Latest news with #GulfEquities
Yahoo
6 days ago
- Business
- Yahoo
Top Middle Eastern Dividend Stocks To Watch In July 2025
The Middle Eastern stock markets have recently experienced mixed performance amid uncertainties surrounding U.S. trade policies, with Gulf equities showing cautious investor sentiment due to potential tariff impacts. In this environment, dividend stocks can offer a measure of stability and income potential, making them an attractive option for investors looking to navigate the current market landscape. Name Dividend Yield Dividend Rating Saudi Telecom (SASE:7010) 9.82% ★★★★★☆ Saudi National Bank (SASE:1180) 5.41% ★★★★★☆ Saudi Awwal Bank (SASE:1060) 5.83% ★★★★★☆ Riyad Bank (SASE:1010) 6.23% ★★★★★☆ National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) 6.95% ★★★★★☆ Emirates NBD Bank PJSC (DFM:EMIRATESNBD) 4.09% ★★★★★☆ Emaar Properties PJSC (DFM:EMAAR) 7.17% ★★★★★☆ Commercial Bank of Dubai PSC (DFM:CBD) 5.55% ★★★★★☆ Arab National Bank (SASE:1080) 5.93% ★★★★★☆ Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) 7.64% ★★★★★☆ 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. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Emirates Insurance Company P.J.S.C. operates in the general insurance and reinsurance sectors across the United Arab Emirates, the United States, and Europe, with a market cap of AED1.10 billion. Operations: Emirates Insurance Company P.J.S.C. generates its revenue primarily from underwriting activities amounting to AED2.31 billion and investments totaling AED82.53 million. Dividend Yield: 6.8% Emirates Insurance Company P.J.S.C. recently approved a reduced cash dividend of 50 Fils per share (AED 75 million) for FY2024, highlighting challenges in sustaining payouts amid declining net income. Despite a high dividend yield of 6.85%, which ranks among the top in the AE market, dividends are not well-covered by free cash flow and have been unreliable over the past decade. The company's payout ratio remains reasonable at 72.3% based on earnings, but volatility in share price and earnings raises concerns about future stability. Take a closer look at Emirates Insurance Company P.J.S.C's potential here in our dividend report. In light of our recent valuation report, it seems possible that Emirates Insurance Company P.J.S.C is trading beyond its estimated value. Simply Wall St Dividend Rating: ★★★★★☆ Overview: Commercial Bank of Dubai PSC offers commercial and retail banking services in the United Arab Emirates, with a market cap of AED27.31 billion. Operations: Commercial Bank of Dubai PSC's revenue is primarily derived from Personal Banking (AED1.97 billion), Corporate Banking (AED1.33 billion), and Institutional Banking (AED1.34 billion) segments in the United Arab Emirates. Dividend Yield: 5.5% Commercial Bank of Dubai PSC offers a stable dividend profile, with dividends consistently covered by earnings at a payout ratio of 50.1%, forecasted to improve to 40.3% in three years. The bank's earnings grew by AED 0.05 per share year-on-year, supporting its reliable dividend history over the past decade. Despite a lower-than-top-tier yield of 5.55%, its valuation is attractive with a P/E ratio below the market average, though high bad loans remain a concern. Click here and access our complete dividend analysis report to understand the dynamics of Commercial Bank of Dubai PSC. Insights from our recent valuation report point to the potential overvaluation of Commercial Bank of Dubai PSC shares in the market. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Saudi Networkers Services Company operates in the implementation, establishment, maintenance, operation, installation, and management of telecommunication networks in Saudi Arabia and Algeria with a market cap of SAR420 million. Operations: Saudi Networkers Services Company's revenue primarily comes from its Computer Services segment, which generated SAR571.06 million. Dividend Yield: 6.2% Saudi Networkers Services offers a compelling dividend yield of 6.21%, placing it in the top 25% of Saudi Arabian dividend payers. Although dividends have been paid for only three years, they are well-covered by earnings (payout ratio: 73.2%) and cash flows (cash payout ratio: 47.3%). Recent executive changes, with Ahmad Abu Nehmeh appointed as Acting CEO, may influence future strategic directions but do not immediately impact its current dividend sustainability or value proposition. Get an in-depth perspective on Saudi Networkers Services' performance by reading our dividend report here. The valuation report we've compiled suggests that Saudi Networkers Services' current price could be quite moderate. Access the full spectrum of 75 Top Middle Eastern Dividend Stocks by clicking on this link. Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments. Take control of your financial future using Simply Wall St, offering free, in-depth knowledge of international markets to every investor. 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:EIC DFM:CBD and SASE:9543. 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@ Sign in to access your portfolio
