- Middle Eastern Dividend Stocks Including Abu Dhabi Commercial Bank PJSC For Your Portfolio
Apr 29, 2026
In the current landscape, Middle Eastern stock markets are navigating a complex environment marked by geopolitical tensions and fluctuating energy prices, leading to mixed performances across the Gulf region. Amidst this backdrop, dividend stocks can offer a measure of stability and income potential for investors seeking to mitigate volatility while benefiting from steady cash flows.
Top 10 Dividend Stocks In The Middle East
Name Dividend Yield Dividend Rating Turkiye Garanti Bankasi (IBSE:GARAN) 3.26% ★★★★★☆ Saudi Investment Bank (SASE:1030) 5.97% ★★★★★☆ National General Insurance (P.J.S.C.) (DFM:NGI) 8.18% ★★★★★☆ Matrix IT (TASE:MTRX) 3.93% ★★★★★☆ Emirates Insurance Company P.J.S.C (ADX:EIC) 7.89% ★★★★★★ Emaar Properties PJSC (DFM:EMAAR) 7.99% ★★★★★☆ Dubai Insurance Company (P.S.C.) (DFM:DIN) 5.88% ★★★★★☆ Computer Direct Group (TASE:CMDR) 5.44% ★★★★★☆ Arab National Bank (SASE:1080) 5.91% ★★★★★☆ Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) 5.26% ★★★★★☆
Click here to see the full list of 57 stocks from our Top Middle Eastern Dividend Stocks screener.
Let's explore several standout options from the results in the screener.
Abu Dhabi Commercial Bank PJSC
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Abu Dhabi Commercial Bank PJSC offers a range of banking products and services both in the United Arab Emirates and internationally, with a market capitalization of approximately AED109.74 billion.
Operations: Abu Dhabi Commercial Bank PJSC's revenue is primarily derived from its Corporate and Investment Banking segment at AED9.39 billion, followed by Investments and Treasury at AED5.65 billion, and Retail Banking at AED5.33 billion.
Dividend Yield: 4.5%
Abu Dhabi Commercial Bank PJSC demonstrates a mixed profile for dividend investors. Recent earnings show strong performance, with net income rising to AED 3.36 billion in Q1 2026, reflecting a solid financial footing. Despite this, the bank's dividend history is volatile and below top-tier yields in the AE market at 4.53%. However, its dividends are well covered by earnings with a payout ratio of 40.5%, suggesting sustainability despite past inconsistencies.
Navigate through the intricacies of Abu Dhabi Commercial Bank PJSC with our comprehensive dividend report here. The analysis detailed in our Abu Dhabi Commercial Bank PJSC valuation report hints at an deflated share price compared to its estimated value.ADX:ADCB Dividend History as at Apr 2026
Emirates Driving Company P.J.S.C
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Emirates Driving Company P.J.S.C., along with its subsidiaries, specializes in managing and developing motor vehicle driving training in the United Arab Emirates, with a market cap of AED3.31 billion.
Story Continues
Operations: Emirates Driving Company P.J.S.C. generates revenue primarily from its Car and Other Related Services segment, which amounts to AED770.49 million.
Dividend Yield: 6.5%
Emirates Driving Company P.J.S.C. offers a moderate dividend profile, with dividends well-covered by earnings and cash flows, indicated by payout ratios of 64.7% and 66.8%, respectively. However, the dividend history is volatile over the past decade. The company reported strong financial results for 2025 with net income rising to AED 332.97 million, but its dividend yield of 6.51% falls short compared to top payers in the AE market.
Get an in-depth perspective on Emirates Driving Company P.J.S.C's performance by reading our dividend report here. Insights from our recent valuation report point to the potential undervaluation of Emirates Driving Company P.J.S.C shares in the market.ADX:DRIVE Dividend History as at Apr 2026
Shufersal
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Shufersal Ltd. operates a chain of supermarkets under the Shufersal brand name in Israel, with a market cap of ₪11.99 billion.
Operations: Shufersal Ltd. generates revenue through its chain of supermarkets across Israel.
Dividend Yield: 3%
Shufersal's dividend strategy is supported by a low cash payout ratio of 23.4%, indicating strong coverage by free cash flows, while its earnings payout ratio stands at 81.3%. Despite an unstable dividend track record over the past decade, payments have grown during this period. Recent financial results show net income increased to ILS 711 million for 2025, although sales declined to ILS 14.49 billion from the previous year’s ILS 15.64 billion, reflecting mixed performance trends.
Take a closer look at Shufersal's potential here in our dividend report. Our valuation report unveils the possibility Shufersal's shares may be trading at a discount.TASE:SAE Dividend History as at Apr 2026
Taking Advantage
Click here to access our complete index of 57 Top Middle Eastern Dividend Stocks. Already own these companies? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly. Enhance your investing ability with the Simply Wall St app and enjoy free access to essential market intelligence spanning every continent.
