As most Gulf markets have recently finished higher, despite cautious trading due to U.S.-Iran uncertainties, the Middle Eastern stock market is demonstrating resilience bolstered by strong local fundamentals and strategic national initiatives. In this environment, dividend stocks can provide a stable income stream and potential growth opportunities for investors looking to navigate geopolitical uncertainties while capitalizing on regional economic strengths.
Top 10 Dividend Stocks In The Middle East
|
Name |
Dividend Yield |
Dividend Rating |
|
Turkiye Garanti Bankasi (IBSE:GARAN) |
3.21% |
★★★★★☆ |
|
Saudi Investment Bank (SASE:1030) |
5.97% |
★★★★★☆ |
|
National General Insurance (P.J.S.C.) (DFM:NGI) |
7.79% |
★★★★★☆ |
|
Matrix IT (TASE:MTRX) |
3.83% |
★★★★★☆ |
|
Emirates Insurance Company P.J.S.C (ADX:EIC) |
7.89% |
★★★★★★ |
|
Emaar Properties PJSC (DFM:EMAAR) |
8.00% |
★★★★★☆ |
|
Dubai Insurance Company (P.S.C.) (DFM:DIN) |
5.88% |
★★★★★☆ |
|
Arab National Bank (SASE:1080) |
5.90% |
★★★★★☆ |
|
Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) |
5.23% |
★★★★★☆ |
|
Anadolu Anonim Türk Sigorta Sirketi (IBSE:ANSGR) |
3.66% |
★★★★★☆ |
Click here to see the full list of 55 stocks from our Top Middle Eastern Dividend Stocks screener.
Here’s a peek at a few of the choices from the screener.
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Sharjah Islamic Bank PJSC operates in banking, financing, and investing activities within the United Arab Emirates, with a market capitalization of AED9.51 billion.
Operations: Sharjah Islamic Bank PJSC generates revenue from several segments, including Retail (AED214.99 million), Investment and Treasury (AED974.81 million), Government and Corporate (AED671.17 million), and Hospitality, Brokerage, and Real Estate (AED511.86 million).
Dividend Yield: 6.8%
Sharjah Islamic Bank PJSC offers a dividend yield of 6.8%, placing it in the top 25% of dividend payers in the AE market. Despite its attractive yield, the bank’s dividend payments have been volatile over the past decade and are not consistently reliable. The bank’s payout ratio is reasonable at 48.5%, suggesting dividends are well covered by earnings, though concerns exist due to high non-performing loans (3.5%) and low allowance for bad loans (93%). Recent earnings growth has been strong, with net income increasing to AED 380.67 million in Q1 2026 from AED 318.93 million a year ago, but future sustainability remains uncertain amid ongoing capital restructuring efforts through a substantial equity offering of AED 2.59 billion aimed at increasing share capital to AED 4.31 billion.
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Commercial Bank of Dubai PSC offers commercial and retail banking services in the United Arab Emirates with a market cap of AED27.14 billion.
Operations: Commercial Bank of Dubai PSC generates its revenue primarily from commercial and retail banking services in the United Arab Emirates.
Dividend Yield: 6.4%
Commercial Bank of Dubai PSC provides a stable dividend yield of 6.45% with reliable payments over the past decade, backed by a reasonable payout ratio of 51.9%. However, its dividend yield is slightly below the top tier in the AE market. The bank’s net interest income and net income remained steady in Q1 2026 compared to last year, but concerns arise from high non-performing loans at 4.1% and a low bad loan allowance at 97%.
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Çelebi Hava Servisi A.S. offers ground handling and cargo warehouse services to both domestic and international airlines, as well as private air cargo companies in Turkey, with a market cap of TRY45.66 billion.
Operations: Çelebi Hava Servisi A.S. generates revenue primarily from Airport Ground Services, including ground handling services, amounting to TRY14.77 billion, and Cargo and Warehouse Services totaling TRY6.81 billion.
Dividend Yield: 5.5%
Çelebi Hava Servisi’s dividend yield of 5.48% ranks in the top 25% within the Turkish market, but its dividends have been unstable over the past decade, with significant volatility and recent decreases. While earnings grew by 20.3% last year, high non-cash earnings and a cash payout ratio of 221.7% indicate dividends are not well covered by cash flows. Recent financials show sales increased to TRY 18.23 billion, with net income slightly rising to TRY 3.64 billion.
Seize The Opportunity
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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.
Companies discussed in this article include ADX:SIB DFM:CBD and IBSE:CLEBI.
This article was originally published by Simply Wall St.
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