Middle Eastern Dividend Stocks Featuring Sharjah Cement and Industrial Development (PJSC)

As geopolitical tensions weigh heavily on Middle Eastern markets, indices across the region have seen declines, with Saudi Arabia's benchmark index and Dubai's main share index experiencing significant drops. In such a volatile environment, dividend stocks like Sharjah Cement and Industrial Development (PJSC) offer investors potential stability through regular income streams, making them an attractive consideration amidst market uncertainties.

Top 10 Dividend Stocks In The Middle East

Click here to see the full list of 77 stocks from our Top Middle Eastern Dividend Stocks screener.

Let's uncover some gems from our specialized screener.

Sharjah Cement and Industrial Development (PJSC) (ADX:SCIDC)

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

Overview: Sharjah Cement and Industrial Development (PJSC) operates in the production and distribution of cement and related products, with a market cap of AED450.11 million.

Operations: Sharjah Cement and Industrial Development (PJSC) generates revenue primarily from its manufacturing segment, amounting to AED690.53 million.

Dividend Yield: 6.8%

Sharjah Cement and Industrial Development Co. (PJSC) offers a dividend yield in the top 25% of the AE market, supported by a payout ratio of 78.5% and cash payout ratio of 58.6%, indicating coverage by earnings and cash flows. However, dividends have been volatile over the past decade with declining payments, raising concerns about sustainability despite recent earnings growth to AED 15.5 million for Q1 2025 from AED 8.45 million last year.

• Delve into the full analysis dividend report here for a deeper understanding of Sharjah Cement and Industrial Development (PJSC).
• Upon reviewing our latest valuation report, Sharjah Cement and Industrial Development (PJSC)'s share price might be too pessimistic.

Akmerkez Gayrimenkul Yatirim Ortakligi (IBSE:AKMGY)

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

Overview: Akmerkez Gayrimenkul Yatirim Ortakligi A.S. operates in the real estate sector, focusing on property investment and development, with a market capitalization of TRY7.30 billion.

Operations: Akmerkez Gayrimenkul Yatirim Ortakligi A.S. generates revenue primarily from its Real Estates Investment Property segment, amounting to TRY789.87 million.

Dividend Yield: 6.4%

Akmerkez Gayrimenkul Yatirim Ortakligi's dividend yield ranks in the top 25% of the Turkish market, supported by a payout ratio of 77.1%, indicating coverage by earnings and cash flows. Despite stable payments, the company has only paid dividends for three years. Recent earnings show sales growth to TRY 216.14 million; however, net income decreased to TRY 51.75 million from TRY 129.27 million last year, impacting profitability and potentially future dividend reliability.

• Click to explore a detailed breakdown of our findings in Akmerkez Gayrimenkul Yatirim Ortakligi's dividend report.
• The valuation report we've compiled suggests that Akmerkez Gayrimenkul Yatirim Ortakligi's current price could be inflated.

Saudi National Bank (SASE:1180)

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

Overview: The Saudi National Bank, with a market cap of SAR207.85 billion, offers banking and investment management services both within Saudi Arabia and internationally through its subsidiaries.

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

Dividend Yield: 5.7%

Saudi National Bank's dividend yield is among the top 25% in Saudi Arabia, with a payout ratio of 53%, suggesting dividends are covered by earnings. However, its dividend history has been volatile over the past decade. Recent Q1 2025 results showed net income rose to SAR 6.02 billion from SAR 5.04 billion, indicating robust earnings growth that could support future dividends despite past instability in payments.

• Click here and access our complete dividend analysis report to understand the dynamics of Saudi National Bank.
• Our valuation report here indicates Saudi National Bank may be undervalued.

Key Takeaways

• Embark on your investment journey to our 77 Top Middle Eastern Dividend Stocks selection here.
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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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