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:ADCB ADX:DRIVE and TASE:SAE.
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 editorial-team@simplywallst.com
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- 3 Middle Eastern Dividend Stocks To Consider With Up To 8.2% Yield
Feb 4, 2026
As Gulf markets show resilience with gains ahead of earnings and amid geopolitical tensions, investors are increasingly turning their attention to dividend stocks for stable returns. In this environment, selecting stocks with strong fundamentals and attractive yields can be a prudent strategy for those looking to capitalize on the region's economic growth.
Top 10 Dividend Stocks In The Middle East
Name Dividend Yield Dividend Rating Yeni Gimat Gayrimenkul Yatirim Ortakligi (IBSE:YGGYO) 5.01% ★★★★★★ Turkcell Iletisim Hizmetleri (IBSE:TCELL) 3.07% ★★★★★☆ Riyad Bank (SASE:1010) 6.06% ★★★★★☆ National General Insurance (P.J.S.C.) (DFM:NGI) 7.22% ★★★★★☆ Gan Shmuel Foods (TASE:GSFI) 5.77% ★★★★★☆ Dubai Insurance Company (P.S.C.) (DFM:DIN) 5.93% ★★★★★☆ Computer Direct Group (TASE:CMDR) 8.08% ★★★★★☆ Banque Saudi Fransi (SASE:1050) 5.94% ★★★★★☆ Arab National Bank (SASE:1080) 5.78% ★★★★★☆ Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) 4.79% ★★★★★☆
Click here to see the full list of 55 stocks from our Top Middle Eastern Dividend Stocks screener.
Let's dive into some prime choices out of the screener.
Commercial Bank of Dubai PSC
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 capitalization of AED29.17 billion.
Operations: Commercial Bank of Dubai PSC generates revenue through its key segments: Personal Banking (AED2.25 billion), Institutional Banking (AED1.54 billion), and Corporate Banking (AED1.20 billion).
Dividend Yield: 6%
Commercial Bank of Dubai PSC recently reported robust earnings growth, with net income rising to AED 3.5 billion for 2025, reflecting a solid financial position. The bank announced an annual dividend of AED 0.5862 per share, maintaining its stable and reliable dividend history over the past decade despite being slightly below top-tier yields in the AE market. With a payout ratio of 52%, dividends are comfortably covered by earnings, although the bank has a high level of bad loans at 4.1%.
Unlock comprehensive insights into our analysis of Commercial Bank of Dubai PSC stock in this dividend report. Our expertly prepared valuation report Commercial Bank of Dubai PSC implies its share price may be too high.DFM:CBD Dividend History as at Feb 2026
Adeer Real Estate
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Adeer Real Estate Company offers real estate marketing services to individuals, companies, and institutions in Saudi Arabia, with a market cap of SAR604.50 million.
Operations: Adeer Real Estate Company generates revenue primarily from its real estate marketing segment, amounting to SAR145.33 million.
Story Continues
Dividend Yield: 8.3%
Adeer Real Estate's dividend yield of 8.27% ranks in the top 25% of Saudi Arabian dividend payers, though its recent initiation means reliability and growth trends are unestablished. The low payout ratio of 3.2% indicates strong earnings coverage, complemented by a cash payout ratio of 44.9%. A new agreement with Sumou Taibah Real Estate promises positive financial impacts from property management services at the Sumou Gate project, enhancing potential revenue streams for Adeer.
Dive into the specifics of Adeer Real Estate here with our thorough dividend report. The analysis detailed in our Adeer Real Estate valuation report hints at an deflated share price compared to its estimated value.SASE:9634 Dividend History as at Feb 2026
Shufersal
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Shufersal Ltd. operates a chain of supermarkets under the Shufersal brand name in Israel, with a market cap of ₪11.35 billion.
Operations: Shufersal Ltd.'s revenue primarily comes from its retail chains, contributing ₪14.58 billion, with an additional ₪275 million generated from its real estate sector.
Dividend Yield: 3.2%
Shufersal's dividend payments are covered by earnings, with a payout ratio of 81.3%, and cash flows, with a low cash payout ratio of 21%. However, the dividends have been volatile over the past decade. The company's recent earnings report showed decreased sales and net income for Q3 2025 compared to the previous year, potentially impacting future dividend stability. Despite trading below estimated fair value, its dividend yield is lower than top-tier payers in Israel.
Navigate through the intricacies of Shufersal with our comprehensive dividend report here. Our expertly prepared valuation report Shufersal implies its share price may be lower than expected.TASE:SAE Dividend History as at Feb 2026
Seize The Opportunity
Discover the full array of 55 Top Middle Eastern Dividend Stocks right here. Have a stake in these businesses? Integrate your holdings into Simply Wall St's portfolio for notifications and detailed stock reports. Simply Wall St is your key to unlocking global market trends, a free user-friendly app for forward-thinking investors.
