The Middle Eastern stock markets have recently experienced mixed movements, with Saudi shares gaining amid hopes for a US-Iran peace deal while Qatar's market slipped due to uncertainties surrounding the same geopolitical tensions. In this context, dividend stocks like National Bank of Ras Al-Khaimah (P.S.C.) are often considered attractive for their potential to provide stable income streams, especially when markets face volatility and unpredictability.

Top 10 Dividend Stocks In The Middle East

Name	Dividend Yield	Dividend Rating
Turkiye Garanti Bankasi (IBSE:GARAN)	3.57%	★★★★★☆
Saudi Investment Bank (SASE:1030)	5.99%	★★★★★☆
National General Insurance (P.J.S.C.) (DFM:NGI)	7.73%	★★★★★☆
Matrix IT (TASE:MTRX)	3.87%	★★★★★☆
Emirates Insurance Company P.J.S.C (ADX:EIC)	8.31%	★★★★★★
Emaar Properties PJSC (DFM:EMAAR)	8.49%	★★★★★☆
Computer Direct Group (TASE:CMDR)	5.40%	★★★★★☆
Arab National Bank (SASE:1080)	6.11%	★★★★★☆
Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT)	8.01%	★★★★★☆
Akbank T.A.S (IBSE:AKBNK)	3.44%	★★★★★☆

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

National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK)

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

Overview: The National Bank of Ras Al-Khaimah (P.S.C.) offers retail, Islamic, and commercial banking services in the UAE and has a market cap of AED17.70 billion.

Operations: The National Bank of Ras Al-Khaimah (P.S.C.) generates revenue through its Retail Banking segment with AED1.25 billion, Business Banking at AED1.77 billion, and Wholesale Banking contributing AED1.71 billion.

Dividend Yield: 7.2%

RAKBANK's dividend yield of 7.16% ranks in the top 25% of AE market payers, but its dividend history is volatile, with past fluctuations over 20%. Despite a low payout ratio of 43.7%, ensuring dividends are covered by earnings, future sustainability remains uncertain due to forecasted earnings decline. Recent Q1 results show net income growth to AED 1 billion from AED 704 million year-on-year, reflecting strong performance despite concerns about long-term reliability.

Saudia Dairy & Foodstuff (SASE:2270)

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

Overview: Saudia Dairy & Foodstuff Company, with a market cap of SAR7.08 billion, produces and distributes dairy products, beverages, and various foodstuffs in 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: 7.2%

Saudia Dairy & Foodstuff's dividend yield of 7.16% is among the top 25% in the Saudi Arabian market, with a stable and reliable history over the past decade. However, its dividends are not well covered by earnings or cash flows, evidenced by a high payout ratio of 115.1%. Recent Q1 results show decreased net income to SAR 82.03 million from SAR 126.11 million year-on-year, highlighting potential sustainability concerns despite historical growth and stability in payouts.

Amir Marketing and Investments in Agriculture (TASE:AMRK)

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

Overview: Amir Marketing and Investments in Agriculture Ltd, with a market cap of ₪505.48 million, operates through its subsidiaries to supply and market agricultural inputs in Israel.

Operations: Amir Marketing and Investments in Agriculture Ltd generates revenue through its subsidiaries by supplying and marketing agricultural inputs in Israel.

Dividend Yield: 3.1%

Amir Marketing and Investments in Agriculture has shown solid earnings growth, with a 14.7% increase over the past year. Its dividend payments are well-supported by earnings (payout ratio: 29.8%) and cash flows (cash payout ratio: 53.2%). Despite this, the dividend yield of 3.12% is below top-tier levels in the IL market, and its dividend history has been volatile and unreliable over the last decade, raising concerns about future stability despite recent financial improvements.

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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.