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As Middle Eastern markets navigate a mixed landscape marked by weak earnings in Saudi Arabia and gains in Dubai, investors are keenly observing the region's performance amid fluctuating oil prices and geopolitical developments. In this context, dividend stocks offer a compelling opportunity for those seeking steady income streams, particularly when companies demonstrate resilience through consistent payouts even during volatile periods.
Top 10 Dividend Stocks In The Middle East
Name | Dividend Yield | Dividend Rating |
Peninsula Group (TASE:PEN) | 6.69% | ★★★★★★ |
Emaar Properties PJSC (DFM:EMAAR) | 7.17% | ★★★★★☆ |
Arab National Bank (SASE:1080) | 5.96% | ★★★★★☆ |
Delek Group (TASE:DLEKG) | 8.01% | ★★★★★☆ |
National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) | 7.31% | ★★★★★☆ |
Saudi National Bank (SASE:1180) | 5.62% | ★★★★★☆ |
Saudi Awwal Bank (SASE:1060) | 5.54% | ★★★★★☆ |
Riyad Bank (SASE:1010) | 6.03% | ★★★★★☆ |
Emirates NBD Bank PJSC (DFM:EMIRATESNBD) | 4.63% | ★★★★★☆ |
Commercial Bank of Dubai PSC (DFM:CBD) | 6.20% | ★★★★★☆ |
Click here to see the full list of 59 stocks from our Top Middle Eastern Dividend Stocks screener.
Let's uncover some gems from our specialized screener.
Emirates Insurance Company P.J.S.C
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Emirates Insurance Company P.J.S.C. operates in the general insurance and reinsurance sectors across the United Arab Emirates, the United States, and Europe, with a market cap of AED1.19 billion.
Operations: Emirates Insurance Company P.J.S.C. generates revenue through its investments, amounting to AED99.81 million, and underwriting activities, totaling AED2.16 billion.
Dividend Yield: 6.9%
Emirates Insurance Company P.J.S.C. offers a promising dividend yield of 6.92%, placing it in the top 25% of dividend payers in the AE market. While dividends have grown steadily over the past decade, they are not well covered by free cash flows, with a high cash payout ratio of 362.1%. However, earnings do cover dividends with a reasonable payout ratio of 68.9%, and its price-to-earnings ratio is favorable at 10x compared to the market average.
Dubai Insurance Company (P.S.C.)
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Dubai Insurance Company (P.S.C.) offers a range of insurance products for individuals and corporates in the United Arab Emirates, with a market cap of AED1.29 billion.
Operations: Dubai Insurance Company (P.S.C.) generates its revenue through a diverse portfolio of insurance products tailored for both individuals and corporate clients within the United Arab Emirates.