<div id="readability-page-1" class="page"><div><p>The Middle Eastern stock markets have recently shown resilience, with most Gulf markets gaining on earnings despite the challenges posed by fluctuating oil prices and geopolitical tensions. In this environment, dividend stocks can offer a potential source of steady income, particularly when supported by strong corporate earnings and favorable economic fundamentals.</p><h3>Top 10 Dividend Stocks In The Middle East</h3><p><strong>Name</strong><strong>Dividend Yield</strong><strong>Dividend Rating</strong>Yeni Gimat Gayrimenkul Yatirim Ortakligi (IBSE:YGGYO) 4.55%★★★★★★Saudi Awwal Bank (SASE:1060) 5.65%★★★★☆☆National General Insurance (P.J.S.C.) (DFM:NGI) 7.20%★★★★★☆National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) 6.44%★★★★★☆Dubai Insurance Company (P.S.C.) (DFM:DIN) 5.93%★★★★★☆Computer Direct Group (TASE:CMDR) 10.14%★★★★★☆Banque Saudi Fransi (SASE:1050) 5.83%★★★★★☆Arab National Bank (SASE:1080) 6.19%★★★★★☆Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) 4.80%★★★★★☆Anadolu Anonim Türk Sigorta Sirketi (IBSE:ANSGR) 3.84%★★★★★☆</p><p>Click here to see the full list of 51 stocks from our Top Middle Eastern Dividend Stocks screener.</p><p>Underneath we present a selection of stocks filtered out by our screen.</p><h2>Çelebi Hava Servisi (IBSE:CLEBI)</h2><p><strong>Simply Wall St Dividend Rating:</strong> ★★★★☆☆</p><p><strong>Overview:</strong> Çelebi Hava Servisi A.S. offers ground handling, cargo, and warehouse services to both domestic and international airlines as well as private air cargo companies, primarily in Turkey, with a market cap of TRY44.74 billion.</p><p><strong>Operations:</strong> Çelebi Hava Servisi A.S. generates revenue primarily from Airport Ground Services, including ground handling services, amounting to TRY15.02 billion, and Cargo and Warehouse Services, contributing TRY7.13 billion.</p><p><strong>Dividend Yield:</strong> 3.4%</p><p>Çelebi Hava Servisi's dividend payments have increased over the past decade, but they have been unreliable and volatile, with drops exceeding 20% annually. While its payout ratio of 52.3% suggests dividends are covered by earnings, a high cash payout ratio of 221.2% indicates poor coverage by cash flows. Despite this, the dividend yield of 3.42% ranks in the top quartile in Turkey's market and is supported by a favorable price-to-earnings ratio of 14.1x compared to the market average.</p><ul><li>Dive into the specifics of Çelebi Hava Servisi here with our thorough dividend report.</li><li>The analysis detailed in our Çelebi Hava Servisi valuation report hints at an inflated share price compared to its estimated value.</li></ul><figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/ad6a6b02-1fdf-41e3-be2a-7ed338962e67/chart/historic-dividend?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/ad6a6b02-1fdf-41e3-be2a-7ed338962e67/chart/historic-dividend"/><figcaption>IBSE:CLEBI Dividend History as at Feb 2026</figcaption></figure><h2>OYAK Çimento Fabrikalari (IBSE:OYAKC)</h2><p><strong>Simply Wall St Dividend Rating:</strong> ★★★★☆☆</p><p><strong>Overview:</strong> OYAK Çimento Fabrikalari A.S. operates in Turkey, focusing on the production and sale of clinker and cement, with a market cap of TRY126.60 billion.</p><p><strong>Operations:</strong> OYAK Çimento Fabrikalari A.S. generates revenue primarily from its Cement segment, which accounts for TRY27.01 billion, and its Ready-Mixed Concrete segment, contributing TRY16.23 billion.</p><p><strong>Dividend Yield:</strong> 3.8%</p><p>OYAK Çimento Fabrikalari's dividend yield of 3.84% places it among the top quartile of Turkish dividend payers, yet its dividends have been volatile over the past decade with annual drops exceeding 20%. Although a payout ratio of 66.2% suggests earnings cover dividends, a high cash payout ratio of 346.2% indicates inadequate coverage by cash flows. Its price-to-earnings ratio at 17.2x is favorable compared to the market average, enhancing its valuation appeal.