Middle Eastern Dividend Stocks Including National Central Cooling Company PJSC

In recent times, most Gulf bourses have experienced declines, influenced by lower oil prices and mixed corporate earnings reports. This environment highlights the importance of dividend stocks as they can provide a steady income stream even when broader market conditions are challenging.

Top 10 Dividend Stocks In The Middle East

Name Dividend Yield Dividend Rating Saudi Telecom (SASE:7010) 9.93% ★★★★★☆ Saudi National Bank (SASE:1180) 5.59% ★★★★★☆ Saudi Awwal Bank (SASE:1060) 6.27% ★★★★★☆ Riyad Bank (SASE:1010) 6.60% ★★★★★☆ National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) 6.25% ★★★★★☆ Emirates NBD Bank PJSC (DFM:EMIRATESNBD) 3.83% ★★★★★☆ Emaar Properties PJSC (DFM:EMAAR) 6.69% ★★★★★☆ Commercial Bank of Dubai PSC (DFM:CBD) 5.07% ★★★★★☆ Arab National Bank (SASE:1080) 6.01% ★★★★★☆ Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) 6.99% ★★★★★☆

Click here to see the full list of 72 stocks from our Top Middle Eastern Dividend Stocks screener.

Let's review some notable picks from our screened stocks.

National Central Cooling Company PJSC

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

Overview: National Central Cooling Company PJSC, operating with its subsidiaries, provides chilled water services in the United Arab Emirates and internationally, with a market capitalization of AED8.38 billion.

Operations: National Central Cooling Company PJSC generates revenue primarily through its Chilled Water segment, amounting to AED2.38 billion, and its Value Chain Business segment, contributing AED142.84 million.

Dividend Yield: 5.3%

National Central Cooling Company PJSC reported steady earnings growth, with Q2 2025 sales at AED 642.68 million and net income at AED 160.28 million. Despite a low dividend yield of 5.25% compared to top-tier AE market payers, dividends are covered by both earnings (76.4% payout ratio) and cash flows (47.6% cash payout ratio). However, the dividend track record is unstable and historically volatile, which may concern investors seeking reliable income streams amidst its high debt levels.

Navigate through the intricacies of National Central Cooling Company PJSC with our comprehensive dividend report here. Our valuation report unveils the possibility National Central Cooling Company PJSC's shares may be trading at a discount.DFM:TABREED Dividend History as at Aug 2025

Akmerkez Gayrimenkul Yatirim Ortakligi

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

Overview: Akmerkez Gayrimenkul Yatirim Ortakligi A.S. operates in the real estate sector, focusing on property investment and management, with a market capitalization of TRY8.72 billion.

Operations: Akmerkez Gayrimenkul Yatirim Ortakligi A.S. generates its revenue primarily from real estate investment property, amounting to TRY789.87 million.

Story Continues

Dividend Yield: 5.4%

Akmerkez Gayrimenkul Yatirim Ortakligi offers a dividend yield of 5.4%, placing it in the top 25% of Turkish market payers. Dividends are covered by earnings with a payout ratio of 77.1%, though cash flow coverage is tight at 99.9%. Despite stable payments, the company has only a three-year history of dividends, and profit margins have declined from last year’s figures, which may impact future payouts despite its attractive valuation with a P/E ratio below the market average.

Click here and access our complete dividend analysis report to understand the dynamics of Akmerkez Gayrimenkul Yatirim Ortakligi. Our valuation report here indicates Akmerkez Gayrimenkul Yatirim Ortakligi may be overvalued.IBSE:AKMGY Dividend History as at Aug 2025

SABIC Agri-Nutrients

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

Overview: SABIC Agri-Nutrients Company is involved in the production, conversion, manufacturing, marketing, and trade of agri-nutrients and chemical products across various international markets including Singapore, the United States, India, and others with a market cap of SAR56.98 billion.

Operations: SABIC Agri-Nutrients Company's revenue is primarily derived from its Agri-Nutrients segment, which generated SAR11.72 billion, with an additional contribution of SAR506.94 million from its Petrochemicals segment.

Dividend Yield: 5.8%

SABIC Agri-Nutrients offers a dividend yield of 5.84%, ranking in the top 25% of Saudi Arabian payers, yet its dividends are not well covered by cash flows, with a high payout ratio of 90.6%. Despite recent earnings growth—net income rose to SAR 1.06 billion in Q2 2025—the company's dividend history is volatile and unreliable, potentially impacting future stability despite trading at favorable valuation metrics compared to peers.

Delve into the full analysis dividend report here for a deeper understanding of SABIC Agri-Nutrients. The analysis detailed in our SABIC Agri-Nutrients valuation report hints at an deflated share price compared to its estimated value.SASE:2020 Dividend History as at Aug 2025

Seize The Opportunity

Dive into all 72 of the Top Middle Eastern Dividend Stocks we have identified 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. Streamline your investment strategy with Simply Wall St's app for free and benefit from extensive research on stocks across all corners of the world.

Want To Explore Some Alternatives?

Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value.

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 DFM:TABREED IBSE:AKMGY and SASE:2020.

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 [email protected]

View Comments