Zawya
6 days ago
- Business
- Zawya
Mideast Stocks: Gulf stocks mixed on US tariff uncertainty
Gulf equities ended mixed on Tuesday, with investors exercising caution over U.S. trade policies after President Donald Trump announced steep import levies on several trading partners and pushed the tariff deadline to August 1. While Gulf economies were spared from immediate measures, Trump had earlier announced plans to impose an additional 10% tariff on countries aligning with the "anti-American policies" of the BRICS bloc, which includes the UAE. Saudi Arabia, while not a BRICS member, attended a BRICS meeting in April. Saudi Arabia's benchmark index dropped 0.5%, ending a four-day winning streak as most sectors closed in red. ACWA Power Company slid 3.4%, while Al Rajhi Bank fell 0.2%. Oil prices - a catalyst for the Gulf's financial markets -retreated after gaining nearly 2% in the previous session on tariff concerns and a higher-than-expected increase in OPEC+ output planned for August. Dubai's main share index lost 0.1%, after reaching a 17-year peak the previous day, with blue-chip developer Emaar Properties dropping 0.7%. In Abu Dhabi, the index was marginally up. Qatar's benchmark index added 0.3%, supported by a 1.1% rise in the Qatar Islamic Bank. Meanwhile, Egypt's stock exchange said it had suspended trading on Tuesday, citing ongoing disruptions affecting brokerage firms' ability to communicate efficiently across the trading system, a day after a fire broke out in a telecoms data centre in Cairo. SAUDI ARABIA dropped 0.5% to 11,294 ABU DHABI added 0.1% to 10,012 DUBAI eased 0.1% to 5,794 QATAR firmed 0.3% to 10,834 BAHRAIN was up 0.7% to 1,961 OMAN slipped 0.5% to 4,554 KUWAIT increased 0.2% to 9,213 (Reporting by Amna Mariyam and Ateeq Shariff in Bengaluru; Editing by Leroy Leo)
Zawya
07-07-2025
- Business
- Zawya
Mideast Stocks: Most Gulf markets gain on US trade progress
Most Gulf equities ended higher on Monday as U.S. President Donald Trump signalled progress on multiple trade agreements and announced extended tariff reprieves for several countries. The White House is close to finalising several trade agreements in the coming days and will notify other countries of higher tariffs by July 9, with the new rates effective August 1, Trump said on Sunday. Saudi Arabia's benchmark index rose 0.3%, helped by a 0.8% gain in oil giant Saudi Aramco. Oil shrugged off the impact of OPEC+ hiking output more than expected for August as well as concerns about the potential impact of U.S. tariffs, with prices mostly reversing early losses as a tight physical market lent support. In a show of confidence in oil demand, Saudi Arabia on Sunday raised the August price for its flagship Arab Light crude to a four-month high for Asia. The uncertainty surrounding oil prices, especially with OPEC+ gradually increasing production, remains a key risk for the Saudi market, said Joseph Dahrieh, managing principal at Tickmill. "However, the market could find support as Saudi Arabia expands its share in the oil market," he said. Dubai's benchmark index gained 0.9%, hitting a 17-year high, driven by financial shares. Emirates NBD jumped 2.3%, while Dubai Islamic Bank rose 1%. According to Dahrieh, the Dubai stock market's strong fundamentals suggest potential for further growth, while U.S. trade policy risks could continue to weigh on sentiment. In Abu Dhabi, the index added 0.3%, with Burjeel Holdings surging 14.7% after announcing expansion into Saudi Arabia. Meanwhile, Trump announced plans to impose an additional 10% tariff on countries aligning with the "anti-American policies" of the BRICS bloc, which includes the United Arab Emirates. While Saudi Arabia attended a BRICS meeting in April, it has not formally joined the group. Qatar's benchmark index added 0.5%, helped by a 1.5% increase in Qatar International Islamic Bank. Outside the Gulf, Egypt's blue-chip index finished 0.4% higher, with electronic payments provider Fawry climbing 2.4%. SAUDI ARABIA rose 0.3% to 11,345 ABU DHABI up 0.3% to 10,007 DUBAI advanced 0.9% to 5,803 QATAR gained 0.5% to 10,801 EGYPT added 0.4% to 33,038 OMAN was up 0.3% to 4,578 KUWAIT increased 0.5% to 9,193 (Reporting by Amna Mariyam and Ateeq Shariff in Bengaluru)
Zawya
12-05-2025
- Business
- Zawya
Mideast Stocks: Most Gulf shares gain on US-China tariff deal; Egypt snaps losing streak
