Middle Eastern Dividend Stocks Featuring National Bank of Umm Al-Qaiwain (PSC) And 2 More

Simply Wall St

Tue, May 12, 2026 at 11:31 PM EDT 4 min read

As most Gulf markets experience a downturn due to ongoing regional tensions and uncertainty, investors are increasingly looking for stable income opportunities amidst the volatility. In such an environment, dividend stocks can offer a reliable source of returns by providing regular income streams, making them an attractive option for those seeking stability in their investment portfolios.

Top 10 Dividend Stocks In The Middle East

Click here to see the full list of 59 stocks from our Top Middle Eastern Dividend Stocks screener.

Let’s explore several standout options from the results in the screener.

National Bank of Umm Al-Qaiwain (PSC)

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

Overview: National Bank of Umm Al-Qaiwain (PSC) provides retail and corporate banking services in the United Arab Emirates, with a market cap of AED5.64 billion.

Operations: National Bank of Umm Al-Qaiwain (PSC) generates revenue primarily from Treasury and Investments, amounting to AED470.72 million, and Retail and Corporate Banking, contributing AED329.25 million.

Dividend Yield: 7.1%

National Bank of Umm Al-Qaiwain (PSC) offers a dividend yield of 7.09%, placing it in the top 25% among AE market dividend payers. Despite this, its dividends have been volatile over the past decade, with occasional significant drops. The recent earnings report showed a decrease in net income to AED 151.74 million from AED 185.79 million year-over-year, yet the payout ratio remains reasonable at 73.2%, indicating dividends are currently covered by earnings.

• Click here and access our complete dividend analysis report to understand the dynamics of National Bank of Umm Al-Qaiwain (PSC).

• Our comprehensive valuation report raises the possibility that National Bank of Umm Al-Qaiwain (PSC) is priced higher than what may be justified by its financials.

National General Insurance (P.J.S.C.)

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

Overview: National General Insurance Co. (P.J.S.C.) operates in the United Arab Emirates, focusing on underwriting life and general insurance as well as reinsurance, with a market capitalization of AED960.01 million.