As geopolitical tensions escalate across the Middle East, most Gulf markets have seen declines, with investors remaining cautious amid rising oil prices and global inflation concerns. In such a volatile environment, dividend stocks can offer stability through consistent income streams, making them an attractive option for those looking to navigate uncertain market conditions.

Top 10 Dividend Stocks In The Middle East

Name	Dividend Yield	Dividend Rating
Yeni Gimat Gayrimenkul Yatirim Ortakligi (IBSE:YGGYO)	3.20%	★★★★★★
Turkiye Garanti Bankasi (IBSE:GARAN)	3.46%	★★★★★☆
Saudi Awwal Bank (SASE:1060)	6.24%	★★★★★☆
National General Insurance (P.J.S.C.) (DFM:NGI)	7.76%	★★★★★☆
Matrix IT (TASE:MTRX)	4.05%	★★★★★☆
Emirates Insurance Company P.J.S.C (ADX:EIC)	7.41%	★★★★★★
Emaar Properties PJSC (DFM:EMAAR)	8.62%	★★★★★☆
Computer Direct Group (TASE:CMDR)	5.93%	★★★★★☆
Arab National Bank (SASE:1080)	6.14%	★★★★★☆
Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT)	8.35%	★★★★★☆

Let's review some notable picks from our screened stocks.

Abu Dhabi National Hotels Company PJSC (ADX:ADNH)

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

Overview: Abu Dhabi National Hotels Company PJSC operates by owning and managing hotels in the United Arab Emirates, with a market capitalization of AED5.10 billion.

Operations: Abu Dhabi National Hotels Company PJSC generates revenue through its segments, including AED1.53 billion from hotels, AED1.80 billion from catering services, and AED229.20 million from transport services.

Dividend Yield: 7.4%

Abu Dhabi National Hotels Company PJSC offers a high dividend yield of 7.41%, ranking in the top 25% of payers in the AE market. While its payout ratio is low at 36.5%, indicating coverage by earnings, its cash payout ratio is high at 105.1%, suggesting dividends aren't well covered by cash flows. Recent earnings show a decline in net income to AED 96.29 million, highlighting potential sustainability concerns for future dividends amidst volatile payments and share price fluctuations.

Alinma Bank (SASE:1150)

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

Overview: Alinma Bank offers banking and investment services in the Kingdom of Saudi Arabia, with a market capitalization of SAR73.26 billion.

Operations: Alinma Bank's revenue is primarily derived from its Retail segment at SAR5.42 billion, followed by Corporate Banking at SAR2.50 billion, Treasury at SAR2.04 billion, and Investment and Brokerage services contributing SAR1.14 billion.

Dividend Yield: 4.1%

Alinma Bank's dividend payments are covered by earnings with a payout ratio of 51.8%, expected to improve to 42% in three years, despite a history of volatility. The bank recently redeemed SAR 5 billion in Tier 1 Sukuk, reflecting strong capital management. However, its dividend yield of 4.1% is below the top quartile in Saudi Arabia, and its dividends have been unreliable over the past decade despite growth in earnings and revenue forecasts.

Tigbur Group (TASE:TIGBUR)

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

Overview: Tigbur Group Ltd operates in Israel, offering personnel and nursing services, with a market cap of ₪584.16 million.

Operations: Tigbur Group Ltd generates revenue through its personnel and nursing services in Israel.

Dividend Yield: 3.1%

Tigbur Group's dividend payments are reasonably covered by earnings and cash flows, with payout ratios of 51.6% and 37.2%, respectively. Despite a history of volatility, dividends have increased over the past decade. Recent earnings showed slight declines, with Q1 net income at ILS 9.35 million compared to last year's ILS 9.76 million, but sales remained stable at ILS 358.65 million. The dividend yield is relatively low at 3.07%, below market leaders in Israel.

Where To Now?

• Get an in-depth perspective on all 71 Top Middle Eastern Dividend Stocks by using our screener here.
• Invested in any of these stocks? Simplify your portfolio management with Simply Wall St and stay ahead with our alerts for any critical updates on your stocks.
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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.