Searching for a Fresh Perspective?
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:CBD SASE:9634 and TASE:SAE.
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 editorial-team@simplywallst.com
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- 3 Middle Eastern Dividend Stocks Yielding Up To 5.9%
Jan 6, 2026
As Gulf markets experience a downturn due to weak oil prices and geopolitical tensions, investors are increasingly turning their attention towards dividend stocks as a potential source of steady income. In this environment, selecting stocks with strong fundamentals and consistent dividend yields can be an effective strategy for navigating market volatility while aiming for reliable returns.
Top 10 Dividend Stocks In The Middle East
Name Dividend Yield Dividend Rating Yeni Gimat Gayrimenkul Yatirim Ortakligi (IBSE:YGGYO) 5.21% ★★★★★★ Saudi Awwal Bank (SASE:1060) 6.25% ★★★★★☆ Riyad Bank (SASE:1010) 6.45% ★★★★★☆ National General Insurance (P.J.S.C.) (DFM:NGI) 7.26% ★★★★★☆ Emaar Properties PJSC (DFM:EMAAR) 7.04% ★★★★★☆ Computer Direct Group (TASE:CMDR) 7.30% ★★★★★☆ Commercial Bank of Dubai PSC (DFM:CBD) 5.46% ★★★★★☆ Banque Saudi Fransi (SASE:1050) 6.59% ★★★★★☆ Arab National Bank (SASE:1080) 6.12% ★★★★★☆ Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) 6.06% ★★★★★☆
Click here to see the full list of 59 stocks from our Top Middle Eastern Dividend Stocks screener.
Let's review some notable picks from our screened stocks.
Commercial Bank of Dubai PSC
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 capitalization of AED27.73 billion.
Operations: Commercial Bank of Dubai PSC generates its revenue primarily from Personal Banking (AED2.13 billion), Institutional Banking (AED1.48 billion), and Corporate Banking (AED1.33 billion) services in the United Arab Emirates.
Dividend Yield: 5.5%
Commercial Bank of Dubai PSC offers a reliable dividend yield of 5.46%, supported by a low payout ratio of 46.7%, ensuring dividends are well covered by earnings. Despite having a high level of bad loans at 4%, the bank maintains stable and growing dividend payments over the past decade, though its yield is below top-tier levels in the AE market. Recent earnings growth, with net income reaching AED 2.58 billion for nine months ending September 2025, underscores financial stability.
Click to explore a detailed breakdown of our findings in Commercial Bank of Dubai PSC's dividend report. The valuation report we've compiled suggests that Commercial Bank of Dubai PSC's current price could be inflated.DFM:CBD Dividend History as at Jan 2026
Nahdi Medical
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Nahdi Medical Company is a pharmaceutical retailer operating in the Kingdom of Saudi Arabia and the United Arab Emirates, with a market cap of SAR11.99 billion.
Operations: Nahdi Medical Company's revenue from its retailing segment amounts to SAR9.99 billion.
Story Continues
Dividend Yield: 6%
Nahdi Medical's dividend yield of 5.96% ranks in the top 25% in Saudi Arabia, but its dividends have been volatile over the past three years, with a high payout ratio of 89.6%. Despite recent earnings decline—net income fell to SAR 161.25 million for Q3 2025—the company's dividends remain covered by earnings and cash flows. Trading at a good value compared to peers, Nahdi offers potential growth opportunities despite its unstable dividend history.
Click here to discover the nuances of Nahdi Medical with our detailed analytical dividend report. Upon reviewing our latest valuation report, Nahdi Medical's share price might be too pessimistic.SASE:4164 Dividend History as at Jan 2026
Shufersal
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Shufersal Ltd. operates a chain of supermarkets under the Shufersal brand name in Israel, with a market cap of ₪11.29 billion.
Operations: Shufersal Ltd.'s revenue is primarily derived from its retail chains, contributing ₪14.58 billion, and its real estate sector, adding ₪275 million.
Dividend Yield: 3.2%
Shufersal's dividend payments are well covered by cash flows, with a low cash payout ratio of 21%, though its dividend yield of 3.19% is below the top tier in the IL market. Despite a volatile dividend history over the past decade, earnings have grown at 16.8% annually over five years, supporting sustainability with an earnings payout ratio of 81.3%. Recent Q3 results show decreased sales and net income, indicating potential challenges ahead.
Take a closer look at Shufersal's potential here in our dividend report. Our expertly prepared valuation report Shufersal implies its share price may be lower than expected.TASE:SAE Dividend History as at Jan 2026
Taking Advantage
Discover the full array of 59 Top Middle Eastern Dividend Stocks right here. Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio's performance. Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide markets.
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:CBD SASE:4164 and TASE:SAE.
