As Gulf markets show gains ahead of corporate earnings, investors are closely watching the impact of U.S.-Iran developments and fluctuating oil prices on regional economies. In this dynamic environment, dividend stocks can offer a measure of stability and income potential, making them an appealing option for those looking to navigate the current market conditions.

Top 10 Dividend Stocks In The Middle East

Name	Dividend Yield	Dividend Rating
Yeni Gimat Gayrimenkul Yatirim Ortakligi (IBSE:YGGYO)	3.08%	★★★★★☆
Turkiye Garanti Bankasi (IBSE:GARAN)	3.28%	★★★★★☆
Saudi Awwal Bank (SASE:1060)	6.20%	★★★★★☆
National General Insurance (P.J.S.C.) (DFM:NGI)	7.69%	★★★★★☆
Matrix IT (TASE:MTRX)	3.96%	★★★★★☆
Emirates Insurance Company P.J.S.C (ADX:EIC)	7.41%	★★★★★★
Emaar Properties PJSC (DFM:EMAAR)	8.25%	★★★★★☆
Dubai Insurance Company (P.S.C.) (DFM:DIN)	5.88%	★★★★★☆
Arab National Bank (SASE:1080)	6.22%	★★★★★☆
Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT)	8.02%	★★★★★☆

Let's dive into some prime choices out of the screener.

Sharjah Cement and Industrial Development (PJSC) (ADX:SCIDC)

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

Overview: Sharjah Cement and Industrial Development (PJSC) operates in the production and distribution of cement and related products, with a market cap of AED723.82 million.

Operations: Sharjah Cement and Industrial Development (PJSC) generates revenue primarily from its manufacturing segment, amounting to AED832.47 million.

Dividend Yield: 8.4%

Sharjah Cement and Industrial Development Co. (PJSC) offers a high dividend yield of 8.4%, placing it in the top 25% of AE market dividend payers, though it's not well covered by free cash flows. Despite its low P/E ratio of 5.7x suggesting good value, dividends have been volatile and unreliable over the past decade. Recent earnings growth is strong, with Q1 sales at AED 227.87 million and net income rising significantly year-on-year to AED 37.49 million.

Saudia Dairy & Foodstuff (SASE:2270)

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

Overview: Saudia Dairy & Foodstuff Company, with a market cap of SAR6.99 billion, produces and distributes dairy products, beverages, and various foodstuffs in the Kingdom of Saudi Arabia, Poland, other Gulf countries, and internationally.

Operations: Saudia Dairy & Foodstuff Company's revenue is comprised of SAR1.63 billion from drinks and SAR1.37 billion from non-drinks segments.

Dividend Yield: 7.3%

Saudia Dairy & Foodstuff Co. provides a dividend yield of 7.28%, ranking it among the top 25% of dividend payers in Saudi Arabia, yet its dividends are not well covered by earnings or free cash flows, with a high payout ratio of 115.1%. Despite stable and reliable dividends over the past decade, recent financials show declining sales and net income for Q1 2026 at SAR 737.6 million and SAR 82.03 million respectively, impacting sustainability concerns.

Kafrit Industries (1993) (TASE:KAFR)

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

Overview: Kafrit Industries (1993) Ltd specializes in providing customized masterbatches, compounds, and additives across various international markets including Israel, China, Germany, Canada, the United States, and Sweden with a market cap of ₪550.80 million.

Operations: Kafrit Industries (1993) Ltd generates its revenue from several regions, with Asia contributing ₪223.14 million, Europe ₪476.91 million, Israel ₪259.78 million, and North America ₪365.91 million.

Dividend Yield: 3.7%

Kafrit Industries' dividend yield of 3.73% is below the top tier in the IL market, and its dividends have been volatile over the past decade. Despite this, dividends are well covered by earnings and cash flows with payout ratios of 46.7% and 38.3%, respectively, indicating sustainability in payments. However, a high debt level poses financial risk. Recent Q1 2026 results show stable sales at ILS 334.35 million but a slight decline in net income to ILS 12.96 million year-over-year.

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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.