Abu Dhabi aviation and hospitality space sees robust growth, sector still 'long way short' of Dubai
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Yahoo
2 days ago
- Yahoo
Top 3 Middle Eastern Dividend Stocks Yielding Up To 8.7%
In the current Middle Eastern market landscape, Gulf equities have experienced muted performance due to disappointing corporate earnings and a cautious stance from the U.S. Federal Reserve on interest rates. Despite these challenges, dividend stocks remain an attractive option for investors seeking steady income, as they can provide a buffer against market volatility and offer potential returns through regular payouts. Top 10 Dividend Stocks In The Middle East Name Dividend Yield Dividend Rating Saudi Telecom (SASE:7010) 9.99% ★★★★★☆ Saudi Awwal Bank (SASE:1060) 6.17% ★★★★★☆ Riyad Bank (SASE:1010) 6.38% ★★★★★☆ National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) 6.45% ★★★★★☆ Emirates NBD Bank PJSC (DFM:EMIRATESNBD) 3.74% ★★★★★☆ Emaar Properties PJSC (DFM:EMAAR) 6.56% ★★★★★☆ Commercial Bank of Dubai PSC (DFM:CBD) 4.90% ★★★★★☆ Banque Saudi Fransi (SASE:1050) 6.41% ★★★★★☆ Arab National Bank (SASE:1080) 5.98% ★★★★★☆ Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) 6.56% ★★★★★☆ Click here to see the full list of 75 stocks from our Top Middle Eastern Dividend Stocks screener. Below we spotlight a couple of our favorites from our exclusive screener. Al Wathba National Insurance Company PJSC Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Al Wathba National Insurance Company PJSC operates in the general insurance and reinsurance sectors both within the United Arab Emirates and internationally, with a market capitalization of AED774.18 million. Operations: Al Wathba National Insurance Company PJSC generates revenue from its Motor insurance segment, which accounts for AED206.19 million, and its Investments segment, contributing AED97.50 million. Dividend Yield: 5.3% Al Wathba National Insurance Company PJSC has shown an increase in dividend payments over the past decade, but these have been unreliable and volatile. Despite a high payout ratio of 84.7%, dividends are covered by earnings and cash flows. The company's recent net loss of AED 16.05 million highlights financial challenges, with profit margins significantly lower than last year. Additionally, AWNIC's dividend yield of 5.35% is below the top tier in the AE market. Click here to discover the nuances of Al Wathba National Insurance Company PJSC with our detailed analytical dividend report. Our valuation report here indicates Al Wathba National Insurance Company PJSC may be overvalued. Al-Babtain Power and Telecommunications Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Al-Babtain Power and Telecommunications Company, along with its subsidiaries, manufactures lighting poles and power transmission towers and accessories in the United Arab Emirates, Saudi Arabia, and Egypt, with a market cap of SAR3.56 billion. Operations: Al-Babtain Power and Telecommunications Company generates revenue from four main segments: Towers and Metal Structures Sector (SAR1.18 billion), Solar Energy Sector (SAR592.76 million), Columns and Lighting (SAR571.13 million), and Design, Supply, and Installation (SAR404.90 million). Dividend Yield: 3.5% Al-Babtain Power and Telecommunications has a sustainable dividend payout with a low payout ratio of 35.4%, supported by earnings and cash flows. The company reported Q1 net income of SAR 88.2 million, up from SAR 82.6 million the previous year, despite lower sales of SAR 631.23 million. However, its dividends have been unreliable over the past decade due to volatility exceeding annual drops of 20%. The stock trades at a favorable P/E ratio of 13.3x compared to the SA market average, yet its dividend yield is below top-tier payers in the region. Dive into the specifics of Al-Babtain Power and Telecommunications here with our thorough dividend report. Our valuation report here indicates Al-Babtain Power and Telecommunications may be undervalued. Rimoni Industries Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Rimoni Industries Ltd. designs, engineers, and manufactures molds and precise injection molding assemblies for various industries including medical, automotive, agricultural, high-tech, and consumer sectors in Israel with a market cap of ₪478.60 million. Operations: Rimoni Industries Ltd. generates revenue from its segments in patterns and plastic casting, amounting to ₪14.26 million and ₪169.63 million respectively. Dividend Yield: 8.8% Rimoni Industries offers a high dividend yield of 8.78%, ranking it among the top 25% in the IL market, though its payouts have been unstable and not fully covered by earnings, with a payout ratio of 102.8%. Despite an increase in dividends over the past decade, their reliability remains questionable due to volatility. Recent Q1 results showed slight earnings growth with net income at ILS 10.92 million against lower sales of ILS 46.57 million year-on-year. Delve into the full analysis dividend report here for a deeper understanding of Rimoni Industries. Insights from our recent valuation report point to the potential undervaluation of Rimoni Industries shares in the market. Seize The Opportunity Click this link to deep-dive into the 75 companies within our Top Middle Eastern Dividend Stocks screener. Are you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive. Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide. Looking For Alternative Opportunities? 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 ADX:AWNIC SASE:2320 and TASE:RIMO. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Eater
2 days ago
- Eater
Julianna's Closes in Inman Park Suddenly, Plus More Closings to Know