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 editorial-team@simplywallst.com
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- Middle Eastern Dividend Stocks To Consider In December 2025
Dec 8, 2025
As the Middle Eastern markets experience an upward trend, buoyed by expectations of a U.S. Federal Reserve rate cut, investors are increasingly turning their attention to dividend stocks as a stable income source amidst fluctuating economic conditions. In this environment, selecting dividend stocks with strong fundamentals and consistent payout histories can provide a reliable avenue for income generation and portfolio diversification.
Top 10 Dividend Stocks In The Middle East
Name Dividend Yield Dividend Rating Yeni Gimat Gayrimenkul Yatirim Ortakligi (IBSE:YGGYO) 5.49% ★★★★★★ Saudi Awwal Bank (SASE:1060) 6.37% ★★★★★☆ National General Insurance (P.J.S.C.) (DFM:NGI) 7.76% ★★★★★☆ National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) 6.49% ★★★★★☆ Göltas Göller Bölgesi Cimento Sanayi ve Ticaret (IBSE:GOLTS) 3.54% ★★★★★☆ Emaar Properties PJSC (DFM:EMAAR) 7.12% ★★★★★☆ Computer Direct Group (TASE:CMDR) 8.05% ★★★★★☆ Commercial Bank of Dubai PSC (DFM:CBD) 5.40% ★★★★★☆ Arab National Bank (SASE:1080) 5.79% ★★★★★☆ Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) 5.99% ★★★★★☆
Click here to see the full list of 59 stocks from our Top Middle Eastern Dividend Stocks screener.
Here we highlight a subset of our preferred stocks from the screener.
Commercial Bank of Dubai PSC
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 capitalization of AED28.03 billion.
Operations: The revenue segments for Commercial Bank of Dubai PSC consist of Personal Banking at AED2.13 billion, Corporate Banking at AED1.33 billion, and Institutional Banking at AED1.48 billion.
Dividend Yield: 5.4%
Commercial Bank of Dubai PSC offers a stable dividend profile, with reliable and growing payments over the past decade. Its current payout ratio of 46.7% suggests dividends are well-covered by earnings, projected to remain sustainable with a future payout forecast at 39.3%. Despite offering a lower yield (5.4%) compared to top-tier payers in the AE market, its price-to-earnings ratio (8.6x) indicates good value relative to the market average (11.7x). However, high non-performing loans (4%) and low bad loan allowance (93%) may warrant caution. Recent earnings growth further supports its dividend reliability.
Dive into the specifics of Commercial Bank of Dubai PSC here with our thorough dividend report. According our valuation report, there's an indication that Commercial Bank of Dubai PSC's share price might be on the expensive side.DFM:CBD Dividend History as at Dec 2025
Turcas Petrol
Simply Wall St Dividend Rating: ★★★★☆☆
Story Continues
Overview: Turcas Petrol A.S. is a Turkish investment company engaged in the petrol and energy sectors, with a market capitalization of TRY10.78 billion.
Operations: Turcas Petrol A.S. generates its revenue primarily from investments in the petrol and energy sectors in Turkey.
Dividend Yield: 4.4%
Turcas Petrol's dividend yield of 4.37% ranks in the top 25% of Turkish dividend payers, yet its sustainability is questionable due to lack of free cash flows and earnings coverage. Despite a low payout ratio (26.9%), dividends have been volatile over the past decade. Recent earnings showed a decline in quarterly net income to TRY 405.82 million from TRY 626.68 million year-on-year, though nine-month figures were stable at TRY 804.65 million, indicating potential challenges in maintaining consistent dividends.
Click to explore a detailed breakdown of our findings in Turcas Petrol's dividend report. Our valuation report unveils the possibility Turcas Petrol's shares may be trading at a premium.IBSE:TRCAS Dividend History as at Dec 2025
Shufersal
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Shufersal Ltd. operates a chain of supermarkets under the Shufersal brand name in Israel, with a market cap of ₪10.67 billion.
Operations: Shufersal Ltd.'s revenue primarily comes from its retail chains, generating ₪14.58 billion, with an additional contribution of ₪275 million from its real estate sector.
Dividend Yield: 3.4%
Shufersal's dividend prospects are mixed; while its cash payout ratio of 21% suggests strong coverage by free cash flows, the 81.3% earnings payout ratio raises sustainability concerns. Dividends have grown over the past decade but remain volatile and unreliable. Recent earnings show a decline in quarterly net income to ILS 152 million from ILS 237 million year-on-year, though nine-month figures are stable at ILS 499 million, reflecting potential challenges in maintaining dividend stability.
Navigate through the intricacies of Shufersal with our comprehensive dividend report here. Insights from our recent valuation report point to the potential undervaluation of Shufersal shares in the market.TASE:SAE Dividend History as at Dec 2025
Where To Now?
Delve into our full catalog of 59 Top Middle Eastern Dividend Stocks 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. Simply Wall St is your key to unlocking global market trends, a free user-friendly app for forward-thinking investors.
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 DFM:CBD IBSE:TRCAS and TASE:SAE.
