As most Gulf markets have recently finished higher, despite cautious trading due to U.S.-Iran uncertainties, the Middle Eastern stock market is demonstrating resilience bolstered by strong local fundamentals and strategic national initiatives. In this environment, dividend stocks can provide a stable income stream and potential growth opportunities for investors looking to navigate geopolitical uncertainties while capitalizing on regional economic strengths.
Top 10 Dividend Stocks In The Middle East
|
Name |
Dividend Yield |
Dividend Rating |
|
Turkiye Garanti Bankasi (IBSE:GARAN) |
3.21% |
★★★★★☆ |
|
Saudi Investment Bank (SASE:1030) |
5.97% |
★★★★★☆ |
|
National General Insurance (P.J.S.C.) (DFM:NGI) |
7.79% |
★★★★★☆ |
|
Matrix IT (TASE:MTRX) |
3.83% |
★★★★★☆ |
|
Emirates Insurance Company P.J.S.C (ADX:EIC) |
7.89% |
★★★★★★ |
|
Emaar Properties PJSC (DFM:EMAAR) |
8.00% |
★★★★★☆ |
|
Dubai Insurance Company (P.S.C.) (DFM:DIN) |
5.88% |
★★★★★☆ |
|
Arab National Bank (SASE:1080) |
5.90% |
★★★★★☆ |
|
Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) |
5.23% |
★★★★★☆ |
|
Anadolu Anonim Türk Sigorta Sirketi (IBSE:ANSGR) |
3.66% |
★★★★★☆ |
Click here to see the full list of 55 stocks from our Top Middle Eastern Dividend Stocks screener.
Here’s a peek at a few of the choices from the screener.
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Sharjah Islamic Bank PJSC operates in banking, financing, and investing activities within the United Arab Emirates, with a market capitalization of AED9.51 billion.
Operations: Sharjah Islamic Bank PJSC generates revenue from several segments, including Retail (AED214.99 million), Investment and Treasury (AED974.81 million), Government and Corporate (AED671.17 million), and Hospitality, Brokerage, and Real Estate (AED511.86 million).
Dividend Yield: 6.8%
Sharjah Islamic Bank PJSC offers a dividend yield of 6.8%, placing it in the top 25% of dividend payers in the AE market. Despite its attractive yield, the bank’s dividend payments have been volatile over the past decade and are not consistently reliable. The bank’s payout ratio is reasonable at 48.5%, suggesting dividends are well covered by earnings, though concerns exist due to high non-performing loans (3.5%) and low allowance for bad loans (93%). Recent earnings growth has been strong, with net income increasing to AED 380.67 million in Q1 2026 from AED 318.93 million a year ago, but future sustainability remains uncertain amid ongoing capital restructuring efforts through a substantial equity offering of AED 2.59 billion aimed at increasing share capital to AED 4.31 billion.
