunication services to enterprises and individual customers in Malawi.

Transnational Corporation of Nigeria

Market Cap: ₦416.6b

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