Middle Eastern Dividend Stocks Including Sukoon Insurance PJSC

As Middle Eastern markets experience slight gains fueled by optimism surrounding potential US-Iran peace talks, investors are cautiously optimistic about regional equities. In this environment, dividend stocks such as Sukoon Insurance PJSC can offer a measure of stability and income, making them an attractive option for those seeking to navigate the evolving geopolitical landscape.

Click here to see the full list of 55 stocks from our Top Middle Eastern Dividend Stocks screener.

Below we spotlight a couple of our favorites from our exclusive screener.

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Sukoon Insurance PJSC operates in the insurance sector across the United Arab Emirates, Sultanate of Oman, State of Qatar, England, Wales, the United Kingdom, GCC countries, and internationally with a market cap of AED2.26 billion.

Operations: Sukoon Insurance PJSC generates its revenue primarily from Life Insurance, amounting to AED164.55 million, and Non-Life Insurance, totaling AED4.88 billion.

Dividend Yield: 4.1%

Sukoon Insurance PJSC offers a mixed dividend profile with a proposed cash dividend of AED 0.25 per share for fiscal year 2025, amounting to AED 115.47 million. The dividends are well-covered by earnings and cash flows, with payout ratios of 26.5% and 13.1%, respectively, suggesting sustainability despite a history of volatility over the past decade. However, its dividend yield at 4.08% is lower than top-tier payers in the AE market, and shares remain highly illiquid.

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Cellcom Israel Ltd. offers cellular communications services in Israel and has a market cap of ₪5.65 billion.

Operations: Cellcom Israel Ltd.’s revenue is derived from its provision of cellular communications services within the Israeli market.

Dividend Yield: 7.1%

Cellcom Israel’s dividend profile is emerging, with a 7.09% yield placing it among the top 25% in the IL market. While it’s too early to assess growth or stability due to recent initiation, dividends are covered by earnings and cash flows with payout ratios of 71% and 68.7%, respectively. Despite a sales decline to ILS 4.24 billion, net income surged significantly, enhancing dividend sustainability prospects amidst trading below estimated fair value by 54.6%.

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Kafrit Industries (1993) Ltd specializes in providing customized masterbatches and compounds across various international markets, including Israel, China, Germany, Canada, the United States, and Sweden with a market cap of ₪613.98 million.

Operations: Kafrit Industries (1993) Ltd generates revenue through its provision of specialized masterbatches and compounds across diverse global markets, including Israel, China, Germany, Canada, the United States, and Sweden.

Dividend Yield: 3.3%

Kafrit Industries’ dividend payments, though covered by earnings and cash flows with payout ratios of 44% and 26.1%, have been volatile over the past decade. The recent cash dividend of ILS 0.23 is supported by a low payout ratio, yet the company’s high debt levels and declining net income to ILS 47.11 million in 2025 from ILS 71.46 million previously raise concerns about future stability despite trading below estimated fair value by approximately 49%.

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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:SUKOON TASE:CEL and TASE:KAFR.

This article was originally published by Simply Wall St.

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