Middle Eastern Dividend Stocks To Consider In July 2026

The Middle Eastern stock markets have recently experienced a downturn, with most Gulf bourses retreating due to escalating US-Iran hostilities and heightened geopolitical tensions affecting investor sentiment. Despite these challenges, dividend stocks remain an attractive option for investors seeking steady income streams, as they can provide a measure of stability in uncertain market conditions.

Top 10 Dividend Stocks In The Middle East

Click here to see the full list of 70 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.

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

Overview: Sukoon Insurance PJSC operates in the insurance sector across the United Arab Emirates, Sultanate of Oman, State of Qatar, England, Wales, the United Kingdom, GCC countries and internationally with a market capitalization of approximately AED2.50 billion.

Operations: Sukoon Insurance PJSC generates its revenue primarily from Non-Life Insurance amounting to AED4.95 billion and Life Insurance totaling AED176.66 million.

Dividend Yield: 4.6%

Sukoon Insurance PJSC offers a dividend yield of 4.61%, which is lower than the top quartile in the AE market. Despite an unstable dividend track record, its payouts are well-covered by earnings and cash flows, with payout ratios of 30.1% and 14%, respectively. The company’s earnings have shown growth, increasing net income to AED 121.33 million in Q1 2026 from AED 101.2 million a year ago, supporting future dividend stability despite past volatility and illiquidity concerns.

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

Overview: Turkcell Iletisim Hizmetleri A.S., along with its subsidiaries, operates a GSM network in Turkey, Belarus, the Turkish Republic of Northern Cyprus, Germany, and the Netherlands with a market cap of TRY239.84 billion.

Operations: Turkcell Iletisim Hizmetleri’s revenue segments include Turkcell Türkiye, contributing TRY225.24 billion, and Techfin, adding TRY13.83 billion.

Dividend Yield: 3.3%

Turkcell Iletisim Hizmetleri offers a dividend yield of 3.3%, ranking in the top 25% of Turkish dividend payers, but its dividends are not covered by free cash flow and have been volatile over the past decade. Despite a reasonable payout ratio of 57.2%, the lack of free cash flow coverage raises sustainability concerns. Recent strategic moves, including debt financing and leadership appointments, highlight Turkcell’s focus on technological advancement and financial structuring amid growing earnings.

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

Overview: Suny Cellular Communication Ltd imports and markets cell phones and related accessories in Israel with a market cap of ₪303.14 million.

Operations: Suny Cellular Communication Ltd generates its revenue through the import and marketing of cell phones and related accessories in Israel.

Dividend Yield: 8.6%

Suny Cellular Communication’s dividend yield of 8.64% places it among the top 25% in the IL market, supported by a low payout ratio of 39.8% and cash payout ratio of 30.7%, indicating strong coverage by earnings and cash flows. However, its dividends have been unstable with volatility over less than a decade, raising concerns about reliability despite trading at a significant discount to estimated fair value. Recent earnings show improved net income but declining sales year-over-year.

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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.

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