Latest news with #NationalBankofRasAlKhaimah
Yahoo
26-05-2025
- Business
- Yahoo
Middle Eastern Dividend Stocks To Enhance Your Portfolio
The Middle Eastern stock markets, particularly in Dubai and Abu Dhabi, have shown impressive resilience with indices logging their sixth consecutive week of gains, driven by strategic business agreements and a surge in investor confidence. In such a thriving market environment, dividend stocks can be an attractive option for investors seeking to enhance their portfolios through steady income streams while benefiting from the region's economic momentum. Name Dividend Yield Dividend Rating FMS Enterprises Migun (TASE:FBRT) 7.19% ★★★★★★ Turkiye Garanti Bankasi (IBSE:GARAN) 3.96% ★★★★★☆ Emaar Properties PJSC (DFM:EMAAR) 7.38% ★★★★★☆ Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) 7.58% ★★★★★☆ Arab National Bank (SASE:1080) 6.09% ★★★★★☆ Saudi Awwal Bank (SASE:1060) 6.01% ★★★★★☆ National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) 7.75% ★★★★★☆ Saudi National Bank (SASE:1180) 5.80% ★★★★★☆ Saudi Telecom (SASE:7010) 9.98% ★★★★★☆ Delek Group (TASE:DLEKG) 8.35% ★★★★★☆ 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: The National Bank of Ras Al-Khaimah (P.S.C.) offers retail, Islamic, and commercial banking services in the UAE and has a market cap of AED12.97 billion. Operations: The National Bank of Ras Al-Khaimah (P.S.C.) generates revenue through its Retail Banking segment at AED1.15 billion, Business Banking at AED1.86 billion, and Wholesale Banking at AED1.31 billion. Dividend Yield: 7.8% RAKBANK's dividend yield is among the top 25% in the AE market, supported by a low payout ratio of 45.7%, indicating dividends are well covered by earnings. Despite an unstable dividend history, recent approval of a cash dividend increase to AED 1,006 million reflects a commitment to shareholder returns. However, with earnings forecasted to decline and high non-performing loans at 2.2%, investors should remain cautious about long-term sustainability despite current attractive valuations. Unlock comprehensive insights into our analysis of National Bank of Ras Al-Khaimah (P.S.C.) stock in this dividend report. Our expertly prepared valuation report National Bank of Ras Al-Khaimah (P.S.C.) implies its share price may be lower than expected. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Bank Albilad, with a market cap of SAR40.35 billion, operates in the Kingdom of Saudi Arabia offering a range of banking products and services through its subsidiaries. Operations: Bank Albilad generates revenue from several segments, including Retail Banking (SAR2.09 billion), Treasury Sector (SAR1.19 billion), Corporate Banking (SAR1.97 billion), and Investment and Brokerage Services Sector (SAR405.54 million). Dividend Yield: 3.1% Bank Albilad's dividend payments, while increasing over the past decade, have been volatile and are currently below top-tier yields in the Saudi Arabian market. The bank maintains a low payout ratio of 42.7%, suggesting dividends are well covered by earnings. Recent developments include a USD 650 million Sukuk issuance to bolster financial stability and strategic board changes aimed at enhancing governance. Despite its unstable dividend history, these steps indicate efforts to strengthen financial foundations and shareholder value. Click to explore a detailed breakdown of our findings in Bank Albilad's dividend report. According our valuation report, there's an indication that Bank Albilad's share price might be on the expensive side. