Why so below NTA?, page-10

I will tell you why I think SDG is trading so far below its NTA, but you wont like my answer, its because this is an arab muslim dominated company, its run by people from Dubai, so many investment bankers maybe don't wanna touch it for that reason, otherwise, it would be the buy of the decade, the NTA is $2.22 and its $1.54 now, on paper its a steal.