3 Middle Eastern Dividend Stocks Yielding Up To 9.3%

In recent weeks, most Gulf markets have experienced a retreat as investors exercise caution ahead of significant global economic decisions, such as the U.S. Senate vote on President Trump's tax bill. Despite this cautious atmosphere, dividend stocks in the Middle East continue to attract attention for their potential to provide steady income streams amid market fluctuations.

Top 10 Dividend Stocks In The Middle East

Click here to see the full list of 75 stocks from our Top Middle Eastern Dividend Stocks screener.

Let's dive into some prime choices out of the screener.

Akçansa Çimento Sanayi ve Ticaret Anonim Sirketi (IBSE:AKCNS)

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

Overview: Akçansa Çimento Sanayi ve Ticaret Anonim Sirketi, along with its subsidiaries, is engaged in the manufacturing and sale of cement, clinker, ready-mix concrete, and aggregates both in Turkey and internationally, with a market cap of TRY26.61 billion.

Operations: Akçansa Çimento Sanayi ve Ticaret Anonim Sirketi generates revenue from its key segments, including Cement (TRY9.03 billion) and Ready Mixed Concrete (TRY6.53 billion).

Dividend Yield: 4.5%

Akçansa Çimento Sanayi ve Ticaret Anonim Sirketi offers a dividend yield of 4.51%, placing it in the top 25% of Turkish dividend payers, with dividends covered by earnings and cash flows at payout ratios of 80.4% and 45.9%, respectively. However, its dividend history is marked by volatility and unreliability over the past decade. Recently, the company reported a net loss for Q1 2025, indicating potential challenges in sustaining future payouts despite forecasted earnings growth.

• Navigate through the intricacies of Akçansa Çimento Sanayi ve Ticaret Anonim Sirketi with our comprehensive dividend report here.
• The analysis detailed in our Akçansa Çimento Sanayi ve Ticaret Anonim Sirketi valuation report hints at an deflated share price compared to its estimated value.

NewMed Energy - Limited Partnership (TASE:NWMD)

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

Overview: NewMed Energy - Limited Partnership is involved in the exploration, development, production, and sale of petroleum, natural gas, and condensate across Israel, Jordan, and Egypt with a market cap of ₪19.43 billion.

Operations: NewMed Energy - Limited Partnership generates revenue from its Oil & Gas - Exploration & Production segment, amounting to $992.60 million.

Dividend Yield: 4.4%

NewMed Energy - Limited Partnership's dividend yield of 4.35% is below the top 25% in the IL market, with dividends well-covered by earnings and cash flows at payout ratios of 48.1% and 50.1%, respectively. Despite a decade-long increase in payments, its dividend history has been unreliable and volatile. Recent Q1 2025 results showed revenue growth to US$245.6 million, but net income decreased slightly to US$116.4 million compared to last year, reflecting ongoing financial challenges.

• Take a closer look at NewMed Energy - Limited Partnership's potential here in our dividend report.
• In light of our recent valuation report, it seems possible that NewMed Energy - Limited Partnership is trading beyond its estimated value.

Rimoni Industries (TASE:RIMO)

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

Overview: Rimoni Industries Ltd. specializes in designing, engineering, and manufacturing molds and precise injection molding and assemblies for various sectors including medical, automotive, agricultural, high-tech, and consumer industries in Israel with a market cap of ₪450.61 million.

Operations: Rimoni Industries Ltd. generates revenue primarily from its Plastic Casting segment, which accounts for ₪169.63 million, and its Patterns segment, contributing ₪14.26 million.

Dividend Yield: 9.3%

Rimoni Industries' dividend yield of 9.32% ranks among the top 25% in the IL market, yet it is not well-supported by earnings, with a high payout ratio of 102.8%. Although dividends have increased over the past decade, payments have been unreliable and volatile. Recent Q1 2025 results showed stable net income at ILS 10.92 million despite a slight drop in sales to ILS 46.57 million, indicating potential financial stability challenges for sustaining dividends.

• Get an in-depth perspective on Rimoni Industries' performance by reading our dividend report here.
• According our valuation report, there's an indication that Rimoni Industries' share price might be on the cheaper side.

Turning Ideas Into Actions

• Access the full spectrum of 75 Top Middle Eastern Dividend Stocks by clicking on this link.
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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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