Middle Eastern Dividend Stocks Including Dubai Refreshment (P.J.S.C.) And Two More Top Picks
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Middle Eastern Dividend Stocks Including Dubai Refreshment (P.J.S.C.) And Two More Top Picks
07 mins
The Middle Eastern stock markets have recently faced downward pressure, with Gulf bourses experiencing declines due to regional conflicts, notably impacting indices in Dubai and Abu Dhabi. Despite these challenges, investors continue to seek opportunities within the region’s dividend stocks, which can offer stable income streams even amidst market volatility.
Top 10 Dividend Stocks In The Middle East
Name
Dividend Yield
Dividend Rating
Yeni Gimat Gayrimenkul Yatirim Ortakligi (IBSE:YGGYO)
3.12%
★★★★★★
Turkiye Garanti Bankasi (IBSE:GARAN)
3.39%
★★★★★☆
Saudi Investment Bank (SASE:1030)
6.10%
★★★★★☆
National General Insurance (P.J.S.C.) (DFM:NGI)
7.96%
★★★★★☆
Emirates Insurance Company P.J.S.C (ADX:EIC)
7.89%
★★★★★★
Emaar Properties PJSC (DFM:EMAAR)
8.90%
★★★★★☆
Dubai Insurance Company (P.S.C.) (DFM:DIN)
5.88%
★★★★★☆
Computer Direct Group (TASE:CMDR)
5.63%
★★★★★☆
Arab National Bank (SASE:1080)
6.23%
★★★★★☆
Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT)
Let’s take a closer look at a couple of our picks from the screened companies.
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Dubai Refreshment (P.J.S.C.) is a food and beverage manufacturing and distribution company operating in the United Arab Emirates and internationally, with a market cap of AED2.14 billion.
Operations: Dubai Refreshment (P.J.S.C.) generates its revenue primarily through the manufacturing and distribution of food and beverages within the United Arab Emirates and on an international scale.
Dividend Yield: 4.6%
Dubai Refreshment (P.J.S.C.) has shown a volatile dividend history over the past decade, with payments not consistently growing. Its current dividend yield of 4.63% is below the top quartile in the AE market. Despite this, dividends are covered by earnings and cash flows with payout ratios of 61.3% and 71.5%, respectively, suggesting sustainability in payouts. Recent Q1 earnings showed increased net income to AED 39.92 million from AED 30.17 million year-over-year, reflecting potential for future stability amidst past volatility concerns.
DFM:DRC Dividend History as at May 2026
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Banque Saudi Fransi offers banking and financial services to individuals and businesses both within the Kingdom of Saudi Arabia and internationally, with a market cap of SAR48.31 billion.
Operations: Banque Saudi Fransi’s revenue is primarily derived from its Treasury segment at SAR2.58 billion, Retail Banking at SAR3.39 billion, Corporate Banking at SAR3.00 billion, and Investment Banking & Brokerage at SAR681.32 million.
Dividend Yield: 5.5%
Banque Saudi Fransi’s dividend sustainability is supported by a reasonable payout ratio of 53.5%, indicating dividends are covered by earnings. However, its dividend track record has been volatile over the past decade, despite recent growth in net income to SAR 1.38 billion for Q1 2026. Trading at a favorable price-to-earnings ratio of 9.8x compared to the Saudi market average, it presents good relative value but offers a lower yield than top-tier payers in the region.
SASE:1050 Dividend History as at May 2026
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Mouwasat Medical Services Company operates hospitals, medical centers, drug stores, and pharmacies in Saudi Arabia and has a market cap of SAR13.03 billion.
Operations: Mouwasat Medical Services Company generates revenue through its Pharmaceuticals segment, which accounts for SAR498.22 million, and its Medical Services segment, contributing SAR2.79 billion.
Dividend Yield: 3.4%
Mouwasat Medical Services demonstrates a stable dividend history with consistent growth over the past decade. Its payout ratio of 51.5% indicates dividends are well-covered by earnings, while a cash payout ratio of 66.7% shows sustainability from cash flows. Despite offering a lower yield than top-tier payers in Saudi Arabia at 3.44%, its recent net income increase to SAR 201.01 million for Q1 2026 underscores potential for continued financial health and dividend reliability.
SASE:4002 Dividend History as at May 2026
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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 DFM:DRC SASE:1050 and SASE:4002.
This article was originally published by Simply Wall St.
