As Gulf stocks rise following regional central banks' interest rate cuts mirroring the U.S. Federal Reserve, investors are closely watching how these moves will impact market dynamics and economic growth in the Middle East. In this evolving landscape, dividend stocks can offer a measure of stability and income potential, making them an attractive option for investors seeking to navigate current market conditions.

Top 10 Dividend Stocks In The Middle East

Name	Dividend Yield	Dividend Rating
Saudi Telecom (SASE:7010)	9.90%	★★★★★☆
Saudi National Bank (SASE:1180)	5.82%	★★★★★☆
Saudi Awwal Bank (SASE:1060)	6.51%	★★★★★☆
Riyad Bank (SASE:1010)	6.81%	★★★★★☆
National General Insurance (P.J.S.C.) (DFM:NGI)	7.38%	★★★★★☆
National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK)	6.43%	★★★★★☆
Emaar Properties PJSC (DFM:EMAAR)	7.19%	★★★★★☆
Delek Group (TASE:DLEKG)	6.80%	★★★★★☆
Arab National Bank (SASE:1080)	5.86%	★★★★★☆
Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT)	6.35%	★★★★★☆

Below we spotlight a couple of our favorites from our exclusive screener.

Ford Otomotiv Sanayi (IBSE:FROTO)

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

Overview: Ford Otomotiv Sanayi A.S. is involved in the manufacture, assembly, import, export, and sale of motor vehicles and spare parts mainly in Turkey, with a market cap of TRY365.30 billion.

Operations: Ford Otomotiv Sanayi A.S. generates revenue primarily from the manufacturing and sale of motor vehicles, amounting to TRY634.34 billion.

Dividend Yield: 3%

Ford Otomotiv Sanayi has shown a volatile dividend history over the past decade, with payments not consistently growing. Despite this, its current dividend yield is in the top 25% of Turkish market payers. The company's low payout ratios—19.6% for earnings and 20.8% for cash flows—indicate dividends are well covered, even as profit margins have decreased from 11% to 4.8%. Recent earnings reveal increased sales but a decline in net income compared to the previous year.

Gedik Yatirim Menkul Degerler (IBSE:GEDIK)

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

Overview: Gedik Yatirim Menkul Degerler A.S. is an investment banking company operating in Turkey and internationally with a market cap of TRY13.81 billion.

Operations: Gedik Yatirim Menkul Degerler A.S. generates revenue primarily from its brokerage activity, amounting to TRY133.48 billion.

Dividend Yield: 4.1%

Gedik Yatirim Menkul Degerler's dividend yield of 4.14% ranks in the top 25% within Turkey, supported by a cash payout ratio of 64.8% and an earnings payout ratio of 85.8%, indicating dividends are well-covered by both metrics. Despite only two years of payments, dividends have grown steadily; however, the company's stock has been highly volatile recently. Recent earnings show significant growth with net income reaching TRY 976.89 million for Q2 2025 from TRY 327.18 million a year prior.

Al Rajhi Banking and Investment (SASE:1120)

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

Overview: Al Rajhi Banking and Investment Corporation, along with its subsidiaries, offers banking and investment services both within the Kingdom of Saudi Arabia and internationally, with a market cap of SAR374 billion.

Operations: Al Rajhi Banking and Investment Corporation's revenue is primarily derived from its Retail Segment at SAR18.04 billion, followed by the Corporate Segment at SAR7.47 billion, the Treasury Segment at SAR6.41 billion, and Investment Services and Brokerage Segments contributing SAR1.71 billion.

Dividend Yield: 3.1%

Al Rajhi Banking and Investment's dividend payments have been unreliable over the past decade, with volatility noted. Despite this, dividends are currently well-covered by earnings with a low payout ratio of 27.2%, projected to remain sustainable as earnings coverage is expected to be 53% in three years. The company reported strong financial performance for Q2 2025, with net income rising to SAR 6.15 billion from SAR 4.70 billion a year ago, supporting potential future dividend stability.

Where To Now?

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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.