Middle Eastern Dividend Stocks To Consider In March 2025

As Middle Eastern markets navigate the complexities of tariff uncertainties and economic growth concerns, many Gulf indices have experienced downward pressure, with notable declines in Saudi Arabia and Dubai. In this challenging environment, identifying robust dividend stocks can offer investors a measure of stability through consistent income streams, making them an attractive consideration amid market volatility.

Top 10 Dividend Stocks In The Middle East

Name	Dividend Yield	Dividend Rating
Saudi Telecom (SASE:7010)	4.93%	★★★★★★
Peninsula Group (TASE:PEN)	6.65%	★★★★★★
Commercial Bank of Dubai PSC (DFM:CBD)	6.34%	★★★★★★
Emaar Properties PJSC (DFM:EMAAR)	7.27%	★★★★★☆
Arab National Bank (SASE:1080)	6.14%	★★★★★☆
Delek Group (TASE:DLEKG)	8.88%	★★★★★☆
National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK)	7.36%	★★★★★☆
Saudi Awwal Bank (SASE:1060)	5.64%	★★★★★☆
Emirates NBD Bank PJSC (DFM:EMIRATESNBD)	4.82%	★★★★★☆
Nuh Çimento Sanayi (IBSE:NUHCM)	3.18%	★★★★★☆

Click here to see the full list of 62 stocks from our Top Middle Eastern Dividend Stocks screener.

Let's uncover some gems from our specialized screener.

R.A.K. Ceramics P.J.S.C (ADX:RAKCEC)

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

Overview: R.A.K. Ceramics P.J.S.C. manufactures and sells a range of ceramic products across the Middle East, Europe, Asia, and internationally, with a market cap of AED2.57 billion.

Operations: R.A.K. Ceramics P.J.S.C.'s revenue primarily derives from Ceramic Products, which generated AED3.26 billion, followed by Faucets at AED516.02 million and Other Industrial segments contributing AED183.42 million.

Dividend Yield: 7.7%

R.A.K. Ceramics P.J.S.C. offers a dividend yield of 7.72%, placing it in the top 25% of dividend payers in the AE market, though its dividends have been volatile over the past decade. Despite this instability, dividends are well covered by both earnings (payout ratio: 89.9%) and cash flows (cash payout ratio: 49.7%). Recent earnings show improved net income at AED 320.9 million for 2024, with a proposed minimum annual dividend of AED 0.60 per share from 2025 to 2027 pending shareholder approval.

• Take a closer look at R.A.K. Ceramics P.J.S.C's potential here in our dividend report.
• Upon reviewing our latest valuation report, R.A.K. Ceramics P.J.S.C's share price might be too pessimistic.

Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri (IBSE:VAKKO)

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

Overview: Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri operates in the textile and ready-to-wear clothing industry with a market cap of TRY11.68 billion.

Operations: Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri generates revenue primarily from its apparel segment, amounting to TRY10.29 billion.

Dividend Yield: 3.4%

Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri's dividend yield of 3.42% ranks in the top 25% of Turkish dividend payers, supported by a low payout ratio of 30.5%. Dividends are reliably covered by both earnings and cash flows, with a cash payout ratio at 31.3%. Although dividends have been stable and growing, Vakko has only paid dividends for four years, indicating limited historical data on long-term reliability. The stock's P/E ratio is attractively lower than the market average at 8.9x.

• Delve into the full analysis dividend report here for a deeper understanding of Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri.
• Our valuation report unveils the possibility Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri's shares may be trading at a premium.

ETGA Group (TASE:ETGA)

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

Overview: ETGA Group Ltd operates in Israel, focusing on logistics and financing activities, with a market cap of ₪435.98 million.

Operations: ETGA Group Ltd generates revenue from its logistics segment, contributing ₪416.61 million, and non-bank financing activities, which add ₪40.69 million.

Dividend Yield: 6.4%

ETGA Group's dividend yield of 6.42% is among the top 25% in the IL market, supported by a cash payout ratio of 38.1%, indicating strong coverage by cash flows. However, dividends have been volatile and only paid for three years, suggesting limited reliability and stability. The payout ratio of 89.9% shows earnings coverage but raises sustainability concerns due to high debt levels. Trading at a significant discount to its estimated fair value may offer potential upside.

• Click to explore a detailed breakdown of our findings in ETGA Group's dividend report.
• The valuation report we've compiled suggests that ETGA Group's current price could be quite moderate.

Turning Ideas Into Actions

• Dive into all 62 of the Top Middle Eastern Dividend Stocks we have identified here.
• Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments.
• Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free.

Looking For Alternative Opportunities?

• 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.

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