Top Middle Eastern Dividend Stocks To Consider In May 2025

As the Middle Eastern markets navigate through varied performances amid oil oversupply concerns and geopolitical developments, investors are keenly observing how these factors influence regional indices. In this environment, dividend stocks can offer a measure of stability and income potential, making them an attractive consideration for those looking to balance risk in their portfolios.

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.

We'll examine a selection from our screener results.

Abu Dhabi Commercial Bank PJSC (ADX:ADCB)

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

Overview: Abu Dhabi Commercial Bank PJSC, along with its subsidiaries, offers a range of banking products and services both in the United Arab Emirates and internationally, with a market capitalization of AED 89.28 billion.

Operations: Abu Dhabi Commercial Bank PJSC generates revenue through its key segments, including Retail Banking (AED 4.88 billion), Investments and Treasury (AED 4.89 billion), and Corporate and Investment Banking (AED 7.24 billion).

Dividend Yield: 4.8%

Abu Dhabi Commercial Bank PJSC offers a dividend yield of 4.84%, which is below the top tier of AE market payers, and has shown volatility in its dividend payments over the past decade. Despite this, dividends are well covered by earnings with a payout ratio currently at 47.5% and forecasted to remain sustainable at 46.6% in three years. Recent earnings reported for Q1 2025 indicate growth, with net income rising to AED 2.45 billion from AED 2.14 billion year-on-year, supporting future dividend coverage potential despite high non-performing loans at 2.2%.

• Delve into the full analysis dividend report here for a deeper understanding of Abu Dhabi Commercial Bank PJSC.
• The valuation report we've compiled suggests that Abu Dhabi Commercial Bank PJSC's current price could be inflated.

National General Insurance (P.J.S.C.) (DFM:NGI)

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

Overview: National General Insurance Co. (P.J.S.C.) operates in the United Arab Emirates, providing life and general insurance as well as reinsurance services, with a market cap of AED1.05 billion.

Operations: National General Insurance Co. (P.J.S.C.) generates revenue through its operations in underwriting life and general insurance, along with reinsurance services within the United Arab Emirates.

Dividend Yield: 7.1%

National General Insurance Co. (P.J.S.C.) offers a dividend yield of 7.09%, placing it in the top 25% of AE market payers, but its dividends have been unreliable and volatile over the past decade. The company's dividends are covered by earnings with a payout ratio of 55.3%, yet not supported by free cash flows due to a high cash payout ratio of 711.2%. Recent Q1 2025 earnings showed growth, with net income rising to AED 35.58 million from AED 30.32 million year-on-year, indicating potential for continued earnings support despite challenges in dividend sustainability.

• Navigate through the intricacies of National General Insurance (P.J.S.C.) with our comprehensive dividend report here.
• Our valuation report here indicates National General Insurance (P.J.S.C.) may be overvalued.

Keystone Infra (TASE:KSTN)

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

Overview: Keystone REIT Ltd. operates in the asset management and custody banks industry with a market cap of ₪1.32 billion.

Operations: Keystone REIT Ltd. generates revenue from unclassified services totaling ₪282.19 million.

Dividend Yield: 6.2%

Keystone Infra offers a dividend yield of 6.21%, ranking in the top 25% of IL market payers, with dividends well covered by earnings and cash flows (payout ratios: 38% and 48.4%). However, its dividend track record is unstable, having been volatile over its short three-year history. Recent financials show a decline in revenue to ILS 282.19 million from ILS 659.36 million year-on-year, which may impact future dividend reliability despite current coverage levels.

• Click to explore a detailed breakdown of our findings in Keystone Infra's dividend report.
• Insights from our recent valuation report point to the potential undervaluation of Keystone Infra shares in the market.

Taking Advantage

• Unlock more gems! Our Top Middle Eastern Dividend Stocks screener has unearthed 69 more companies for you to explore.Click here to unveil our expertly curated list of 72 Top Middle Eastern Dividend Stocks.
• Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments.
• Discover a world of investment opportunities with Simply Wall St's free app and access unparalleled stock analysis across all markets.

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