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Computer Direct Group Ltd. operates in the computing and software sector in Israel, with a market cap of ₪1.45 billion. Operations: Computer Direct Group Ltd.'s revenue is primarily derived from Infrastructure and Computing (₪1.22 billion), Outsourcing of Business Processes and Technology Support Centers (₪316.01 million), and Technological Solutions and Services, Management Consulting, and Value-Added Services (₪2.49 billion). Dividend Yield: 9% Computer Direct Group's dividend yield of 9.02% ranks in the top 25% of Israeli stocks, yet its sustainability is questionable with a payout ratio of 150.1%, indicating dividends are not covered by earnings. Despite this, cash flow coverage remains strong at a 33.8% payout ratio. Earnings have grown significantly, but dividend payments have been volatile over the past decade and lack reliability, as evidenced by inconsistent growth patterns and historical volatility. Navigate through the intricacies of Computer Direct Group with our comprehensive dividend report here. According our valuation report, there's an indication that Computer Direct Group's share price might be on the cheaper side. Discover the full array of 75 Top Middle Eastern Dividend Stocks right here. Already own these companies? Link your portfolio to Simply Wall St and get alerts on any new warning signs to your stocks. 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:RAKBANK SASE:1140 and TASE:CMDR. 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@
Yahoo
23-05-2025
- Business
- Yahoo
Middle Eastern Dividend Stocks To Consider In May 2025
As the Middle Eastern markets navigate a period of volatility, with Saudi Arabia experiencing its worst weekly performance in over a month and Dubai's index seeing slight gains, investors are closely monitoring the impact of fluctuating oil prices and geopolitical developments. In such an environment, dividend stocks can offer stability and income potential, making them an attractive option for those seeking to balance risk with steady returns. Name Dividend Yield Dividend Rating Emaar Properties PJSC (DFM:EMAAR) 7.35% ★★★★★☆ Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) 7.44% ★★★★★☆ Riyad Bank (SASE:1010) 6.35% ★★★★★☆ Arab National Bank (SASE:1080) 6.00% ★★★★★☆ Saudi Awwal Bank (SASE:1060) 5.95% ★★★★★☆ National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) 7.75% ★★★★★☆ Saudi National Bank (SASE:1180) 5.63% ★★★★★☆ Saudi Telecom (SASE:7010) 9.86% ★★★★★☆ Delek Group (TASE:DLEKG) 8.34% ★★★★★☆ Commercial Bank of Dubai PSC (DFM:CBD) 5.97% ★★★★★☆ Click here to see the full list of 74 stocks from our Top Middle Eastern Dividend Stocks screener. Let's review some notable picks from our screened stocks. 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 AED4.48 billion. Operations: The revenue segments for National Bank of Umm Al-Qaiwain (PSC) include Treasury and Investments at AED400.90 million and Retail and Corporate Banking at AED327.74 million. Dividend Yield: 8% National Bank of Umm Al-Qaiwain (PSC) offers a dividend yield of 8.04%, placing it in the top 25% within the AE market. Despite a reasonable payout ratio of 69.8%, its dividend history is marked by volatility and unreliability over the past decade, with unstable growth patterns. The bank's high level of bad loans at 3.7% and low allowance for them could pose risks to future payouts, though recent earnings showed an increase in net income to AED 185.79 million for Q1 2025 from AED 175.74 million last year, indicating some financial resilience amidst these challenges. Get an in-depth perspective on National Bank of Umm Al-Qaiwain (PSC)'s performance by reading our dividend report here. Insights from our recent valuation report point to the potential overvaluation of National Bank of Umm Al-Qaiwain (PSC) shares in the market. Simply Wall St Dividend Rating: ★★★★★☆ Overview: Emirates NBD Bank PJSC, along with its subsidiaries, offers corporate, institutional, retail, treasury, and Islamic banking services and has a market capitalization of AED143.39 billion. Operations: Emirates NBD Bank PJSC's revenue is derived from Retail Banking and Wealth Management (AED16.01 billion), Corporate and Institutional Banking (AED10.73 billion), Deniz Bank (AED10.69 billion), and Global Markets and Treasury (AED2.74 billion). Dividend Yield: 4.4% Emirates NBD Bank PJSC offers a stable dividend yield of 4.41%, though below the top 25% in the AE market. Its dividends are well-covered by earnings, with a low payout ratio of 28.8%, ensuring sustainability. Despite a high level of non-performing loans at 3%, its price-to-earnings ratio of 6.5x suggests good value compared to peers, and dividend payments have been reliable and growing over the past decade amidst consistent earnings growth. Dive into the specifics of Emirates NBD Bank PJSC here with our thorough dividend report. Our comprehensive valuation report raises the possibility that Emirates NBD Bank PJSC is priced lower than what may be justified by its financials. 