As Middle Eastern markets navigate the challenges of muted Gulf shares due to lower oil prices and global economic uncertainties, investors are keenly watching developments such as the U.S. Federal Reserve's symposium for cues on future monetary policy shifts. Amidst these conditions, dividend stocks offer a potential avenue for steady returns, providing income through dividends even when market volatility is high.
Top 10 Dividend Stocks In The Middle East
| Name | Dividend Yield | Dividend Rating |
| Saudi Telecom (SASE:7010) | 9.78% | ★★★★★☆ |
| Saudi National Bank (SASE:1180) | 5.58% | ★★★★★☆ |
| Saudi Awwal Bank (SASE:1060) | 6.23% | ★★★★★☆ |
| Riyad Bank (SASE:1010) | 6.53% | ★★★★★☆ |
| National General Insurance (P.J.S.C.) (DFM:NGI) | 7.09% | ★★★★★☆ |
| National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) | 6.25% | ★★★★★☆ |
| Emaar Properties PJSC (DFM:EMAAR) | 6.69% | ★★★★★☆ |
| Commercial Bank of Dubai PSC (DFM:CBD) | 4.93% | ★★★★★☆ |
| Arab National Bank (SASE:1080) | 5.98% | ★★★★★☆ |
| Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) | 7.12% | ★★★★★☆ |
Click here to see the full list of 73 stocks from our Top Middle Eastern Dividend Stocks screener.
Here we highlight a subset of our preferred stocks from the screener.
Gulf Medical Projects Company (PJSC) (ADX:GMPC)
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Gulf Medical Projects Company (PJSC) operates hospitals in the United Arab Emirates and has a market cap of AED1.57 billion.
Operations: Gulf Medical Projects Company (PJSC) generates revenue primarily from Health Services & Others amounting to AED711.55 million and Investments totaling AED50.66 million.
Dividend Yield: 6.7%
Gulf Medical Projects Company (PJSC) offers a dividend yield of 6.7%, placing it in the top 25% of dividend payers in the AE market. However, its high payout ratio of 106.2% indicates dividends are not well covered by earnings, raising sustainability concerns despite being covered by cash flows with an 84.6% cash payout ratio. Earnings have grown significantly, but historical volatility and unreliability in dividend payments over the past decade warrant caution for income-focused investors.
- Navigate through the intricacies of Gulf Medical Projects Company (PJSC) with our comprehensive dividend report here.
- Our valuation report unveils the possibility Gulf Medical Projects Company (PJSC)'s shares may be trading at a discount.
Ayalon Insurance (TASE:AYAL)
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Ayalon Insurance Company Ltd, with a market cap of ₪1.54 billion, operates in Israel through its subsidiaries offering a range of insurance products.
Operations: Ayalon Insurance Company Ltd generates revenue primarily from its Health segment with ₪647.28 million and Life Insurance and Long-Term Savings - Life Insurance segment with ₪1.18 billion.
Dividend Yield: 7.8%
Ayalon Insurance's dividend yield of 7.79% ranks it among the top 25% of dividend payers in Israel, although it's too early to assess stability or growth as dividends have just commenced. The payouts are well-covered by earnings and cash flows, with payout ratios of 30% and 34.4%, respectively. Recent earnings growth is notable, with net income rising to ILS 56.72 million for Q1 2025 from ILS 29.38 million a year earlier, suggesting potential for future dividend reliability.
- Click to explore a detailed breakdown of our findings in Ayalon Insurance's dividend report.
- The valuation report we've compiled suggests that Ayalon Insurance's current price could be quite moderate.
Mizrahi Tefahot Bank (TASE:MZTF)
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Mizrahi Tefahot Bank Ltd., along with its subsidiaries, offers a variety of international, commercial, domestic, and personal banking services to individuals and businesses in Israel and abroad, with a market cap of ₪54.85 billion.
Operations: Mizrahi Tefahot Bank Ltd. generates revenue through its diverse range of banking services, catering to both individual and business clients in Israel and internationally.
Dividend Yield: 4%
Mizrahi Tefahot Bank's dividend yield of 4% lags behind the top 25% in Israel, yet its payout ratio is a sustainable 42.6%, indicating dividends are well covered by earnings. Despite past volatility in payments, dividends have grown over the last decade. Recent earnings show stable performance with net income at ILS 1.45 billion for Q2 2025, consistent with last year, reflecting potential for continued dividend coverage despite historical unreliability.
- Click here and access our complete dividend analysis report to understand the dynamics of Mizrahi Tefahot Bank.
- Upon reviewing our latest valuation report, Mizrahi Tefahot Bank's share price might be too optimistic.
Summing It All Up
- Discover the full array of 73 Top Middle Eastern Dividend Stocks right here.
- Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up.
- Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world.
Looking For Alternative Opportunities?
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- 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 Mizrahi Tefahot Bank 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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