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 editorial-team@simplywallst.com
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- Middle Eastern Dividend Stocks To Consider In November 2025
Nov 7, 2025
As most Gulf markets track Asian shares higher, bolstered by stronger-than-expected U.S. economic data, investors are increasingly eyeing the Middle East for its potential in dividend-yielding stocks. In this dynamic landscape, a good dividend stock is often characterized by a consistent payout history and resilience amid fluctuating market conditions.
Top 10 Dividend Stocks In The Middle East
Name Dividend Yield Dividend Rating Turkiye Garanti Bankasi (IBSE:GARAN) 3.21% ★★★★★☆ Saudi Telecom (SASE:7010) 9.47% ★★★★★☆ Saudi Awwal Bank (SASE:1060) 6.23% ★★★★★☆ Riyad Bank (SASE:1010) 6.62% ★★★★★☆ National General Insurance (P.J.S.C.) (DFM:NGI) 7.60% ★★★★★☆ Emaar Properties PJSC (DFM:EMAAR) 7.25% ★★★★★☆ Computer Direct Group (TASE:CMDR) 7.60% ★★★★★☆ Commercial Bank of Dubai PSC (DFM:CBD) 5.36% ★★★★★☆ Arab National Bank (SASE:1080) 5.56% ★★★★★☆ Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) 5.60% ★★★★★☆
Click here to see the full list of 65 stocks from our Top Middle Eastern Dividend Stocks screener.
Here we highlight a subset of our preferred stocks from the screener.
Mashreqbank PSC
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Mashreqbank PSC offers a range of banking and financial services to individuals and corporates, with a market cap of AED47.42 billion.
Operations: Mashreqbank PSC generates its revenue from several segments, including Retail (AED4.24 billion), Wholesale Banking (AED4.68 billion), Insurance & Others (AED3.49 billion), and Treasury and Capital Markets (AED1.30 billion).
Dividend Yield: 8.9%
Mashreqbank PSC offers a compelling dividend yield of 8.93%, placing it in the top 25% of dividend payers in the AE market. Despite this attractive yield, its dividends have been volatile over the past decade, with periods of significant drops. The bank's recent earnings report showed a decline in net income for Q3 and nine months ending September 2025 compared to last year. However, its payout ratio remains reasonable at 51.8%, indicating dividends are covered by earnings and expected to remain sustainable in three years at a similar ratio.
Unlock comprehensive insights into our analysis of Mashreqbank PSC stock in this dividend report. Insights from our recent valuation report point to the potential undervaluation of Mashreqbank PSC shares in the market.DFM:MASQ Dividend History as at Nov 2025
Turcas Petrol
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Turcas Petrol A.S. is a Turkish investment company focused on petrol and energy, with a market cap of TRY10.42 billion.
Operations: Turcas Petrol A.S. generates revenue primarily through its investments in the petrol and energy sectors in Turkey.
Story Continues
Dividend Yield: 4.5%
Turcas Petrol's dividend yield of 4.52% ranks in the top 25% of Turkish dividend payers, yet its payments have been volatile and not well-covered by free cash flows. Despite a low payout ratio of 42.3%, earnings alone cover dividends, but sustainability remains uncertain due to lack of free cash flow coverage. Recent earnings showed a decrease in Q3 net income to TRY 405.82 million from TRY 626.68 million the previous year, highlighting potential financial pressures impacting future dividends.
Delve into the full analysis dividend report here for a deeper understanding of Turcas Petrol. Insights from our recent valuation report point to the potential overvaluation of Turcas Petrol shares in the market.IBSE:TRCAS Dividend History as at Nov 2025
Shufersal
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Shufersal Ltd. operates a chain of supermarkets under the Shufersal brand name in Israel and has a market cap of ₪10.86 billion.
Operations: Shufersal Ltd.'s revenue segments include its Retail Chains, generating ₪14.96 billion, and its Real Estate Sector, contributing ₪273 million.
Dividend Yield: 3.3%
Shufersal's dividend payments are well-supported by a low cash payout ratio of 20.5%, although they have been volatile over the past decade. The dividend yield of 3.32% is below the top tier in Israel, yet earnings growth of 72.6% last year provides some optimism for future payouts. Recent Q2 results showed increased net income to ILS 191 million despite lower sales, indicating robust profitability that could stabilize dividends amidst historical volatility concerns.
Click here to discover the nuances of Shufersal with our detailed analytical dividend report. The valuation report we've compiled suggests that Shufersal's current price could be quite moderate.TASE:SAE Dividend History as at Nov 2025
Summing It All Up
Unlock more gems! Our Top Middle Eastern Dividend Stocks screener has unearthed 62 more companies for you to explore.Click here to unveil our expertly curated list of 65 Top Middle Eastern Dividend Stocks. Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes. Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free.
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:MASQ IBSE:TRCAS and TASE:SAE.
This article was originally published by Simply Wall St.