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 SAR411 million. Operations: Saudi Networkers Services Company generates revenue primarily from its Computer Services segment, totaling SAR571.06 million. Dividend Yield: 6.4% Saudi Networkers Services offers a compelling dividend yield in the top 25% of the Saudi market, supported by a sustainable payout ratio of 73.2%. Despite only three years of dividend history, payments have been stable and well-covered by cash flows with a low cash payout ratio of 47.3%. Recent executive changes may introduce some uncertainty; however, its valuation at 63% below estimated fair value could present an attractive opportunity for investors seeking dividends. Take a closer look at Saudi Networkers Services' potential here in our dividend report. According our valuation report, there's an indication that Saudi Networkers Services' share price might be on the cheaper side. Gain an insight into the universe of 74 Top Middle Eastern Dividend Stocks by clicking here. Invested in any of these stocks? Simplify your portfolio management with Simply Wall St and stay ahead with our alerts for any critical updates on your stocks. Simply Wall St is your key to unlocking global market trends, a free user-friendly app for forward-thinking investors. 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:NBQ DFM:EMIRATESNBD 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@
Zawya
22-04-2025
- Business
- Zawya
RAKBANK's assets exceed $24.52bln for first time in Q1-25; profits up 23%
Abu Dhabi – The National Bank of Ras Al Khaimah (RAKBANK) achieved net profits after tax valued at AED 704.49 million in the first quarter (Q1) of 2025, an annual rise of 22.70% from AED 574.19 million. Interest income hiked to AED 1.11 billion as of 31 March 2025 from AED 1.09 billion in Q1-24, according to the financial results. Basic and diluted earnings per share (EPS) increased to AED 0.35 in the first three months (3M) of 2025 from AED 0.29 a year earlier. Total Assets have crossed AED 90 billion for the first time in the bank's history, while the customer deposits jumped by 18.20% year-on-year (YoY) to AED 61 billion in Q1-25. RAKBANK recorded a 16.40% growth in net profit after tax to AED 2.07 billion at the end of December 2024, compared to AED 1.78 billion in 2023. Source: Mubasher
Al Bawaba
22-04-2025
- Business
- Al Bawaba
Record growth continues, RAKBANK delivers AED 772M profit before tax despite increased global uncertainty
The National Bank of Ras Al Khaimah (RAKBANK) today reported its financial results for first Quarter of 2025 Highlights - Q1 2025 All percentage variances are YoY Key Financial Highlights – Q1 2025 Profit after tax of AED 704M for Q1'25 up 22.7% over Q1'24Operating Profit of AED 866M up 10.2% YoY on the back of strong growth in balance sheet and non-interest incomeOperating Expenses grew by 11.8% vs last year driven by continued investments in technology, data, people and customer experience. Cost to income ratio (CIR) at 33.4% vs. 33.1% for Q1'24Total Assets have crossed AED 90B for the first time in Bank's historyGross loans & advances surpassed AED 50B mark, reflecting a 16.7% YoY increase. Growth driven by all segments, with Wholesale Banking loans growing by 30.1% YoY, aligning with the bank's diversification strategyCustomer deposits reached AED 61.0B, up 18.2% YoY, with a CASA1 ratio of 65%, up 10.2% YoY, one