Middle Eastern Dividend Stocks Featuring Dubai Refreshment (P.J.S.C.) And 2 More

Amidst rising hopes for a U.S. Federal Reserve rate cut, most Gulf markets have recently seen positive momentum, with Dubai's main share index advancing by 1.1%. In this context of optimistic market sentiment, dividend stocks in the Middle East offer investors potential income stability and growth opportunities, making them an attractive consideration in today's economic landscape.

Top 10 Dividend Stocks In The Middle East

Click here to see the full list of 64 stocks from our Top Middle Eastern Dividend Stocks screener.

Let's review some notable picks from our screened stocks.

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 in the United Arab Emirates and internationally, with a market cap of AED1.96 billion.

Operations: Dubai Refreshment (P.J.S.C.) generates revenue of AED869.04 million from its Soft Drinks & Related Beverage Products segment.

Dividend Yield: 4.6%

Dubai Refreshment (P.J.S.C.) has shown robust earnings growth, with Q3 2025 net income rising to AED 47.48 million from AED 35.57 million a year ago. Despite this, its dividend yield of 4.59% lags behind top-tier payers in the AE market. While dividends are supported by earnings and cash flows, the company's dividend history is marked by volatility and unreliability over the past decade, raising concerns about sustainability despite recent increases.

• Unlock comprehensive insights into our analysis of Dubai Refreshment (P.J.S.C.) stock in this dividend report.
• In light of our recent valuation report, it seems possible that Dubai Refreshment (P.J.S.C.) is trading behind its estimated value.

Emaar Properties PJSC (DFM:EMAAR)

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

Overview: Emaar Properties PJSC, along with its subsidiaries, operates in property investment, development, and management both in the United Arab Emirates and internationally, with a market cap of AED122.86 billion.

Operations: Emaar Properties PJSC generates revenue from various segments including Hospitality (AED2.22 billion), Real Estate (AED35.14 billion), and Leasing, Retail and Related Activities (AED7.46 billion).

Dividend Yield: 7.2%

Emaar Properties PJSC's dividends, though among the top 25% in the AE market with a 7.19% yield, have been volatile and unreliable over the past decade. Despite this instability, dividends are well-covered by earnings (53.4% payout ratio) and cash flows (29% cash payout ratio). Recent earnings growth is strong, with Q3 net income rising to AED 4.37 billion from AED 3.18 billion last year, suggesting potential for future dividend stability if maintained.

• Navigate through the intricacies of Emaar Properties PJSC with our comprehensive dividend report here.
• Our expertly prepared valuation report Emaar Properties PJSC implies its share price may be lower than expected.

Saudia Dairy & Foodstuff (SASE:2270)

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

Overview: Saudia Dairy & Foodstuff Company, along with its subsidiaries, is engaged in the production and distribution of dairy products, beverages, and various foodstuffs across the Kingdom of Saudi Arabia, Poland, and other Gulf and Arab countries, with a market cap of SAR8.16 billion.

Operations: The revenue segments for Saudia Dairy & Foodstuff Company encompass the production and distribution of dairy products, beverages, and various foodstuffs across its operational regions.

Dividend Yield: 7.1%

Saudia Dairy & Foodstuff offers a compelling dividend yield of 7.06%, ranking in the top 25% within the Saudi market. Despite this, its dividends are not well covered by free cash flows, with a high cash payout ratio of 210.5%. However, dividends have been stable and reliable over the past decade. Recent earnings growth is robust; Q3 net income increased to SAR 184.53 million from SAR 137.5 million last year, supporting potential future payouts.

• Click here to discover the nuances of Saudia Dairy & Foodstuff with our detailed analytical dividend report.
• Insights from our recent valuation report point to the potential overvaluation of Saudia Dairy & Foodstuff shares in the market.

Where To Now?

• Explore the 64 names from our Top Middle Eastern Dividend Stocks screener here.
• Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio's performance.
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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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