Dana Gas PJSC And 2 Other Middle Eastern Dividend Stocks

As Middle Eastern markets experience a rise, buoyed by increasing oil prices and positive economic indicators, investors are keenly observing the region's equity performance. In this environment, dividend stocks such as Dana Gas PJSC offer potential stability and income opportunities, making them attractive options for those looking to balance growth with consistent returns.

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 review some notable picks from our screened stocks.

Dana Gas PJSC (ADX:DANA)

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

Overview: Dana Gas PJSC operates in the exploration, production, and sale of natural gas and petroleum products across the UAE, Iraq, and Egypt with a market cap of AED5.35 billion.

Operations: Dana Gas PJSC generates revenue from its Oil & Gas - Integrated segment, amounting to $332 million.

Dividend Yield: 7.2%

Dana Gas PJSC offers a high dividend yield of 7.19%, placing it in the top 25% of AE market payers, supported by reasonable earnings and cash flow coverage with payout ratios of 67.1% and 55.7%, respectively. However, its dividend history is unstable with volatility over its seven-year payment period. Recent Q1 2025 results show net income growth to US$43 million, despite a revenue decline to US$75 million from the previous year’s US$79 million.

• Dive into the specifics of Dana Gas PJSC here with our thorough dividend report.
• According our valuation report, there's an indication that Dana Gas PJSC's share price might be on the cheaper side.

Dubai Islamic Bank P.J.S.C (DFM:DIB)

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

Overview: Dubai Islamic Bank P.J.S.C. operates in corporate, retail, and investment banking both in the United Arab Emirates and internationally, with a market cap of AED66.78 billion.

Operations: Dubai Islamic Bank P.J.S.C. generates revenue primarily through its Consumer Banking segment at AED4.50 billion, followed by Corporate Banking at AED3.35 billion, Treasury operations at AED2.59 billion, and Real Estate Development contributing AED700.58 million.

Dividend Yield: 4.9%

Dubai Islamic Bank P.J.S.C. offers a dividend yield of 4.87%, which is lower than the top quartile in the AE market. Despite earnings growth of 18% over the past year, its dividend history has been volatile and unreliable over the last decade, although dividends are currently well-covered by earnings with a payout ratio of 42.5%. The bank's allowance for bad loans is low at 84%, with a high level of non-performing loans at 3.5%.

• Click here and access our complete dividend analysis report to understand the dynamics of Dubai Islamic Bank P.J.S.C.
• According our valuation report, there's an indication that Dubai Islamic Bank P.J.S.C's share price might be on the expensive side.

Saudi National Bank (SASE:1180)

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

Overview: The Saudi National Bank, with a market cap of SAR222.77 billion, offers banking and investment management services both within Saudi Arabia and internationally through its subsidiaries.

Operations: The Saudi National Bank generates revenue through several segments, including Retail (SAR15.91 billion), Wholesale (SAR16.60 billion), International (SAR1.66 billion), and Capital Market (SAR2.15 billion).

Dividend Yield: 5.3%

Saudi National Bank's dividend yield of 5.34% places it among the top 25% of dividend payers in Saudi Arabia, supported by a payout ratio of 53%, indicating dividends are well-covered by earnings. Despite past volatility in its dividend payments, recent earnings growth and a favorable price-to-earnings ratio (10.4x) suggest potential value for investors. Recent redemption of SAR 6.2 billion sukuk may impact capital structure but reflects strategic financial management efforts.

• Navigate through the intricacies of Saudi National Bank with our comprehensive dividend report here.
• Upon reviewing our latest valuation report, Saudi National Bank's share price might be too pessimistic.

Turning Ideas Into Actions

• Gain an insight into the universe of 75 Top Middle Eastern Dividend Stocks by clicking here.
• 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.
• Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe.

Seeking Other Investments?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
• Find companies with promising cash flow potential yet trading below their fair value.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com