The recent interest rate cut by the UAE central bank has sparked optimism in Middle Eastern markets, with Dubai and Abu Dhabi indices showing positive momentum as investors anticipate stronger economic growth. In this favorable environment, dividend stocks can offer a compelling opportunity for investors seeking steady income streams, particularly when they demonstrate resilience amid fluctuating oil prices and shifting global economic conditions.
Top 10 Dividend Stocks In The Middle East
| Name | Dividend Yield | Dividend Rating |
| Saudi Telecom (SASE:7010) | 9.77% | ★★★★★☆ |
| Saudi National Bank (SASE:1180) | 5.88% | ★★★★★☆ |
| Saudi Awwal Bank (SASE:1060) | 6.52% | ★★★★★☆ |
| Riyad Bank (SASE:1010) | 6.83% | ★★★★★☆ |
| National General Insurance (P.J.S.C.) (DFM:NGI) | 7.38% | ★★★★★☆ |
| National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) | 6.31% | ★★★★★☆ |
| Emaar Properties PJSC (DFM:EMAAR) | 7.12% | ★★★★★☆ |
| Delek Group (TASE:DLEKG) | 6.89% | ★★★★★☆ |
| Arab National Bank (SASE:1080) | 5.80% | ★★★★★☆ |
| Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) | 6.29% | ★★★★★☆ |
Click here to see the full list of 63 stocks from our Top Middle Eastern Dividend Stocks screener.
Let's explore several standout options from the results in the screener.
Göltas Göller Bölgesi Cimento Sanayi ve Ticaret (IBSE:GOLTS)
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Göltas Göller Bölgesi Cimento Sanayi ve Ticaret A.S. operates in the cement manufacturing industry and has a market cap of TRY6.16 billion.
Operations: Göltas Göller Bölgesi Cimento Sanayi ve Ticaret A.S. generates revenue primarily from its Cement and Ready Mixed Concrete segment, which accounts for TRY5.22 billion, and its Energy segment, contributing TRY468.04 million.
Dividend Yield: 3.3%
Göltas Göller Bölgesi Cimento Sanayi ve Ticaret's dividend yield of 3.25% ranks in the top 25% of Turkish market payers, yet its sustainability is questionable due to a high cash payout ratio of 184.2%, indicating dividends are not well covered by cash flows. Despite a low payout ratio of 8%, suggesting earnings coverage, dividends have been historically volatile and unreliable over the past decade. Recent earnings show declining sales and net income, impacting dividend reliability further.
- Click here to discover the nuances of Göltas Göller Bölgesi Cimento Sanayi ve Ticaret with our detailed analytical dividend report.
- Upon reviewing our latest valuation report, Göltas Göller Bölgesi Cimento Sanayi ve Ticaret's share price might be too optimistic.
Naturelgaz Sanayi ve Ticaret (IBSE:NTGAZ)
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Naturelgaz Sanayi ve Ticaret A.S. operates in Turkey by purchasing, compressing, transporting, and delivering natural gas, with a market cap of TRY6.53 billion.
Operations: Naturelgaz Sanayi ve Ticaret A.S. generates revenue primarily from its Non-Regulated Utility segment, amounting to TRY6.24 billion.
Dividend Yield: 6.1%
Naturelgaz Sanayi ve Ticaret's dividend yield of 6.13% ranks in the top 25% of Turkish market payers, supported by a moderate payout ratio of 58%, indicating dividends are well-covered by both earnings and cash flows. Recent earnings show significant growth, with net income rising to TRY 56.38 million in Q2 from TRY 13.74 million a year ago, enhancing its ability to sustain dividends despite only four years of payment history.
- Unlock comprehensive insights into our analysis of Naturelgaz Sanayi ve Ticaret stock in this dividend report.
- Our expertly prepared valuation report Naturelgaz Sanayi ve Ticaret implies its share price may be lower than expected.
Turkcell Iletisim Hizmetleri (IBSE:TCELL)
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Turkcell Iletisim Hizmetleri A.S. operates as a provider of converged telecommunication and technology services across Turkey, Belarus, the Turkish Republic of Northern Cyprus, and the Netherlands, with a market cap of TRY211.32 billion.
Operations: Turkcell Iletisim Hizmetleri A.S. generates revenue primarily from its Turkcell Turkey segment, which accounts for TRY153.66 billion, and its Techfin segment, contributing TRY9.88 billion.
Dividend Yield: 3.7%
Turkcell Iletisim Hizmetleri's dividend yield of 3.75% places it among the top 25% in Türkiye, supported by a reasonable payout ratio of 63.5%, ensuring coverage by earnings and cash flows. Despite past volatility in dividends, recent financials show robust performance with Q2 revenue rising to TRY 53.02 billion from TRY 47.15 billion year-on-year. This growth underscores its capacity to maintain dividends amid strategic network enhancements and infrastructure investments with A10 Networks.
- Click to explore a detailed breakdown of our findings in Turkcell Iletisim Hizmetleri's dividend report.
- According our valuation report, there's an indication that Turkcell Iletisim Hizmetleri's share price might be on the cheaper side.
Next Steps
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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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