As Gulf markets navigate a mixed landscape influenced by corporate earnings and U.S. inflation data, investors are keenly observing how monetary policy shifts in the U.S. could impact regional indices, particularly given the currency pegs to the dollar. In such an environment, dividend stocks can offer stability and income potential, making them an attractive consideration for those looking to balance risk with reliable returns amidst fluctuating market conditions.
|
Name |
Dividend Yield |
Dividend Rating |
|
Saudi Telecom (SASE:7010) |
9.99% |
★★★★★☆ |
|
Saudi National Bank (SASE:1180) |
5.56% |
★★★★★☆ |
|
Saudi Awwal Bank (SASE:1060) |
6.20% |
★★★★★☆ |
|
Riyad Bank (SASE:1010) |
6.49% |
★★★★★☆ |
|
National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) |
6.10% |
★★★★★☆ |
|
Emirates NBD Bank PJSC (DFM:EMIRATESNBD) |
3.80% |
★★★★★☆ |
|
Emaar Properties PJSC (DFM:EMAAR) |
6.60% |
★★★★★☆ |
|
Commercial Bank of Dubai PSC (DFM:CBD) |
5.12% |
★★★★★☆ |
|
Arab National Bank (SASE:1080) |
6.00% |
★★★★★☆ |
|
Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) |
6.94% |
★★★★★☆ |
Click here to see the full list of 72 stocks from our Top Middle Eastern Dividend Stocks screener.
Let’s explore several standout options from the results in the screener.
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: OYAK Çimento Fabrikalari A.S., along with its subsidiaries, is involved in the production and sale of clinker and cement in Turkey, with a market capitalization of TRY11.91 billion.
Operations: OYAK Çimento Fabrikalari A.S. generates its revenue primarily through the production and sale of clinker and cement in Turkey.
Dividend Yield: 4.1%
OYAK Çimento Fabrikalari’s dividend yield of 4.08% ranks in the top 25% of Turkish market payers, yet it faces challenges. Despite a reasonable payout ratio of 69%, dividends aren’t covered by free cash flows and have been volatile over the past decade. Recent earnings show a slight decline, with second-quarter net income at TRY 2.56 billion compared to TRY 2.84 billion last year, raising concerns about dividend sustainability amidst fluctuating profits and high non-cash earnings.
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Saudi Awwal Bank, along with its subsidiaries, offers banking and financial services in the Kingdom of Saudi Arabia, with a market cap of SAR66.33 billion.
Operations: Saudi Awwal Bank generates revenue through several segments, including Treasury (SAR2.05 billion), Capital Markets (SAR429.19 million), Wealth & Personal Banking (SAR4.08 billion), and Corporate and Institutional Banking (SAR7.08 billion).
