As most Gulf markets continue to rise, with Dubai’s main index reaching its highest level in over 17 years, investors are increasingly eyeing opportunities within the Middle East’s dynamic economic landscape. In such a robust market environment, dividend stocks can offer a compelling strategy for those seeking stable income and potential growth.
Name
Dividend Yield
Dividend Rating
Saudi Telecom (SASE:7010)
9.77%
★★★★★☆
Saudi National Bank (SASE:1180)
5.84%
★★★★★☆
Saudi Awwal Bank (SASE:1060)
6.19%
★★★★★☆
National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK)
7.40%
★★★★★☆
Emirates NBD Bank PJSC (DFM:EMIRATESNBD)
4.52%
★★★★★☆
Emaar Properties PJSC (DFM:EMAAR)
7.49%
★★★★★☆
Delek Group (TASE:DLEKG)
8.08%
★★★★★☆
Commercial Bank of Dubai PSC (DFM:CBD)
5.77%
★★★★★☆
Arab National Bank (SASE:1080)
6.04%
★★★★★☆
Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT)
7.92%
★★★★★☆
Click here to see the full list of 72 stocks from our Top Middle Eastern Dividend Stocks screener.
Let’s uncover some gems from our specialized screener.
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: EIS Eczacibasi Ilaç, Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A.S. operates in the health and real estate development sectors both in Turkey and internationally, with a market capitalization of TRY32.10 billion.
Operations: EIS Eczacibasi Ilaç, Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A.S. generates revenue through its operations in the health and real estate development sectors across Turkey and international markets.
Dividend Yield: 3.7%
EIS Eczacibasi Ilaç’s dividend payments have grown over the past decade, with a recent annual increase to TRY 1.75 per share. However, dividends have been volatile and not consistently covered by free cash flows, as evidenced by a high cash payout ratio of 94%. Despite a competitive dividend yield of 3.74%, profitability challenges persist with declining profit margins and fluctuating earnings, impacting long-term dividend sustainability.
IBSE:ECILC Dividend History as at Jun 2025
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Turkiye Garanti Bankasi A.S. offers a range of banking products and services in Turkey, with a market cap of TRY485.94 billion.
Operations: Turkiye Garanti Bankasi A.S. generates revenue from diverse banking products and services in Turkey.
Dividend Yield: 3.8%
Turkiye Garanti Bankasi’s dividends are well-covered by earnings, with a low payout ratio of 20.2%, and projected to remain sustainable over the next three years. Despite a high level of bad loans at 2.1%, its dividend yield is among the top in Turkey’s market, though past payments have been volatile and unreliable. The stock trades below estimated fair value, with analysts expecting price growth, supported by increasing earnings reported at TRY 25.10 billion for Q1 2025.
IBSE:GARAN Dividend History as at Jun 2025
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Yapi ve Kredi Bankasi A.S. operates as a commercial bank offering a range of financial products and services in Turkey and internationally, with a market cap of TRY232.97 billion.
Operations: Yapi ve Kredi Bankasi A.S. generates its revenue from several segments, including Retail Banking (Incl. Private Banking and Wealth Management) at TRY86.38 billion, Treasury, Asset Liability Management and Other at TRY61.59 billion, Commercial and SME Banking at TRY54.40 billion, Corporate Banking at TRY18.85 billion, Other Domestic Operations at TRY14.79 billion, and Other Foreign Operations at TRY5.52 billion.
Dividend Yield: 4.4%
Yapi ve Kredi Bankasi’s dividends are well-supported by a low payout ratio of 24.5%, ensuring sustainability despite past volatility and unreliability in payments. The bank’s dividend yield is among the top 25% in Turkey, although it faces challenges with a high bad loans ratio of 3.2%. Recent earnings show an increase in net interest income to TRY 29.87 billion for Q1 2025, indicating potential for future growth amidst current market conditions.
IBSE:YKBNK Dividend History as at Jun 2025
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 IBSE:ECILC IBSE:GARAN and IBSE:YKBNK.
This article was originally published by Simply Wall St.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]
