As Gulf markets demonstrate stability prior to the Federal Reserve’s policy meeting, investors are closely monitoring potential changes in U.S. interest rates and their effects on regional economies, especially those with currencies tied to the dollar. In this context, dividend-paying stocks emerge as a reliable source of income and a safeguard against market fluctuations, making them appealing for those aiming to balance growth with dependable returns.
|
Name |
Dividend Yield |
Dividend Rating |
|
Yeni Gimat Gayrimenkul Yatirim Ortakligi (IBSE:YGGYO) |
5.50% |
★★★★★ |
|
Turkiye Garanti Bankasi (IBSE:GARAN) |
3.12% |
★★★★★☆ |
For a complete list of 59 stocks from our Top Middle Eastern Dividend Stocks screener,
click here.
Let’s explore some standout companies from our specialized screener.
Dividend Overview
The Emirates Driving Company P.J.S.C. focuses on motor vehicle driving training in the UAE, boasting a market cap of AED3.34 billion. With a revenue stream mainly from its Car and Other Related Services segment, which generated AED738.10 million, its current dividend yield stands at 5.5%.
Dividend Profile
While the Emirates Driving Company has a mixed dividend profile, its dividends are backed by earnings despite experiencing notable volatility over the past decade. Recent earnings growth of 20.5% suggests improvement potential as the company currently trades at a 34.7% discount to its fair value.
Another Key Player
The National Bank of Umm Al-Qaiwain (PSC), offering retail and corporate banking services, boasts a market cap of AED5.60 billion. Its operations generate revenue mainly from Retail and Corporate Banking, accumulating AED423.61 million, along with Treasury and Investments contributing AED413.01 million, presenting a dividend yield of 6.4%.
