Amidst geopolitical tensions and economic uncertainties, most Gulf markets have recently experienced a downturn, with indices in Saudi Arabia and Qatar slipping due to renewed concerns over regional conflicts. In such volatile times, dividend stocks can offer a measure of stability by providing consistent income streams, making them an attractive option for investors looking to navigate the current market landscape.

Top 10 Dividend Stocks In The Middle East

Name	Dividend Yield	Dividend Rating
Yeni Gimat Gayrimenkul Yatirim Ortakligi (IBSE:YGGYO)	3.11%	★★★★★★
Turkiye Garanti Bankasi (IBSE:GARAN)	3.57%	★★★★★☆
National General Insurance (P.J.S.C.) (DFM:NGI)	7.91%	★★★★★☆
Matrix IT (TASE:MTRX)	4.00%	★★★★★☆
Emirates Insurance Company P.J.S.C (ADX:EIC)	8.31%	★★★★★★
Emaar Properties PJSC (DFM:EMAAR)	8.65%	★★★★★☆
Dubai Insurance Company (P.S.C.) (DFM:DIN)	5.88%	★★★★★☆
Computer Direct Group (TASE:CMDR)	5.36%	★★★★★☆
Arab National Bank (SASE:1080)	6.21%	★★★★★☆
Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT)	7.81%	★★★★★☆

Let's explore several standout options from the results in the screener.

Torunlar Gayrimenkul Yatirim Ortakligi (IBSE:TRGYO)

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

Overview: Torunlar Gayrimenkul Yatirim Ortakligi A.S. operates in the real estate sector, focusing on property development and investment, with a market cap of TRY92.25 billion.

Operations: Torunlar Gayrimenkul Yatirim Ortakligi A.S. generates revenue through various segments, including residential and office projects like the 5. Levent Project (TRY4.81 billion), and numerous office for rent and shopping mall properties such as Mall of Istanbul AVM (TRY4.30 billion), Korupark AVM (TRY1.90 billion), Ankamall and Hotel (Yeni Gimat) (TRY912.13 million), Torium AVM (TRY883.09 million), Mall of Antalya (TRY861.46 million), Antalya Deepo AVM (TRY554 million), Zafer Plaza AVM (TRY395.27 million), and others, with additional contributions from affiliates like TTA and associates such as Netsel.

Dividend Yield: 5.4%

Torunlar Gayrimenkul Yatirim Ortakligi's dividend payments are well-supported by both earnings and cash flows, with a payout ratio of 33.2% and a cash payout ratio of 37.3%. Despite only three years of dividend history, the company recently increased its annual dividend to TRY 5 per share. The stock offers a competitive yield in the Turkish market and is trading significantly below estimated fair value, suggesting potential for capital appreciation alongside income generation.

Saudi Awwal Bank (SASE:1060)

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

Overview: Saudi Awwal Bank, with a market cap of SAR69.90 billion, offers banking and financial services in the Kingdom of Saudi Arabia through its subsidiaries.

Operations: Saudi Awwal Bank's revenue segments include Treasury at SAR1.90 billion, Capital Markets at SAR447.32 million, Wealth & Personal Banking at SAR4.16 billion, and Corporate and Institutional Banking at SAR7.26 billion.

Dividend Yield: 5.9%

Saudi Awwal Bank's dividend payments have been volatile over the past decade, but they are currently covered by earnings with a payout ratio of 53%. The bank recently approved a SAR 2.06 billion dividend distribution for the second half of fiscal year 2025, at SAR 1 per share. Despite its lower-than-top-tier yield in Saudi Arabia, it trades at a favorable P/E ratio of 9x compared to the market average, indicating potential value.

Arab National Bank (SASE:1080)

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

Overview: Arab National Bank offers a range of banking products and services across the Kingdom of Saudi Arabia, other GCC countries, the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally with a market cap of SAR42 billion.

Operations: Arab National Bank's revenue is primarily derived from Corporate Banking (SAR3.90 billion), Retail Banking (SAR3.49 billion), Treasury (SAR1.54 billion), and Investment and Brokerage Services (SAR511.92 million).

Dividend Yield: 6.2%

Arab National Bank's dividend yield of 6.21% places it in the top 25% of payers in the Saudi market, with a sustainable payout ratio of 51.9%. However, its dividend history has been volatile over the past decade. The bank trades at a favorable P/E ratio of 8.4x compared to the market average, suggesting good relative value. Recent earnings showed net income growth to SAR 1.36 billion for Q1 2026, despite a slight dip in EPS from last year.

Key Takeaways

• Dive into all 64 of the Top Middle Eastern Dividend Stocks we have identified here.
• Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio's performance.
• Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free.

Ready For A Different Approach?

• 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.