Stock Analysis

Middle Eastern Dividend Stocks To Watch In April 2025

ADX:ADCB
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As most Gulf markets end higher on the potential for U.S. tariff exemptions, investors are closely monitoring regional indices for signs of continued resilience amid ongoing trade tensions and fluctuating oil prices. In this environment, dividend stocks may offer a stable income stream, making them particularly appealing as they can provide both growth potential and regular returns in uncertain times.

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Top 10 Dividend Stocks In The Middle East

NameDividend YieldDividend Rating
Emaar Properties PJSC (DFM:EMAAR)8.03%★★★★★☆
National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK)8.09%★★★★★☆
Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT)7.15%★★★★★☆
Arab National Bank (SASE:1080)5.94%★★★★★☆
Riyad Bank (SASE:1010)5.84%★★★★★☆
Saudi Awwal Bank (SASE:1060)5.82%★★★★★☆
Emirates NBD Bank PJSC (DFM:EMIRATESNBD)5.04%★★★★★☆
Saudi Telecom (SASE:7010)8.96%★★★★★☆
Nuh Çimento Sanayi (IBSE:NUHCM)3.37%★★★★★☆
Commercial Bank of Dubai PSC (DFM:CBD)6.56%★★★★★☆

Click here to see the full list of 66 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.

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 in the United Arab Emirates and internationally, with a market capitalization of AED76.40 billion.

Operations: Abu Dhabi Commercial Bank PJSC generates its revenue from several segments, including Retail Banking (AED4.86 billion), Private Banking (AED11.52 million), Property Management (AED141.03 million), Investments and Treasury (AED4.84 billion), and Corporate and Investment Banking (AED6.75 billion).

Dividend Yield: 5.7%

Abu Dhabi Commercial Bank PJSC's dividend payments are well covered by earnings, with a payout ratio of 49.3%, expected to improve to 47.3% in three years. Despite a lower dividend yield (5.65%) compared to top-tier AE market payers, ADCB offers value with a low price-to-earnings ratio (8.7x). However, its dividends have been volatile over the past decade, and the bank maintains high non-performing loans at 2.2%. Recent earnings showed growth in net income to AED 9.42 billion for 2024, supporting continued dividend distributions like the recent AED 0.59 per share payout approved at their AGM on February 27, 2025.

ADX:ADCB Dividend History as at Apr 2025
ADX:ADCB Dividend History as at Apr 2025

Emaar Properties PJSC (DFM:EMAAR)

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

Overview: Emaar Properties PJSC, with a market cap of AED110.04 billion, operates in the property investment and development sector both in the United Arab Emirates and internationally through its subsidiaries.

Operations: Emaar Properties PJSC generates revenue from three primary segments: Real Estate (AED26.53 billion), Leasing, Retail and Related Activities (AED6.96 billion), and Hospitality (AED2.02 billion).

Dividend Yield: 8%

Emaar Properties PJSC's dividends are supported by a 65.4% payout ratio and a low cash payout ratio of 36.9%, indicating strong coverage by both earnings and cash flows. Despite an unreliable dividend track record over the past decade, recent increases in payments suggest improvement. The company's dividend yield is among the top 25% in the AE market at 8.03%. Emaar trades at a significant discount to its estimated fair value, enhancing its appeal as a value investment option.

DFM:EMAAR Dividend History as at Apr 2025
DFM:EMAAR Dividend History as at Apr 2025

Al Hammadi Holding (SASE:4007)

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

Overview: Al Hammadi Holding Company is a healthcare group offering a range of medical services in Saudi Arabia, with a market cap of SAR6.45 billion.

Operations: Al Hammadi Holding Company generates revenue from two primary segments: Medical Services, contributing SAR951.11 million, and Pharmaceutical Products, adding SAR202.78 million.

Dividend Yield: 3.5%

Al Hammadi Holding's dividend payments are backed by a 66.1% payout ratio, indicating solid earnings coverage, though the cash payout ratio of 89.5% suggests tighter cash flow coverage. Despite a history of volatility and unreliability in dividends over the past decade, recent earnings growth and increased payments hint at potential stability. The company trades slightly below its estimated fair value but offers a modest dividend yield of 3.47%, lower than top-tier Saudi Arabian payers.

SASE:4007 Dividend History as at Apr 2025
SASE:4007 Dividend History as at Apr 2025

Where To Now?

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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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