Middle Eastern Dividend Stocks Including Dubai Refreshment (P.J.S.C.) And Two More Top Picks

The Middle Eastern stock markets have recently faced downward pressure, with Gulf bourses experiencing declines due to regional conflicts, notably impacting indices in Dubai and Abu Dhabi. Despite these challenges, investors continue to seek opportunities within the region's dividend stocks, which can offer stable income streams even amidst market volatility.

Top 10 Dividend Stocks In The Middle East

Click here to see the full list of 65 stocks from our Top Middle Eastern Dividend Stocks screener.

Let's take a closer look at a couple of our picks from the screened companies.

Dubai Refreshment (P.J.S.C.) (DFM:DRC)

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

Overview: Dubai Refreshment (P.J.S.C.) is a food and beverage manufacturing and distribution company operating in the United Arab Emirates and internationally, with a market cap of AED2.14 billion.

Operations: Dubai Refreshment (P.J.S.C.) generates its revenue primarily through the manufacturing and distribution of food and beverages within the United Arab Emirates and on an international scale.

Dividend Yield: 4.6%

Dubai Refreshment (P.J.S.C.) has shown a volatile dividend history over the past decade, with payments not consistently growing. Its current dividend yield of 4.63% is below the top quartile in the AE market. Despite this, dividends are covered by earnings and cash flows with payout ratios of 61.3% and 71.5%, respectively, suggesting sustainability in payouts. Recent Q1 earnings showed increased net income to AED 39.92 million from AED 30.17 million year-over-year, reflecting potential for future stability amidst past volatility concerns.

• Navigate through the intricacies of Dubai Refreshment (P.J.S.C.) with our comprehensive dividend report here.
• The analysis detailed in our Dubai Refreshment (P.J.S.C.) valuation report hints at an deflated share price compared to its estimated value.

Banque Saudi Fransi (SASE:1050)

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

Overview: Banque Saudi Fransi offers banking and financial services to individuals and businesses both within the Kingdom of Saudi Arabia and internationally, with a market cap of SAR48.31 billion.

Operations: Banque Saudi Fransi's revenue is primarily derived from its Treasury segment at SAR2.58 billion, Retail Banking at SAR3.39 billion, Corporate Banking at SAR3.00 billion, and Investment Banking & Brokerage at SAR681.32 million.

Dividend Yield: 5.5%

Banque Saudi Fransi's dividend sustainability is supported by a reasonable payout ratio of 53.5%, indicating dividends are covered by earnings. However, its dividend track record has been volatile over the past decade, despite recent growth in net income to SAR 1.38 billion for Q1 2026. Trading at a favorable price-to-earnings ratio of 9.8x compared to the Saudi market average, it presents good relative value but offers a lower yield than top-tier payers in the region.

• Take a closer look at Banque Saudi Fransi's potential here in our dividend report.
• Our valuation report unveils the possibility Banque Saudi Fransi's shares may be trading at a discount.

Mouwasat Medical Services (SASE:4002)

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

Overview: Mouwasat Medical Services Company operates hospitals, medical centers, drug stores, and pharmacies in Saudi Arabia and has a market cap of SAR13.03 billion.

Operations: Mouwasat Medical Services Company generates revenue through its Pharmaceuticals segment, which accounts for SAR498.22 million, and its Medical Services segment, contributing SAR2.79 billion.

Dividend Yield: 3.4%

Mouwasat Medical Services demonstrates a stable dividend history with consistent growth over the past decade. Its payout ratio of 51.5% indicates dividends are well-covered by earnings, while a cash payout ratio of 66.7% shows sustainability from cash flows. Despite offering a lower yield than top-tier payers in Saudi Arabia at 3.44%, its recent net income increase to SAR 201.01 million for Q1 2026 underscores potential for continued financial health and dividend reliability.

• Dive into the specifics of Mouwasat Medical Services here with our thorough dividend report.
• In light of our recent valuation report, it seems possible that Mouwasat Medical Services is trading behind its estimated value.

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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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