</p><ul><li>Unlock comprehensive insights into our analysis of OYAK Çimento Fabrikalari stock in this dividend report.</li><li>Our valuation report here indicates OYAK Çimento Fabrikalari may be overvalued.</li></ul><figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/b36c4bac-605f-45c9-b9fe-5cfc04f70781/chart/historic-dividend?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/b36c4bac-605f-45c9-b9fe-5cfc04f70781/chart/historic-dividend"/><figcaption>IBSE:OYAKC Dividend History as at Feb 2026</figcaption></figure><h2>STG International (TASE:STG)</h2><p><strong>Simply Wall St Dividend Rating:</strong> ★★★★☆☆</p><p><strong>Overview:</strong> STG International Ltd. is a company that resells electronic components, equipment, and systems in Israel with a market cap of ₪347.03 million.</p><p><strong>Operations:</strong> STG International Ltd.'s revenue segments include the Distribution Sector generating ₪154.05 million and the Development and Production Sector contributing ₪40.71 million.</p><p><strong>Dividend Yield:</strong> 4.2%</p><p>STG International's dividend yield of 4.21% is below the top quartile in the IL market, and its dividend track record has been unreliable over the past decade with volatility exceeding 20%. However, a payout ratio of 68.7% and a cash payout ratio of 69.2% indicate dividends are well-covered by both earnings and cash flows. Its price-to-earnings ratio at 16.2x is slightly more attractive than the IL market average, supporting its valuation appeal.</p><ul><li>Get an in-depth perspective on STG International's performance by reading our dividend report here.</li><li>Insights from our recent valuation report point to the potential overvaluation of STG International shares in the market.</li></ul><figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/2e35dedb-2400-4de5-b0f8-14f635dec0e2/chart/historic-dividend?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/2e35dedb-2400-4de5-b0f8-14f635dec0e2/chart/historic-dividend"/><figcaption>TASE:STG Dividend History as at Feb 2026</figcaption></figure><h2>Next Steps</h2><ul><li>Click through to start exploring the rest of the 48  Top Middle Eastern Dividend Stocks now.</li><li>Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools.</li><li>Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide.</li></ul><h2>Curious About Other Options?</h2><ul><li>Explore high-performing small cap companies that haven't yet garnered significant analyst attention.</li><li>Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.</li><li>Find companies with promising cash flow potential yet trading below their fair value.</li></ul> <p><em> This article by Simply Wall St is general in nature. <strong>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.</strong> 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.</em></p><div><h3><strong>New: </strong>Manage All Your Stock Portfolios in One Place</h3><p>We've created the <strong>ultimate portfolio companion</strong> for stock investors, <strong>and it's free.</strong></p><p>• Connect an unlimited number of Portfolios and see your total in one currency<br/>• Be alerted to new Warning Signs or Risks via email or mobile<br/>• Track the Fair Value of your stocks<br/></p><p>Try a Demo Portfolio for Free</p></div></div></div>

<p>Middle Eastern stock markets are showing resilience, with Gulf markets gaining despite fluctuating oil prices and geopolitical tensions. Dividend stocks are highlighted as a steady income source, with top yields reaching up to 10.14%. Notable stocks include Saudi Awwal Bank (5.65%), National General Insurance (7.20%), and STG International (4.21%). However, some companies like Çelebi Hava Servisi and OYAK Çimento Fabrikalari have shown volatile dividend histories, raising concerns about their sustainability. Investors are encouraged to explore these opportunities while considering the associated risks.</p>

Middle Eastern Dividend Stocks Offering Yields Up To 4.2%