Middle Eastern Dividend Stocks Including National Bank of Ras Al-Khaimah (P.S.C.)

The Middle Eastern stock markets have recently seen a rise, particularly in the Gulf region, as investors navigate the implications of geopolitical developments such as the UAE’s decision to exit OPEC. This dynamic environment underscores the value of dividend stocks, which can provide investors with steady income streams amid market fluctuations.

Top 10 Dividend Stocks In The Middle East

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We’ll examine a selection from our screener results.

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

Overview: The National Bank of Ras Al-Khaimah (P.S.C.) provides retail, Islamic, and commercial banking products and services in the UAE, with a market cap of AED16.66 billion.

Operations: The National Bank of Ras Al-Khaimah (P.S.C.) generates revenue through its Retail Banking segment with AED1.25 billion, Business Banking with AED1.77 billion, and Wholesale Banking contributing AED1.71 billion.

Dividend Yield: 7.6%

National Bank of Ras Al-Khaimah (P.S.C.) offers a dividend yield of 7.61%, placing it in the top 25% of AE market payers. Its payout ratio is low at 43.7%, indicating dividends are well-covered by earnings, with recent net income rising to AED 1.01 billion in Q1 2026 from AED 704 million year-on-year. However, its dividend history shows volatility and unreliability over the past decade despite some growth, raising sustainability concerns amidst forecasted earnings declines.

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

Overview: Ülker Bisküvi Sanayi A.S., along with its subsidiaries, is engaged in the manufacturing, marketing, and selling of biscuits, chocolates, chocolate-coated biscuits, wafers, and cakes both in Turkey and globally; it has a market capitalization of TRY45.35 billion.

Operations: Ülker Bisküvi Sanayi’s revenue primarily comes from its Food Processing segment, which generated TRY111.90 billion.

Dividend Yield: 6.6%

Ülker Bisküvi Sanayi’s dividend yield of 6.57% ranks in the top 25% of Turkish market payers, supported by a low payout ratio of 48.6%, ensuring coverage by earnings. However, its dividend history has been volatile over the past decade, reflecting some instability despite growth. The recent decline in net income to TRY 4.87 billion from TRY 9.69 billion last year highlights potential challenges for maintaining future payouts amid fluctuating financial performance and uncovered debt by operating cash flow.

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

Overview: Al-Babtain Power and Telecommunications Company, along with its subsidiaries, manufactures lighting poles, power transmission towers and accessories, and communication towers in Saudi Arabia and internationally, with a market cap of SAR4.20 billion.

Operations: Al-Babtain Power and Telecommunications generates revenue from four main segments: Solar Energy Sector (SAR316.93 million), Columns and Lighting (SAR554.98 million), Design, Supply and Installation (SAR438.20 million), and Towers and Metal Structures Sector (SAR1.55 billion).

Dividend Yield: 3%

Al-Babtain Power and Telecommunications offers a dividend yield of 3.02%, below the top 25% in Saudi Arabia, but maintains solid coverage with a payout ratio of 48.2% and cash payout ratio of 25%. Despite earnings growth to SAR 453.06 million, its dividend track record is unstable over the past decade, marked by volatility. The stock trades at a favorable P/E ratio of 9.3x, indicating good value compared to peers despite high debt levels.

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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:RAKBANK IBSE:ULKER and SASE:2320.

This article was originally published by Simply Wall St.

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