3 Middle Eastern Dividend Stocks With Up To 8.5% Yield

Amidst concerns over U.S. inflation and interest rate uncertainties, most Gulf markets have been trending downward, with investors closely monitoring economic cues from global powers. In such a volatile environment, dividend stocks can offer a measure of stability and income, making them an attractive option for those seeking consistent returns in the Middle Eastern market.

Top 10 Dividend Stocks In The Middle East

Click here to see the full list of 72 stocks from our Top Middle Eastern Dividend Stocks screener.

Here we highlight a subset of our preferred stocks from the screener.

National Bank of Umm Al-Qaiwain (PSC) (ADX:NBQ)

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

Overview: National Bank of Umm Al-Qaiwain (PSC) provides retail and corporate banking services in the United Arab Emirates with a market cap of AED4.70 billion.

Operations: National Bank of Umm Al-Qaiwain (PSC) generates revenue through its retail and corporate banking services in the United Arab Emirates.

Dividend Yield: 7.7%

National Bank of Umm Al-Qaiwain (PSC) offers a strong dividend yield at 7.66%, ranking in the top 25% of AE market payers, supported by a reasonable payout ratio of 66.7%. However, its dividend payments have been volatile over the past decade and are considered unreliable. Despite this, recent earnings reports show growth with net income reaching AED 313.76 million for the first half of 2025, indicating potential stability in future payouts.

• Navigate through the intricacies of National Bank of Umm Al-Qaiwain (PSC) with our comprehensive dividend report here.
• Our comprehensive valuation report raises the possibility that National Bank of Umm Al-Qaiwain (PSC) is priced higher than what may be justified by its financials.

Mashreqbank PSC (DFM:MASQ)

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

Overview: Mashreqbank PSC offers a range of banking and financial services to individuals and corporate clients, with a market capitalization of AED49.35 billion.

Operations: Mashreqbank PSC's revenue segments include Retail banking at AED4.19 billion, Wholesale Banking at AED4.72 billion, Insurance & Others at AED3.36 billion, and Treasury and Capital Markets at AED1.13 billion.

Dividend Yield: 8.6%

Mashreqbank PSC offers a compelling dividend yield of 8.58%, placing it in the top quartile of AE market payers, supported by a low payout ratio of 48.8%. Despite this, its dividend history has been volatile over the past decade. Recent earnings showed net income at AED 1.76 billion for Q1 2025, down from AED 2 billion a year earlier. The bank's recent $500 million fixed-income offering may influence future financial flexibility and dividend sustainability.

• Click to explore a detailed breakdown of our findings in Mashreqbank PSC's dividend report.
• Our comprehensive valuation report raises the possibility that Mashreqbank PSC is priced lower than what may be justified by its financials.

Sukoon Insurance PJSC (DFM:SUKOON)

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

Overview: Sukoon Insurance PJSC offers insurance solutions for individuals and businesses in the United Arab Emirates, with a market cap of AED1.54 billion.

Operations: Sukoon Insurance PJSC generates its revenue primarily from two segments: Life Insurance, contributing AED180.26 million, and Non-Life Insurance, accounting for AED4.38 billion.

Dividend Yield: 6%

Sukoon Insurance PJSC's dividends are well-covered, with a low payout ratio of 32.4% and a cash payout ratio of 13.3%, ensuring sustainability despite its volatile dividend history over the past decade. The company reported Q1 2025 net income of AED 101.2 million, up from AED 81.57 million a year ago, reflecting earnings growth that supports its dividend payments. However, its dividend yield of 6.01% is slightly below the top tier in the AE market and shares remain highly illiquid.

• Take a closer look at Sukoon Insurance PJSC's potential here in our dividend report.
• Our valuation report here indicates Sukoon Insurance PJSC may be overvalued.

Make It Happen

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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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