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- Middle Eastern Dividend Stocks To Consider In October 2025
Oct 9, 2025
As Gulf markets end mixed amid fluctuating oil prices and hopes for U.S. interest rate cuts, investor sentiment in the Middle East remains cautiously optimistic, buoyed by a positive growth outlook from the World Bank. In this context, identifying strong dividend stocks can provide stability and income potential, making them an attractive consideration for investors navigating these dynamic market conditions.
Top 10 Dividend Stocks In The Middle East
Name Dividend Yield Dividend Rating Saudi Telecom (SASE:7010) 9.43% ★★★★★☆ Saudi Awwal Bank (SASE:1060) 6.17% ★★★★★☆ National General Insurance (P.J.S.C.) (DFM:NGI) 7.33% ★★★★★☆ National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) 6.43% ★★★★★☆ Emirates NBD Bank PJSC (DFM:EMIRATESNBD) 3.87% ★★★★★☆ Emaar Properties PJSC (DFM:EMAAR) 7.33% ★★★★★☆ Delek Group (TASE:DLEKG) 6.23% ★★★★★☆ Computer Direct Group (TASE:CMDR) 8.35% ★★★★★☆ Commercial Bank of Dubai PSC (DFM:CBD) 5.37% ★★★★★☆ Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) 6.52% ★★★★★☆
Click here to see the full list of 68 stocks from our Top Middle Eastern Dividend Stocks screener.
Let's explore several standout options from the results in the screener.
Mashreqbank PSC
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Mashreqbank PSC offers a range of banking and financial services to both individuals and corporate clients, with a market capitalization of AED47.95 billion.
Operations: Mashreqbank PSC's revenue segments include Retail (AED4.18 billion), Wholesale Banking (AED4.70 billion), Insurance & Others (AED3.40 billion), and Treasury and Capital Markets (AED1.19 billion).
Dividend Yield: 8.8%
Mashreqbank PSC offers a dividend yield of 8.83%, placing it in the top 25% of dividend payers in the AE market, yet its dividend history is marked by volatility and unreliability. Despite this, the bank's current payout ratio of 51.3% suggests dividends are covered by earnings and expected to remain so with a forecasted payout ratio of 52.6%. Recent earnings show a decline, with net income for Q2 at AED 1.65 billion compared to AED 2 billion last year.
Click here to discover the nuances of Mashreqbank PSC with our detailed analytical dividend report. In light of our recent valuation report, it seems possible that Mashreqbank PSC is trading behind its estimated value.DFM:MASQ Dividend History as at Oct 2025
Turcas Petrol
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Turcas Petrol A.S. is a Turkish investment company focused on the petrol and energy sectors with a market capitalization of TRY9.84 billion.
Operations: Turcas Petrol A.S. generates its revenue primarily from investments in the petrol and energy sectors in Turkey.
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Dividend Yield: 5.2%
Turcas Petrol's dividend yield of 5.24% ranks in the top 25% of Turkish market payers, yet it is not well supported by free cash flows and has shown volatility over the past decade. Despite a low payout ratio of 33.3%, indicating dividends are covered by earnings, its revenue remains under US$1 million. The company recently joined the S&P Global BMI Index, with significant earnings growth reported for Q2 2025 compared to last year.
Navigate through the intricacies of Turcas Petrol with our comprehensive dividend report here. Our comprehensive valuation report raises the possibility that Turcas Petrol is priced higher than what may be justified by its financials.IBSE:TRCAS Dividend History as at Oct 2025
Shufersal
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Shufersal Ltd. operates a chain of supermarkets under the Shufersal brand name in Israel, with a market cap of ₪10.65 billion.
Operations: Shufersal Ltd. generates revenue primarily from its retail chains, which contribute ₪14.96 billion, and the real estate sector, which adds ₪273 million.
Dividend Yield: 3.4%
Shufersal's recent earnings report shows a rise in net income to ILS 191 million for Q2 2025, despite a decline in sales. The company's dividend payments are well-covered by both earnings and cash flows, with payout ratios of 47.9% and 20.5%, respectively. However, its dividend yield of 3.38% is below the top tier in Israel, and past dividends have been volatile, raising concerns about sustainability despite recent growth in earnings per share.
Unlock comprehensive insights into our analysis of Shufersal stock in this dividend report. The valuation report we've compiled suggests that Shufersal's current price could be quite moderate.TASE:SAE Dividend History as at Oct 2025
Make It Happen
Dive into all 68 of the Top Middle Eastern Dividend Stocks we have identified here. 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. Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe.
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 DFM:MASQ IBSE:TRCAS and TASE:SAE.
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 editorial-team@simplywallst.com
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- 3 Middle Eastern Dividend Stocks Yielding Up To 6.6%
Sep 10, 2025
As Gulf markets experience mixed performances amid cautious investor sentiment and fluctuating oil prices, dividend stocks in the Middle East are drawing attention for their potential to provide steady income. In such a volatile environment, selecting dividend stocks with strong fundamentals and consistent payout histories can be a prudent strategy for investors seeking stability and income.
