The Middle Eastern stock markets have recently experienced a mix of declines and gains, with Saudi Arabia’s bourse extending losses due to weak earnings while Dubai’s index saw a slight increase driven by Emirates NBD. In this fluctuating environment, dividend stocks can offer investors a measure of stability through regular income, making them an attractive option for those looking to navigate the current market conditions.
|
Name |
Dividend Yield |
Dividend Rating |
|
Peninsula Group (TASE:PEN) |
6.69% |
★★★★★★ |
|
Emaar Properties PJSC (DFM:EMAAR) |
7.19% |
★★★★★☆ |
|
Arab National Bank (SASE:1080) |
6.00% |
★★★★★☆ |
|
Delek Group (TASE:DLEKG) |
8.07% |
★★★★★☆ |
|
National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) |
7.24% |
★★★★★☆ |
|
Saudi National Bank (SASE:1180) |
5.71% |
★★★★★☆ |
|
Saudi Awwal Bank (SASE:1060) |
5.65% |
★★★★★☆ |
|
Riyad Bank (SASE:1010) |
6.10% |
★★★★★☆ |
|
Saudi Telecom (SASE:7010) |
3.54% |
★★★★★☆ |
|
Commercial Bank of Dubai PSC (DFM:CBD) |
6.25% |
★★★★★☆ |
Click here to see the full list of 60 stocks from our Top Middle Eastern Dividend Stocks screener.
Let’s uncover some gems from our specialized screener.
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Commercial Bank of Dubai PSC offers commercial and retail banking services in the United Arab Emirates and has a market cap of AED24.24 billion.
Operations: Commercial Bank of Dubai PSC generates its revenue from Personal Banking (AED2.05 billion), Institutional Banking (AED1.27 billion), and Corporate Banking (AED1.11 billion) within the United Arab Emirates.
Dividend Yield: 6.2%
Commercial Bank of Dubai PSC offers a stable and reliable dividend, with payments growing over the past decade. The current dividend yield of 6.25% is slightly below the top quartile in the AE market but remains attractive given its consistent growth and coverage by earnings (52.3%). Despite a high level of bad loans (5.3%), recent earnings reports show strong financial performance, with net income rising to AED 3 billion for 2024, supporting future dividend sustainability.
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Al Rajhi REIT Fund is a Sharia-compliant investment fund listed on Tadawul, focused on generating periodic income through investments in income-generating real estate assets in Saudi Arabia, with a market cap of SAR2.29 billion.
Operations: The Al Rajhi REIT Fund generates revenue primarily from its commercial real estate assets, amounting to SAR236.02 million.