3 Middle Eastern Dividend Stocks Yielding Up To 6.6%

As Gulf markets experience mixed performances amid cautious investor sentiment and fluctuating oil prices, dividend stocks in the Middle East are drawing attention for their potential to provide steady income. In such a volatile environment, selecting dividend stocks with strong fundamentals and consistent payout histories can be a prudent strategy for investors seeking stability and income.

Top 10 Dividend Stocks In The Middle East

Click here to see the full list of 69 stocks from our Top Middle Eastern Dividend Stocks screener.

Let's explore several standout options from the results in the screener.

Saudi Awwal Bank (SASE:1060)

Simply Wall St Dividend Rating: ★★★★★☆

Overview: Saudi Awwal Bank, along with its subsidiaries, offers banking and financial services in the Kingdom of Saudi Arabia and has a market capitalization of SAR62.55 billion.

Operations: Saudi Awwal Bank generates revenue from several segments, including Treasury (SAR2.05 billion), Capital Markets (SAR429.19 million), Wealth & Personal Banking (SAR4.08 billion), and Corporate and Institutional Banking (SAR7.08 billion).

Dividend Yield: 6.6%

Saudi Awwal Bank's dividend payments are well-covered by earnings with a payout ratio of 26.1%, and its 6.6% yield ranks in the top 25% of Saudi Arabian dividend payers. However, the bank has an unstable dividend track record over the past decade, marked by volatility. Recent announcements include a SAR 2.06 billion cash dividend for H1 2025 and plans to issue USD-denominated Tier 2 Capital Green Notes, reflecting strategic financial maneuvers amid ongoing growth in net income and interest earnings.

• Click here to discover the nuances of Saudi Awwal Bank with our detailed analytical dividend report.
• According our valuation report, there's an indication that Saudi Awwal Bank's share price might be on the cheaper side.

Saudi Networkers Services (SASE:9543)

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Saudi Networkers Services Company operates in the implementation, establishment, maintenance, operation, installation, and management of telecommunication networks in Saudi Arabia and Algeria with a market cap of SAR454.50 million.

Operations: Saudi Networkers Services Company generates revenue from its activities related to telecommunication networks in Saudi Arabia and Algeria.

Dividend Yield: 5.7%

Saudi Networkers Services has shown consistent dividend growth over its three-year payment history, supported by a reasonable cash payout ratio of 70.3%. Its dividend yield of 5.74% places it among the top 25% of Saudi Arabian payers, and earnings coverage is solid with a payout ratio of 73%. Recent half-year results report net income rising to SAR 20.6 million, indicating financial stability that could sustain future dividends despite its relatively short history in paying them.

• Navigate through the intricacies of Saudi Networkers Services with our comprehensive dividend report here.
• Our valuation report unveils the possibility Saudi Networkers Services' shares may be trading at a premium.

Shufersal (TASE:SAE)

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Shufersal Ltd. operates a chain of supermarkets under the Shufersal brand name in Israel, with a market cap of ₪11.04 billion.

Operations: Shufersal Ltd.'s revenue is derived from its chain of supermarkets in Israel.

Dividend Yield: 3.3%

Shufersal's dividend payments, while covered by earnings and cash flows with payout ratios of 47.9% and 20.5%, respectively, have been volatile over the past decade, indicating an unstable track record. Despite trading at nearly 20% below its estimated fair value, its dividend yield of 3.26% remains lower than the top quartile in Israel's market. Recent earnings show improved net income to ILS 191 million for Q2 2025, suggesting potential financial resilience amidst fluctuating dividends.

• Take a closer look at Shufersal's potential here in our dividend report.
• Upon reviewing our latest valuation report, Shufersal's share price might be too pessimistic.

Key Takeaways

• Click here to access our complete index of 69 Top Middle Eastern Dividend Stocks.
• Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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