Middle Eastern Dividend Stocks To Watch In January 2026

As Middle Eastern markets experience notable growth, with Saudi Arabia leading Gulf stocks higher and Egypt reaching record highs, investor confidence is buoyed by strong performances in materials, real estate, and communication services. In this dynamic environment, dividend stocks can offer a compelling opportunity for investors seeking steady income streams amidst the region's economic expansion.

Top 10 Dividend Stocks In The Middle East

Name Dividend Yield Dividend Rating Yeni Gimat Gayrimenkul Yatirim Ortakligi (IBSE:YGGYO) 5.38% ★★★★★★ Saudi Awwal Bank (SASE:1060) 6.03% ★★★★★☆ Riyad Bank (SASE:1010) 6.42% ★★★★★☆ National General Insurance (P.J.S.C.) (DFM:NGI) 7.17% ★★★★★☆ Emaar Properties PJSC (DFM:EMAAR) 6.85% ★★★★★☆ Dubai Insurance Company (P.S.C.) (DFM:DIN) 5.93% ★★★★★☆ Computer Direct Group (TASE:CMDR) 7.23% ★★★★★☆ Banque Saudi Fransi (SASE:1050) 6.31% ★★★★★☆ Arab National Bank (SASE:1080) 6.13% ★★★★★☆ Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) 5.96% ★★★★★☆

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

We're going to check out a few of the best picks from our screener tool.

Çelebi Hava Servisi

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

Overview: Çelebi Hava Servisi A.S. offers ground handling, cargo, and warehouse services to airlines and private air cargo companies mainly in Turkey, with a market cap of TRY38.86 billion.

Operations: Çelebi Hava Servisi A.S. generates revenue from its primary segments, with Airport Ground Services contributing TRY15.02 billion and Cargo and Warehouse Services adding TRY7.13 billion.

Dividend Yield: 3.9%

Çelebi Hava Servisi's dividend yield of 3.94% ranks in the top 25% of Turkish market payers, yet its sustainability is questionable due to a high cash payout ratio and earnings not covering dividends. Despite a reasonable payout ratio of 52.3% from earnings, past dividend volatility and reliance on non-cash earnings pose risks for reliable income. Recent financials show modest growth with third-quarter sales at TRY 5.85 billion, reflecting slight annual increases in revenue and net income.

Dive into the specifics of Çelebi Hava Servisi here with our thorough dividend report. The valuation report we've compiled suggests that Çelebi Hava Servisi's current price could be inflated.IBSE:CLEBI Dividend History as at Jan 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 TRY119.89 billion.

Operations: OYAK Çimento Fabrikalari A.S. generates revenue through its Cement segment, which accounts for TRY27.01 billion, and its Ready-Mixed Concrete segment, contributing TRY16.23 billion.

Story Continues

Dividend Yield: 4.1%

OYAK Çimento Fabrikalari offers a dividend yield of 4.06%, placing it among the top 25% in Turkey. However, its high cash payout ratio suggests dividends are not well-supported by free cash flows, raising sustainability concerns. Despite a reasonable earnings payout ratio of 66.2%, past dividend payments have been volatile and unreliable. Recent financials indicate third-quarter sales rose slightly to TRY 15.40 billion, with net income improving to TRY 3.39 billion compared to the previous year.

Delve into the full analysis dividend report here for a deeper understanding of OYAK Çimento Fabrikalari. The analysis detailed in our OYAK Çimento Fabrikalari valuation report hints at an inflated share price compared to its estimated value.IBSE:OYAKC Dividend History as at Jan 2026

STG International

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

Overview: STG International Ltd. is a company that resells electronic components, equipment, and systems in Israel with a market cap of ₪316.39 million.

Operations: STG International Ltd. generates revenue primarily from its Distribution Sector, which accounts for ₪154.05 million, and its Development and Production Sector, contributing ₪40.71 million.

Dividend Yield: 4.6%

STG International's dividend yield of 4.61% is lower than the top quartile in the IL market, yet dividends are well-covered by earnings and cash flows with payout ratios around 69%. Despite a decade of growth, dividends have been unstable and volatile, dropping over 20% annually at times. The price-to-earnings ratio of 14.7x indicates good value compared to the market average. Earnings have grown substantially, enhancing future dividend potential despite past volatility concerns.

Click to explore a detailed breakdown of our findings in STG International's dividend report. Our expertly prepared valuation report STG International implies its share price may be too high.TASE:STG Dividend History as at Jan 2026

Where To Now?

Access the full spectrum of 57 Top Middle Eastern Dividend Stocks by clicking on this link. Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments. Elevate your portfolio with Simply Wall St, the ultimate app for investors seeking global market coverage.

Interested In Other Possibilities?

Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. 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.

Companies discussed in this article include IBSE:CLEBI IBSE:OYAKC and TASE:STG.

This article was originally published by Simply Wall St.

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