As the Middle Eastern markets experience a period of relative stability, with most Gulf bourses settling flat amid fluctuating oil prices, investors are carefully considering their options in this dynamic economic landscape. In such an environment, dividend stocks can be appealing for those seeking steady income streams, offering potential resilience against market volatility.
Top 10 Dividend Stocks In The Middle East
| Name | Dividend Yield | Dividend Rating |
| Emaar Properties PJSC (DFM:EMAAR) | 7.58% | ★★★★★☆ |
| Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) | 7.37% | ★★★★★☆ |
| National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) | 7.69% | ★★★★★☆ |
| Riyad Bank (SASE:1010) | 6.26% | ★★★★★☆ |
| Arab National Bank (SASE:1080) | 6.00% | ★★★★★☆ |
| Saudi Awwal Bank (SASE:1060) | 5.81% | ★★★★★☆ |
| Saudi National Bank (SASE:1180) | 5.59% | ★★★★★☆ |
| Saudi Telecom (SASE:7010) | 9.66% | ★★★★★☆ |
| Delek Group (TASE:DLEKG) | 8.30% | ★★★★★☆ |
| Commercial Bank of Dubai PSC (DFM:CBD) | 6.05% | ★★★★★☆ |
Click here to see the full list of 75 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.
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 supply of cement and related products, with a market capitalization of AED 425.78 million.
Operations: Sharjah Cement and Industrial Development (PJSC) generates revenue through its operations in the production and supply of cement and related products.
Dividend Yield: 7.1%
Sharjah Cement and Industrial Development Co. (PJSC) offers an attractive dividend yield of 7.14%, placing it in the top 25% of AE market payers. While dividends are covered by earnings and cash flows, they have been volatile over the past decade, with a history of instability. Recent Q1 2025 results showed significant growth in net income to AED 15.5 million from AED 8.45 million a year ago, supporting current payout levels despite share price volatility.
- Take a closer look at Sharjah Cement and Industrial Development (PJSC)'s potential here in our dividend report.
- Our comprehensive valuation report raises the possibility that Sharjah Cement and Industrial Development (PJSC) is priced lower than what may be justified by its financials.
Dubai Refreshment (P.J.S.C.) (DFM:DRC)
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Dubai Refreshment (P.J.S.C.) is involved in bottling and selling Pepsi Cola International products both within the United Arab Emirates and internationally, with a market cap of AED1.89 billion.
Operations: The company's revenue segment is primarily derived from the canning, bottling, distribution, and trading of soft drinks and related beverage products, amounting to AED828.69 million.
Dividend Yield: 4.8%
Dubai Refreshment (P.J.S.C.) has a history of volatile dividend payments over the past decade, but recent financials show potential stability. The company's Q1 2025 earnings report revealed an increase in net income to AED 30.17 million from AED 25.66 million year-on-year, supporting its current payout ratio of 66.6%. Despite a lower dividend yield of 4.76% compared to top AE market payers, dividends are well-covered by both earnings and cash flows with a cash payout ratio of 42.1%.
- Get an in-depth perspective on Dubai Refreshment (P.J.S.C.)'s performance by reading our 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.
Fourth Milling (SASE:2286)
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Fourth Milling Company operates in the Kingdom of Saudi Arabia, focusing on the production, packaging, and sale of flour and its byproducts, animal feed, and bran products, with a market cap of SAR2.12 billion.
Operations: Fourth Milling Company's revenue segments include the sale of flour and its byproducts, animal feed, and bran products in Saudi Arabia.
Dividend Yield: 5.6%
Fourth Milling Company recently reported Q1 2025 earnings with sales of SAR 170.14 million and net income of SAR 52.7 million, indicating growth from the previous year. The company is expanding its production capabilities with a SAR 265 million investment in Al-Kharj city, funded through sharia-compliant bank facilities and internal cash. While dividends are new, they are well-covered by earnings (67.5% payout ratio) and cash flows (49.9% cash payout ratio), offering a competitive yield in the SA market at 5.61%.
- Click here and access our complete dividend analysis report to understand the dynamics of Fourth Milling.
- The valuation report we've compiled suggests that Fourth Milling's current price could be quite moderate.
Turning Ideas Into Actions
- Discover the full array of 75 Top Middle Eastern Dividend Stocks right here.
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Contemplating Other Strategies?
- 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.
Valuation is complex, but we're here to simplify it.
Discover if Fourth Milling might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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