Top Middle Eastern Dividend Stocks For December 2025
As Gulf markets continue to rise, driven by increasing oil prices and the anticipation of U.S. Federal Reserve rate cuts, investors are closely monitoring opportunities in dividend stocks for stable income amid fluctuating economic conditions. In this dynamic environment, a good dividend stock is characterized by strong fundamentals and consistent payout history, making it an attractive choice for those seeking reliable returns in the Middle Eastern market.
Top 10 Dividend Stocks In The Middle East
| Name | Dividend Yield | Dividend Rating |
| Yeni Gimat Gayrimenkul Yatirim Ortakligi (IBSE:YGGYO) | 5.58% | ★★★★★★ |
| Saudi Awwal Bank (SASE:1060) | 6.15% | ★★★★★☆ |
| Riyad Bank (SASE:1010) | 6.58% | ★★★★★☆ |
| National General Insurance (P.J.S.C.) (DFM:NGI) | 7.75% | ★★★★★☆ |
| National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) | 6.41% | ★★★★★☆ |
| Göltas Göller Bölgesi Cimento Sanayi ve Ticaret (IBSE:GOLTS) | 3.53% | ★★★★★☆ |
| Emaar Properties PJSC (DFM:EMAAR) | 7.02% | ★★★★★☆ |
| Commercial Bank of Dubai PSC (DFM:CBD) | 5.30% | ★★★★★☆ |
| Arab National Bank (SASE:1080) | 6.00% | ★★★★★☆ |
| Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) | 5.51% | ★★★★★☆ |
Click here to see the full list of 58 stocks from our Top Middle Eastern Dividend Stocks screener.
Let's review some notable picks from our screened stocks.
R.A.K. Ceramics P.J.S.C (ADX:RAKCEC)
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: R.A.K. Ceramics P.J.S.C. manufactures and sells a range of ceramic products across the Middle East, Europe, Asia, and internationally with a market cap of AED2.54 billion.
Operations: R.A.K. Ceramics P.J.S.C. generates revenue primarily from Ceramic Products (AED3.26 billion), followed by Faucets (AED565.93 million), and Other Industrial segments (AED201.35 million).
Dividend Yield: 7.8%
R.A.K. Ceramics P.J.S.C. offers a dividend yield of 7.81%, placing it in the top 25% of AE market dividend payers, yet its dividend history is unstable and unreliable over the past decade with volatile payments. Despite this, current dividends are covered by earnings (83.7%) and cash flows (82.3%). The company trades at 9.9% below its estimated fair value but faces high debt levels, requiring careful consideration for long-term sustainability amidst recent modest earnings growth.
- Dive into the specifics of R.A.K. Ceramics P.J.S.C here with our thorough dividend report.
- Our expertly prepared valuation report R.A.K. Ceramics P.J.S.C implies its share price may be lower than expected.
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 SAR61 billion.
Operations: Alinma Bank's revenue is primarily derived from its Retail segment at SAR5.41 billion, Corporate Banking at SAR2.16 billion, Treasury services at SAR1.89 billion, and Investment and Brokerage activities contributing SAR1.06 billion.
Dividend Yield: 4.9%
Alinma Bank's dividend yield of 4.92% is below the top 25% in the Saudi Arabian market, but dividends are covered by earnings with a payout ratio of 51.8%. Despite an unstable dividend history, recent announcements affirm a SAR 0.30 per share quarterly dividend. Earnings have shown consistent growth, with Q3 net income rising to SAR 1.59 billion from SAR 1.57 billion year-over-year, supporting future dividend sustainability amidst forecasted revenue growth of 10.23% annually.
- Delve into the full analysis dividend report here for a deeper understanding of Alinma Bank.
- Our valuation report unveils the possibility Alinma Bank's shares may be trading at a premium.
Saudi National Bank (SASE:1180)
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: The Saudi National Bank, with a market cap of SAR221.06 billion, operates through its subsidiaries to offer banking and investment management services both within the Kingdom of Saudi Arabia and internationally.
Operations: The Saudi National Bank generates its revenue from several segments, including Retail (SAR16.00 billion), Wholesale (SAR18.06 billion), International (SAR1.75 billion), and Capital Market services (SAR2.32 billion).
Dividend Yield: 5.4%
Saudi National Bank's dividend yield of 5.37% is slightly below the top 25% in the Saudi market, with dividends covered by a payout ratio of 51.3%. Although past dividends have been volatile, they are forecast to remain sustainable. Recent earnings growth, with Q3 net income rising to SAR 6.47 billion from SAR 5.37 billion year-over-year, enhances future dividend potential. The company completed a share buyback worth SAR 582.35 million, potentially strengthening shareholder value amidst ongoing legal challenges resolved favorably for the bank.
- Get an in-depth perspective on Saudi National Bank's performance by reading our dividend report here.
- Our valuation report unveils the possibility Saudi National Bank's shares may be trading at a discount.
Turning Ideas Into Actions
- Get an in-depth perspective on all 58 Top Middle Eastern Dividend Stocks by using our screener here.
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Ready To Venture Into Other Investment Styles?
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- Find companies with promising cash flow potential yet trading below their fair value.
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.
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