Gulf equities ended higher on Monday as the U.S. and China agreed to temporarily slash harsh reciprocal tariffs while U.S. President Donald Trump's planned visit to Saudi Arabia and Gulf states on Tuesday also raised investor sentiment. The U.S. will cut extra tariffs it imposed on Chinese imports in April to 30% from 145% and Chinese duties on U.S. imports will fall to 10% from 125%, the two countries said on Monday following talks in Geneva. The new measures are effective for 90 days. Saudi Arabia's benchmark stock index rose 1.3%, the sharpest rise in a month with almost all sectors in the green. Saudi Aramco gained 2.2% after the world's top oil exporter reported a net profit of 97.54 billion riyals ($26.01 billion) in the first quarter on Sunday, beating a company-provided median estimate from 16 analysts of $25.36 billion. Among other gainers, National Industrialization Co rose 1.1% after the petrochemical company posted a quarterly net profit compared to a net loss a year earlier. Meanwhile, Saudi Arabia and the United States are set to discuss a number of blockbuster economic deals during Trump's visit on Tuesday, with the U.S. poised to offer Saudi Arabia an arms package worth well over $100 billion, sources have told Reuters. The Qatari benchmark index continued its three-session winning streak and rose 0.7%, with most stocks posting gains. Qatar National Bank, the region's largest lender, gained 2% and Qatar Electricity and Water (QEWC) climbed 4%, its biggest rise in more than a year. Qatar's main electricity and desalinated water supplier, QEWC said on Monday that Qatar General Electricity and Water Corporation 'Kahramaa' has signed a strategic agreement with QEWC, QatarEnergy, and Sumitomo Corporation to build the Ras Abu Fontas Independent Water and Power Facility at a cost of 13.5 billion Qatari Riyals ($3.71 billion). Dubai's benchmark stock index was up 0.4%, helped by a 7.3% rise in Parkin and a 2.8% gain in Talabat Holding. The online food ordering company Talabat reported a first-quarter net profit of $103.3 million. The Abu Dhabi benchmark index edged up 0.1% with Aldar Properties gaining 1% and Fertiglobe rising 2.2%. The fertilizer producer has signed an asset sale and purchase agreement to acquire the distribution assets of Wengfu Australia Pty Ltd. Outside the Gulf, Egypt's blue-chip index advanced 0.5% after three consecutive sessions of losses. Commercial International Bank rose 1.1% and Abu Dhabi Islamic Bank Egypt climbed 3.6%. The lender reported a 43% rise in first quarter net profit. SAUDI ARABIA up 1.3% to 11,489 KUWAIT gained 0.1% to 8,730 QATAR rose 0.7% to 10,609 EGYPT up 0.5% to 31,577 BAHRAIN fell 0.2% to 1,916 OMAN up 0.5% to 4,376 ABU DHABI rose 0.1% to 9,639 DUBAI gained 0.4% to 5,334 ($1 = 3.6727 UAE dirham) ($1 = 3.7507 riyals) ($1 = 3.6412 Qatar riyals) (Reporting by Md Manzer Hussain; Editing by Joe Bavier)
Arab News
12-05-2025
- Business
- Arab News
Most Gulf shares gain on US-China tariff deal; Egypt snaps losing streak
LONDON: Gulf equities ended higher on Monday as the US and China agreed to temporarily slash harsh reciprocal tariffs while US President Donald Trump's planned visit to Saudi Arabia and Gulf states on Tuesday also raised investor sentiment. The US will cut extra tariffs it imposed on Chinese imports in April to 30 percent from 145 percent and Chinese duties on US imports will fall to 10 percent from 125 percent, the two countries said on Monday following talks in Geneva. The new measures are effective for 90 days. Saudi Arabia's benchmark stock index rose 1.3 percent, the sharpest rise in a month with almost all sectors in the green. Saudi Aramco gained 2.2 percent after the world's top oil exporter reported a net profit of SR97.54 billion ($26.01 billion) in the first quarter on Sunday, beating a company-provided median estimate from 16 analysts of $25.36 billion. Among other gainers, National Industrialization Co. rose 1.1 percent after the petrochemical company posted a quarterly net profit compared to a net loss a year earlier. Meanwhile, Saudi Arabia and the US are set to discuss a number of blockbuster economic deals during Trump's visit on Tuesday, with the US poised to offer Saudi Arabia an arms package worth well over $100 billion, sources have told Reuters. The Qatari benchmark index continued its three-session winning streak and rose 0.7 percent, with most stocks posting gains. Qatar National Bank, the region's largest lender, gained 2 percent and Qatar Electricity and Water climbed 4 percent, its biggest rise in more than a year. Qatar's main electricity and desalinated water supplier, QEWC said on Monday that Qatar General Electricity and Water Corporation 'Kahramaa' has signed a strategic agreement with QEWC, QatarEnergy, and Sumitomo Corporation to build the Ras Abu Fontas Independent Water and Power Facility at a cost of 13.5 billion Qatari riyals ($3.71 billion). Dubai's benchmark stock index was up 0.4 percent, helped by a 7.3 percent rise in Parkin and a 2.8 percent gain in Talabat Holding. The online food ordering company Talabat reported a first-quarter net profit of $103.3 million. The Abu Dhabi benchmark index edged up 0.1 percent with Aldar Properties gaining 1 percent and Fertiglobe rising 2.2 percent. The fertilizer producer has signed an asset sale and purchase agreement to acquire the distribution assets of Wengfu Australia Pty Ltd. Outside the Gulf, Egypt's blue-chip index advanced 0.5 percent after three consecutive sessions of losses. Commercial International Bank rose 1.1 percent and Abu Dhabi Islamic Bank Egypt climbed 3.6 percent. The lender reported a 43 percent rise in first quarter net profit.
