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The Middle Eastern stock markets have recently shown signs of resilience, with Saudi Arabia's bourse snapping a three-day losing streak following a rebound in oil prices, which play a pivotal role in the region's financial dynamics. In this context, dividend stocks can offer investors potential stability and income, making them an attractive option amidst fluctuating market conditions.
Top 10 Dividend Stocks In The Middle East
| Name | Dividend Yield | Dividend Rating |
| Peninsula Group (TASE:PEN) | 6.58% | ★★★★★★ |
| Emaar Properties PJSC (DFM:EMAAR) | 7.30% | ★★★★★☆ |
| Arab National Bank (SASE:1080) | 5.97% | ★★★★★☆ |
| Delek Group (TASE:DLEKG) | 8.66% | ★★★★★☆ |
| National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) | 7.36% | ★★★★★☆ |
| Saudi National Bank (SASE:1180) | 5.77% | ★★★★★☆ |
| Saudi Awwal Bank (SASE:1060) | 5.62% | ★★★★★☆ |
| Saudi Telecom (SASE:7010) | 9.57% | ★★★★★☆ |
| Nuh Çimento Sanayi (IBSE:NUHCM) | 3.06% | ★★★★★☆ |
| Commercial Bank of Dubai PSC (DFM:CBD) | 6.35% | ★★★★★☆ |
Click here to see the full list of 60 stocks from our Top Middle Eastern Dividend Stocks screener.
Let's explore several standout options from the results in the screener.
Dubai Refreshment (P.J.S.C.)
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Dubai Refreshment (P.J.S.C.) is involved in bottling and selling Pepsi Cola International products in the United Arab Emirates and internationally, with a market cap of AED1.97 billion.
Operations: The company's revenue primarily comes from the canning, bottling, distribution, and trading of soft drinks and related beverage products, amounting to AED817.99 million.
Dividend Yield: 4.6%
Dubai Refreshment (P.J.S.C.) trades at 43.3% below its estimated fair value, offering potential value for investors. Despite a reasonable payout ratio of 69.4%, the dividend yield of 4.57% is low compared to the top quartile in the AE market. While dividends are covered by earnings and cash flows, their reliability has been inconsistent over the past decade, with volatility noted despite recent growth. Recent financials show declining profit margins and net income year-over-year.
Akçansa Çimento Sanayi ve Ticaret Anonim Sirketi
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Akçansa Çimento Sanayi ve Ticaret Anonim Sirketi, with a market cap of TRY33.50 billion, manufactures and sells cement, clinker, ready-mix concrete, and aggregates in Turkey and internationally through its subsidiaries.
Operations: Akçansa Çimento Sanayi ve Ticaret Anonim Sirketi generates revenue primarily from its cement segment, which accounts for TRY12.35 billion, and its ready-mix concrete segment, contributing TRY7.36 billion.