Middle Eastern Dividend Stocks To Consider In May 2026

As Gulf markets experience gains driven by strong corporate earnings and optimism surrounding a potential U.S.-Iran peace deal, investors are increasingly focusing on dividend stocks as a reliable source of income amidst fluctuating oil prices. In this environment, selecting dividend stocks with solid financial performance and resilience to geopolitical tensions becomes crucial for those looking to benefit from the region's economic momentum.

Top 10 Dividend Stocks In The Middle East

Name Dividend Yield Dividend Rating Turkiye Garanti Bankasi (IBSE:GARAN) 3.19% ★★★★★☆ Turkcell Iletisim Hizmetleri (IBSE:TCELL) 3.07% ★★★★★☆ Saudi Investment Bank (SASE:1030) 5.97% ★★★★★☆ National General Insurance (P.J.S.C.) (DFM:NGI) 7.73% ★★★★★☆ Matrix IT (TASE:MTRX) 3.62% ★★★★★☆ Emirates Insurance Company P.J.S.C (ADX:EIC) 7.89% ★★★★★★ Emaar Properties PJSC (DFM:EMAAR) 8.05% ★★★★★☆ Dubai Insurance Company (P.S.C.) (DFM:DIN) 5.88% ★★★★★☆ Arab National Bank (SASE:1080) 6.17% ★★★★★☆ Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) 5.04% ★★★★★☆

Click here to see the full list of 57 stocks from our Top Middle Eastern Dividend Stocks screener.

Let's explore several standout options from the results in the screener.

R.A.K. Ceramics P.J.S.C

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

Overview: R.A.K. Ceramics P.J.S.C. manufactures and sells ceramic products across the United Arab Emirates, Europe, India, Saudi Arabia, Bangladesh, and other international markets with a market cap of AED2.41 billion.

Operations: R.A.K. Ceramics P.J.S.C.'s revenue is primarily derived from Ceramic Products, generating AED3.19 billion, and Faucets, contributing AED584.14 million, along with Other Industrial activities at AED212.58 million.

Dividend Yield: 8.2%

R.A.K. Ceramics P.J.S.C. recently affirmed a cash dividend of AED 99.37 million (10 fils per share) for the second half of 2025, reflecting a dividend yield in the top 25% within the AE market. Despite a high payout ratio (81.5%) and cash payout ratio (88.1%), dividends are covered by earnings and cash flows, though they have been volatile over the past decade amid high debt levels and an unstable track record.

Click here and access our complete dividend analysis report to understand the dynamics of R.A.K. Ceramics P.J.S.C. According our valuation report, there's an indication that R.A.K. Ceramics P.J.S.C's share price might be on the cheaper side.ADX:RAKCEC Dividend History as at May 2026

OYAK Çimento Fabrikalari

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

Overview: OYAK Çimento Fabrikalari A.S., along with its subsidiaries, is involved in the production and sale of clinker and cement in Turkey, with a market capitalization of TRY121.54 billion.

Story Continues

Operations: OYAK Çimento Fabrikalari A.S. generates revenue primarily from its Cement segment, which accounts for TRY35.75 billion, and its Ready-Mixed Concrete segment, contributing TRY20.76 billion.

Dividend Yield: 4%

OYAK Çimento Fabrikalari offers a dividend yield of 4%, placing it in the top 25% of TR market payers. However, its dividends have been volatile and are not well covered by free cash flows due to a high cash payout ratio of 151.1%. While earnings cover the dividend with a reasonable payout ratio of 66.2%, past payments have been unreliable. The company's P/E ratio is favorable at 13.9x compared to the TR market average of 20.6x, suggesting good relative value despite recent declines in sales and net income for FY2025.

Click here to discover the nuances of OYAK Çimento Fabrikalari with our detailed analytical dividend report. Our valuation report here indicates OYAK Çimento Fabrikalari may be undervalued.IBSE:OYAKC Dividend History as at May 2026

Turkcell Iletisim Hizmetleri

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

Overview: Turkcell Iletisim Hizmetleri A.S. operates a GSM network across Turkey, Belarus, the Turkish Republic of Northern Cyprus, Germany, and the Netherlands with a market cap of TRY258.13 billion.

Operations: Turkcell Iletisim Hizmetleri's revenue is primarily derived from its Turkcell Turkey segment, which generated TRY220.32 billion, followed by the Techfin segment with TRY13.69 billion.

Dividend Yield: 3.1%

Turkcell's dividend yield of 3.07% ranks in the top 25% of the Turkish market, though its payment history has been volatile over the past decade. The dividends are well-covered by earnings and cash flows, with a payout ratio of 57.2% and a cash payout ratio of 19.6%. Despite historical volatility, recent earnings growth and strategic investments in 5G infrastructure through a US$1 billion Murabaha financing could enhance future dividend stability and growth potential.

Delve into the full analysis dividend report here for a deeper understanding of Turkcell Iletisim Hizmetleri. Our valuation report unveils the possibility Turkcell Iletisim Hizmetleri's shares may be trading at a discount.IBSE:TCELL Dividend History as at May 2026

Summing It All Up

Get an in-depth perspective on all 57 Top Middle Eastern Dividend Stocks by using our screener here. Already own these companies? Link your portfolio to Simply Wall St and get alerts on any new warning signs to your stocks. Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide.

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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:RAKCEC IBSE:OYAKC and IBSE:TCELL.

This article was originally published by Simply Wall St.

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