Top 10 Dividend Stocks In The Middle East
Name Dividend Yield Dividend Rating Saudi National Bank (SASE:1180) 5.80% ★★★★★☆ Saudi Awwal Bank (SASE:1060) 6.60% ★★★★★☆ Riyad Bank (SASE:1010) 6.78% ★★★★★☆ National General Insurance (P.J.S.C.) (DFM:NGI) 7.32% ★★★★★☆ National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) 6.39% ★★★★★☆ Emaar Properties PJSC (DFM:EMAAR) 6.94% ★★★★★☆ Delek Group (TASE:DLEKG) 6.68% ★★★★★☆ Commercial Bank of Dubai PSC (DFM:CBD) 5.23% ★★★★★☆ Arab National Bank (SASE:1080) 5.88% ★★★★★☆ Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) 7.24% ★★★★★☆
Click here to see the full list of 69 stocks from our Top Middle Eastern Dividend Stocks screener.
Let's explore several standout options from the results in the screener.
Saudi Awwal Bank
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Saudi Awwal Bank, along with its subsidiaries, offers banking and financial services in the Kingdom of Saudi Arabia and has a market capitalization of SAR62.55 billion.
Operations: Saudi Awwal Bank generates revenue from several segments, including Treasury (SAR2.05 billion), Capital Markets (SAR429.19 million), Wealth & Personal Banking (SAR4.08 billion), and Corporate and Institutional Banking (SAR7.08 billion).
Dividend Yield: 6.6%
Saudi Awwal Bank's dividend payments are well-covered by earnings with a payout ratio of 26.1%, and its 6.6% yield ranks in the top 25% of Saudi Arabian dividend payers. However, the bank has an unstable dividend track record over the past decade, marked by volatility. Recent announcements include a SAR 2.06 billion cash dividend for H1 2025 and plans to issue USD-denominated Tier 2 Capital Green Notes, reflecting strategic financial maneuvers amid ongoing growth in net income and interest earnings.
Click here to discover the nuances of Saudi Awwal Bank with our detailed analytical dividend report. According our valuation report, there's an indication that Saudi Awwal Bank's share price might be on the cheaper side.SASE:1060 Dividend History as at Sep 2025
Saudi Networkers Services
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 SAR454.50 million.
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Operations: Saudi Networkers Services Company generates revenue from its activities related to telecommunication networks in Saudi Arabia and Algeria.
Dividend Yield: 5.7%
Saudi Networkers Services has shown consistent dividend growth over its three-year payment history, supported by a reasonable cash payout ratio of 70.3%. Its dividend yield of 5.74% places it among the top 25% of Saudi Arabian payers, and earnings coverage is solid with a payout ratio of 73%. Recent half-year results report net income rising to SAR 20.6 million, indicating financial stability that could sustain future dividends despite its relatively short history in paying them.
Navigate through the intricacies of Saudi Networkers Services with our comprehensive dividend report here. Our valuation report unveils the possibility Saudi Networkers Services' shares may be trading at a premium.SASE:9543 Dividend History as at Sep 2025
Shufersal
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Shufersal Ltd. operates a chain of supermarkets under the Shufersal brand name in Israel, with a market cap of ₪11.04 billion.
Operations: Shufersal Ltd.'s revenue is derived from its chain of supermarkets in Israel.
Dividend Yield: 3.3%
Shufersal's dividend payments, while covered by earnings and cash flows with payout ratios of 47.9% and 20.5%, respectively, have been volatile over the past decade, indicating an unstable track record. Despite trading at nearly 20% below its estimated fair value, its dividend yield of 3.26% remains lower than the top quartile in Israel's market. Recent earnings show improved net income to ILS 191 million for Q2 2025, suggesting potential financial resilience amidst fluctuating dividends.
Take a closer look at Shufersal's potential here in our dividend report. Upon reviewing our latest valuation report, Shufersal's share price might be too pessimistic.TASE:SAE Dividend History as at Sep 2025
Key Takeaways
Click here to access our complete index of 69 Top Middle Eastern Dividend Stocks. Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes. Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide markets.
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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 SASE:1060 SASE:9543 and TASE:SAE.
This article was originally published by Simply Wall St.
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- Top Middle Eastern Dividend Stocks Yielding Up To 8.8%
May 7, 2025
As Gulf markets experience gains driven by a rebound in oil prices and investor anticipation of the Federal Reserve's policy meeting, the Middle Eastern financial landscape continues to present opportunities for dividend-seeking investors. In such an environment, stocks that offer strong dividend yields can provide a reliable income stream while potentially benefiting from regional economic dynamics.
