Al Wathba National Insurance Company PJSC And 2 Other Middle Eastern Dividend Stocks

Amid a backdrop of fluctuating indices and investor caution in the Middle East, highlighted by Saudi Arabia’s stock index experiencing its worst session in six weeks, dividend stocks remain a focal point for those seeking stability and income. In this environment, identifying robust companies with consistent dividend payouts can be an attractive strategy for investors looking to navigate market uncertainties while securing steady returns.

Name	Dividend Yield	Dividend Rating
Emaar Properties PJSC (DFM:EMAAR)	7.33%	★★★★★☆
Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT)	7.30%	★★★★★☆
Arab National Bank (SASE:1080)	6.00%	★★★★★☆
Saudi Awwal Bank (SASE:1060)	5.89%	★★★★★☆
National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK)	7.72%	★★★★★☆
Saudi National Bank (SASE:1180)	5.70%	★★★★★☆
Saudi Telecom (SASE:7010)	9.78%	★★★★★☆
Delek Group (TASE:DLEKG)	8.39%	★★★★★☆
Commercial Bank of Dubai PSC (DFM:CBD)	6.03%	★★★★★☆
Emirates NBD Bank PJSC (DFM:EMIRATESNBD)	4.45%	★★★★★☆

Click here to see the full list of 74 stocks from our Top Middle Eastern Dividend Stocks screener.

Let’s uncover some gems from our specialized screener.

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

Overview: Al Wathba National Insurance Company PJSC operates in the general insurance and reinsurance sectors both within the United Arab Emirates and internationally, with a market cap of AED724.50 million.

Operations: Al Wathba National Insurance Company PJSC generates its revenue primarily through its activities in the general insurance and reinsurance sectors across both domestic and international markets.

Dividend Yield: 5.7%

Al Wathba National Insurance Company PJSC’s dividend payments have been volatile over the past decade, with a recent approval for a 20% cash dividend amounting to AED 41.40 million. The company’s payout ratios indicate dividends are covered by earnings (84.6%) and cash flows (83.9%). Despite an increase in dividends over ten years, the stock’s high volatility and recent net loss of AED 16.05 million might concern investors seeking stable income sources.

ADX:AWNIC Dividend History as at May 2025

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

Overview: Dubai Insurance Company (P.S.C.) operates in the United Arab Emirates, offering a range of insurance products for both individuals and corporates, with a market cap of AED1.40 billion.

Operations: The company’s revenue is derived from two main segments: Life and Medical insurance, which generates AED597.88 million, and Motor and General insurance, contributing AED740.23 million.

Dividend Yield: 5.7%

Dubai Insurance Company (P.S.C.) offers a stable dividend profile with consistent payments over the past decade. Despite a lower dividend yield of 5.71% compared to top-tier payers, dividends are well-covered by earnings and cash flows, indicated by payout ratios of 59.3% and 38.9%, respectively. The recent net income increase to AED 46.46 million for Q1 2025 supports its reliable dividend strategy, although profit margins have declined from last year’s figures.

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

Overview: The Al Rajhi REIT Fund is a Sharia-compliant investment fund listed on Tadawul that focuses on generating periodic income through investments in income-generating real estate assets in Saudi Arabia, with a market cap of SAR2.30 billion.

Operations: The Al Rajhi REIT Fund derives its revenue primarily from the commercial real estate segment, generating SAR260.26 million.

Dividend Yield: 6.5%

Al Rajhi REIT Fund’s dividend payments have been volatile, with a recent decrease to SAR 0.13 per share, highlighting an unstable track record despite a yield in the top 25% of the Saudi market. The fund’s payout ratios of 96.8% for earnings and 98.3% for cash flows suggest dividends are covered but leave little room for growth or stability. Earnings grew significantly last year, yet large one-off items affect financial results’ quality.

SASE:4340 Dividend History as at May 2025

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:AWNIC DFM:DIN and SASE:4340.

This article was originally published by Simply Wall St.

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