Henna Bakshi is the Regional Editor, South at Eater and an award-winning food and wine journalist with a WSET (Wine and Spirits Education Trust) Level 3 degree. She oversees coverage in Atlanta, Miami, New Orleans, the Carolinas, and Nashville. The exterior of Julianna's Coffee & Crepes was housed in a building more than 100 years old. Julianna's Coffee & Crepes Here are the latest closings of note in Atlanta. Julianna's Coffee & Crepes closes suddenly After more than 11 years, Julianna's Coffee & Crepes, a hidden gem in Inman Park on Lake Avenue, has closed. A sign on the door reads it's 'due to nonpayment of rent.' Google has listed the restaurant as permanently closed, and phone calls are going to voicemail. The petite restaurant, by chef Andrew Turoczi, was tucked inside a circa-1901 house and served Hungarian-style savory and sweet crepes made from an old family recipe. Julianna's opened in 2013. Eater has reached out to the restaurant for comment. Inman Park bakery, Julianna's, has closed. Eater reader Lazy Dog closes in Peachtree Corners Town Center Lazy Dog in Peachtree Corners (5224 Peachtree Parkway) closed last week, citing that guests had parking and navigation difficulties, according to WSB-TV. The Alpharetta and Dunwoody locations remain open, and the 8,300 square foot Peachtree Corners spot is currently listed for sale. The California-based chain restaurant was open for six years. Neighboring Uncle Jack's Meat House is also listed for sale, marking a difficult time for the Peachtree Corners Town Center restaurants. Lazy Dog at Peachtree Corners Town Center closes after six years. Lazy Dog Restaurants Longtime Midtown seafood restaurant Lure closes next month Lure Saltwater Kitchen and Bar is closing in Midtown after its final service on August 30. It will serve some of its classic seafood dishes for the next month to honor its 14 years on Crescent Avenue. The establishment is owned by Fifth Group Restaurants, which also owns Ela, La Tavola, South City Kitchen, Ecco, and Alma Cocina. Read the full report here. Souper Jenny closing Brookhaven location, relocating Souper Jenny is closing its Brookhaven location this week as it prepares to relocate to Chamblee. 'As they say as one door closes another door opens!' reads the cafe's post on Instagram. 'We are excited for our new home, with lots of free parking, and a bigger dining room to bring your friends and family.' Eater Atlanta All your essential food and restaurant intel delivered to you Email (required) Sign Up By submitting your email, you agree to our Terms and Privacy Notice . This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Yahoo
2 days ago
- Yahoo
Joyalukkas Secures Landmark AED 500 Million Working Capital Deal with Emirates NBD to Fuel Global Expansion
Dubai, United Arab Emirates--(Newsfile Corp. - July 31, 2025) - Joyalukkas, one of the world's largest jewellery retailers, has announced a landmark AED 500 million working capital facility provision through Emirates NBD, a leading banking group in the MENAT region. This milestone agreement supports Joyalukkas' long-term expansion plans across the GCC and key international markets including the UK, USA, Canada, and Australia. Structured to provide Joyalukkas with seamless and flexible access to capital, the bespoke deal highlights the retailer's pioneering approach to global retail growth and underscores its longstanding relationship with Emirates NBD. The facility offers working capital on a revolving basis, enabling Joyalukkas to draw and repay funds as needed, thereby enhancing cost-efficiency and operational control. Since 1987, Joyalukkas Jewellery has brought together artistry and precise design across 13 countries and over 10 million customers and continues to strengthen its footprint across the globe, the AED 500 million facility ensures timely access to inventory financing and liquidity to support peak trading periods and supplier commitments. The deal is fully integrated with Emirates NBD's advanced digital and trade platforms, offering Joyalukkas real-time visibility and convenience across its financial operations. The agreement also signifies a deepening of the trust and strategic alignment between Joyalukkas and Emirates NBD. It reflects the jeweller's disciplined and forward-looking business model and further empowers its status as a global force in organized jewellery retail. Joy Alukkas, Chairman of Joyalukkas Group, commented: "This facility marks a significant milestone in our journey to expand Joyalukkas into key international markets including the UK, USA, Canada, and Australia. Emirates NBD has been a trusted partner who understands the scale, ambition and discipline behind our global retail strategy. Structured with flexibility and foresight, this deal sets a new benchmark in the jewellery industry and reflects our pioneering approach to organized retailing. I sincerely thank the Emirates NBD team for their continued support and belief in our vision." Ahmed Al Qassim, Group Head of Wholesale Banking at Emirates NBD, added: "The provision of this working capital facility for Joyalukkas shows Emirates NBD's agility and capability to develop sector-specific transactions that cater to the exact needs of our expansive and diverse ecosystem of clients. Designed to meet Joyalukkas' strategic requirements, the deal emphasizes how Emirates NBD can deliver bespoke, digital-first, and customized credit solutions that empower leading companies and support both theirs, and the UAE's, economic growth. As a value-added product, this AED 500 million facility will help to provide the long-term support Joyalukkas needs to drive ahead with its international expansion plans, empowered by swift access to a framework of carefully structured and flexible capital." With this facility, Joyalukkas is well-positioned to continue growing and setting global standards in jewellery retailing, backed by a robust and responsive financial framework from Emirates NBD. Joy Alukkas and Emirates NBD Announce Strategic Partnership Anith Daniel - Group Head of Transactional Banking Services, Jaime Jos - Senior Relationship Manager, Corporate and Institutional Banking Group, Commodities- Precious metals and Diamonds, Ahmed Al Qassim - Group Head, Wholesale Banking Group, Dr. Joy Alukkas - Chairman of Joyalukkas Group, John Paul Alukkas - Managing Director of Joyalukkas International Operations and Thomas Scaria - General Manager Finance, Joyalukkas International Operations. Contact: Reghu care@ 0091 080 25127900b2bindia@ Dubai To view the source version of this press release, please visit