of the highest in the industryPortfolio credit quality remains robust with cost of risk at 0.8% as against 1.5% during the same period last year, supported by a strategic shift in business mix towards secured, low risk assetsThe impaired loan ratio as at Q1'25 improved to 2.1% against 2.6% as at Q1'24 while 'Provisions to Gross Loans' ratio of 5.6% compared to 6.0% as of Q1'24, providing adequate coverageShareholder returns remained strong with Return on Equity (ROE) of 22.4% against 21.4% in Q1'24 and Return on Assets (ROA) of 3.2% against 3.1% in Q1'24The Bank remains well capitalized with capital adequacy ratio (CAR) at 18.6% for Q1'25 against 17.2% as at Q1'24Strong liquidity position is reflected by an Eligible Liquid Asset Ratio of 17.1% vs. 13.5% at Q1'24 and Advances to Stable Resources Ratio at 76.4% vs. 78.7% at Q1'24 1- Current Accounts and Savings Accounts to total Customer Deposits
Mid East Info
21-04-2025
- Business
- Mid East Info
Record growth continues, RAKBANK delivers AED 772M profit before tax despite increased global uncertainty - Middle East Business News and Information
The National Bank of Ras Al Khaimah (RAKBANK) today reported its financial results for first Quarter of 2025 Highlights – Q1 2025 All percentage variances are YoY Key Financial Highlights – Q1 2025 Profit after tax of AED 704M for Q1'25 up 22.7% over Q1'24 Operating Profit of AED 866M up 10.2% YoY on the back of strong growth in balance sheet and non-interest income Operating Expenses grew by 11.8% vs last year driven by continued investments in technology, data, people and customer experience. Cost to income ratio (CIR) at 33.4% vs. 33.1% for Q1'24 Total Assets have crossed AED 90B for the first time in Bank's history Gross loans & advances surpassed AED 50B mark, reflecting a 16.7% YoY increase. Growth driven by all segments, with Wholesale Banking loans growing by 30.1% YoY, aligning with the bank's diversification strategy Customer deposits reached AED 61.0B, up 18.2% YoY, with a CASA 1 ratio of 65%, up 10.2% YoY, one of the highest in the industry ratio of 65%, up 10.2% YoY, one of the highest in the industry Portfolio credit quality remains robust with cost of risk at 0.8% as against 1.5% during the same period last year, supported by a strategic shift in business mix towards secured, low risk assets The impaired loan ratio as at Q1'25 improved to 2.1% against 2.6% as at Q1'24 while 'Provisions to Gross Loans' ratio of 5.6% compared to 6.0% as of Q1'24, providing adequate coverage Shareholder returns remained strong with Return on Equity (ROE) of 22.4% against 21.4% in Q1'24 and Return on Assets (ROA) of 3.2% against 3.1% in Q1'24 The Bank remains well capitalized with capital adequacy ratio (CAR) at 18.6% for Q1'25 against 17.2% as at Q1'24 Strong liquidity position is reflected by an Eligible Liquid Asset Ratio of 17.1% vs. 13.5% at Q1'24 and Advances to Stable Resources Ratio at 76.4% vs. 78.7% at Q1'24 About RAKBANK: RAKBANK, also known as the National Bank of Ras Al Khaimah (P.S.C), is one of the UAE's oldest yet most dynamic banks. Since 1976, RAKBANK has been a market leader, offering a wide range of banking services across the UAE. We're a public joint stock company based in Ras Al Khaimah, UAE, with our head office located in the RAKBANK Building on Sheikh Mohammed Bin Zayed Road. The Government of Ras Al Khaimah holds the majority of our shares, which are publicly traded on the Abu Dhabi Securities Exchange (ADX). RAKBANK stands out for its innovation and unwavering commitment to delivering awesome customer experiences. Our transformative digital journey aims to be a 'digital bank with a human touch,' accompanying you during key moments. With 21 branches and advanced Digital Banking solutions, we offer a wide range of Personal, Wholesale, and Business Banking services. Through our Islamic Banking unit, RAKislamic, we provide Sharia-compliant services to make your banking experience seamless, whether you visit us in person or online.
