Middle Eastern Dividend Stocks Yielding Up To 7.6%

Simply Wall St

Thu, February 19, 2026 at 12:31 PM GMT+9 4 min read

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The Middle Eastern stock markets have recently experienced gains, buoyed by positive developments in U.S.-Iran talks and a rise in crude oil prices, which are key drivers for the region’s financial markets. In this context of improving investor sentiment and regional stability, dividend stocks present an attractive option for those seeking steady income streams amidst market fluctuations.

Top 10 Dividend Stocks In The Middle East

Click here to see the full list of 50 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.

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 a range of ceramic products across the United Arab Emirates, Europe, India, Saudi Arabia, Bangladesh, and other international markets with a market cap of AED2.58 billion.

Operations: R.A.K. Ceramics P.J.S.C. generates revenue from several segments, including AED3.19 billion from Ceramic Products, AED584.14 million from Faucets, and AED212.58 million from Other Industrial activities.

Dividend Yield: 7.7%

R.A.K. Ceramics P.J.S.C. offers a dividend yield of 7.69%, placing it among the top 25% of dividend payers in the AE market, with dividends covered by both earnings and cash flows, as indicated by payout ratios of 81.5% and 88.1%, respectively. However, its dividend history has been volatile over the past decade, raising concerns about reliability and sustainability despite recent profit growth to AED 243.72 million for 2025 from AED 221.09 million in the previous year.

Click here to discover the nuances of R.A.K. Ceramics P.J.S.C with our detailed analytical dividend report.

Insights from our recent valuation report point to the potential undervaluation of R.A.K. Ceramics P.J.S.C shares in the market.

ADX:RAKCEC Dividend History as at Feb 2026

Alinma Bank

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

Overview: Alinma Bank offers banking and investment services in Saudi Arabia, with a market cap of SAR72.25 billion.

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Operations: Alinma Bank’s revenue is derived from several segments, including Retail (SAR5.42 billion), Treasury (SAR1.98 billion), Corporate Banking (SAR2.31 billion), and Investment and Brokerage (SAR1.12 billion).

Dividend Yield: 4.2%

Alinma Bank’s dividend payments are currently covered by earnings, with a payout ratio of 51.8%, and are forecast to be well-covered in three years at 43%. Despite an increase in dividends over the past decade, their stability has been inconsistent, with notable volatility. The bank’s price-to-earnings ratio of 12.3x suggests good value compared to the Saudi Arabian market average of 17.6x. Recent earnings show net income growth to SAR 6.40 billion for 2025 from SAR 5.83 billion in the previous year, supporting its dividend capacity despite a lower yield than top-tier payers.

Take a closer look at Alinma Bank's potential here in our dividend report.

According our valuation report, there's an indication that Alinma Bank's share price might be on the expensive side.

SASE:1150 Dividend History as at Feb 2026

Saudi National Bank

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

Overview: The Saudi National Bank, with a market cap of SAR253.85 billion, operates through its subsidiaries to offer banking and investment management services both within the Kingdom of Saudi Arabia and internationally.

Operations: The Saudi National Bank generates revenue through its segments, including Retail (SAR16.67 billion), Wholesale (SAR17.05 billion), International (SAR2.01 billion), and Capital Market (SAR2.43 billion).

Dividend Yield: 5.4%

Saudi National Bank’s dividend payments are covered by earnings with a payout ratio of 53.3%, and this coverage is forecast to remain stable over the next three years. Despite a volatile dividend history, recent increases suggest potential improvement. The bank’s price-to-earnings ratio of 10.6x indicates value against the Saudi market average of 17.6x, while net income rose to SAR 25.01 billion in 2025 from SAR 21.19 billion, supporting its dividend capacity despite a lower yield compared to top-tier payers.

Dive into the specifics of Saudi National Bank here with our thorough dividend report.

Upon reviewing our latest valuation report, Saudi National Bank's share price might be too optimistic.

SASE:1180 Dividend History as at Feb 2026

Where To Now?

Gain an insight into the universe of 50 Top Middle Eastern Dividend Stocks by clicking here.

Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up.

Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world.

Contemplating Other Strategies?

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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 SASE:1150 and SASE:1180.

This article was originally published by Simply Wall St.

Have feedback on this article? Concerned about the content? Get in touch with us directly._ Alternatively, email editorial-team@simplywallst.com_

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