Top 10 Dividend Stocks In The Middle East
Name Dividend Yield Dividend Rating Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) 7.46% ★★★★★☆ Emaar Properties PJSC (DFM:EMAAR) 7.25% ★★★★★☆ National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) 7.54% ★★★★★☆ Arab National Bank (SASE:1080) 6.05% ★★★★★☆ Saudi National Bank (SASE:1180) 5.72% ★★★★★☆ Saudi Awwal Bank (SASE:1060) 5.97% ★★★★★☆ Delek Group (TASE:DLEKG) 9.09% ★★★★★☆ Saudi Telecom (SASE:7010) 9.13% ★★★★★☆ Commercial Bank of Dubai PSC (DFM:CBD) 6.00% ★★★★★☆ Emirates NBD Bank PJSC (DFM:EMIRATESNBD) 4.64% ★★★★★☆
Click here to see the full list of 73 stocks from our Top Middle Eastern Dividend Stocks screener.
Underneath we present a selection of stocks filtered out by our screen.
Yapi ve Kredi Bankasi
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Yapi ve Kredi Bankasi A.S., along with its subsidiaries, offers commercial banking and financial products and services both in Turkey and internationally, with a market cap of TRY196.14 billion.
Operations: Yapi ve Kredi Bankasi A.S. generates revenue through several segments, including Retail Banking (Incl. Private Banking and Wealth Management) at TRY86.38 billion, Treasury, Asset Liability Management and Other at TRY61.59 billion, Commercial and SME Banking at TRY54.40 billion, Corporate Banking at TRY18.85 billion, Other Foreign Operations at TRY5.52 billion, and Other Domestic Operations at TRY14.79 billion.
Dividend Yield: 5.2%
Yapi ve Kredi Bankasi's dividend payments are well covered by earnings with a low payout ratio of 24.5%, although they have been volatile over the past decade. Despite this instability, dividends have grown and are expected to remain covered in three years with a forecasted 15% payout ratio. The bank's dividend yield of 5.21% ranks it among the top 25% in Turkey, but high bad loans at 3.2% pose risks to sustainability. Recent earnings show increased net interest income and net income year-over-year, indicating potential for future growth amidst current challenges.
Navigate through the intricacies of Yapi ve Kredi Bankasi with our comprehensive dividend report here. According our valuation report, there's an indication that Yapi ve Kredi Bankasi's share price might be on the cheaper side.
Story Continues
IBSE:YKBNK Dividend History as at May 2025
ETGA Group
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: ETGA Group Ltd operates in logistics and financing activities in Israel with a market cap of ₪449.65 million.
Operations: ETGA Group Ltd generates revenue from its logistics segment, amounting to ₪513.21 million, and its non-bank financing segment, contributing ₪42.96 million.
Dividend Yield: 8.8%
ETGA Group's dividend payments are covered by earnings and cash flows, with a payout ratio of 79% and a cash payout ratio of 57.5%. Despite being in the top 25% for dividend yield in the IL market at 8.85%, ETGA's dividends have been volatile over its three-year history. Recent earnings show strong growth, with revenue increasing to ILS 556.16 million from ILS 354.79 million year-over-year, but high debt levels may impact future sustainability.
Unlock comprehensive insights into our analysis of ETGA Group stock in this dividend report. Our valuation report unveils the possibility ETGA Group's shares may be trading at a discount.TASE:ETGA Dividend History as at May 2025
Shufersal
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Shufersal Ltd. operates a chain of supermarkets under the Shufersal brand name in Israel, with a market cap of ₪9.32 billion.
Operations: Shufersal Ltd.'s revenue is primarily derived from its supermarket operations in Israel.
Dividend Yield: 3.9%
Shufersal's recent earnings report shows significant growth, with net income rising to ILS 657 million from ILS 312 million. While its dividend yield of 3.86% is below the top tier in the IL market, dividends are well-covered by earnings and cash flows, with payout ratios of 29.1% and 19.2%, respectively. However, Shufersal's dividend history has been volatile over the past decade despite recent increases, which may concern some investors seeking stable income streams.
Get an in-depth perspective on Shufersal's performance by reading our dividend report here. The valuation report we've compiled suggests that Shufersal's current price could be quite moderate.TASE:SAE Dividend History as at May 2025
Turning Ideas Into Actions
Gain an insight into the universe of 73 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.
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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 IBSE:YKBNK TASE:ETGA and TASE:SAE.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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- Shufersal Group reports results for Q4 and FY 2023: Revenues of ~15.2B NIS and net profit of ~323M NIS
Mar 27, 2024
Improvement in the quarterly profit - Shufersal's net profit for Q4 totaled ~133M NIS, and is an improvement for the company.
Improvement in the quarterly profit for the company compared net profits of ~3M NIS in the respective quarter in 2022
Revenues in Q4 grew by ~7%, totaling ~3.9B NIS, compared to ~3.65NIS in the respective quarter last year
The rate of expenses of the group's total revenues decreased by approximately 1.9% in 2023 and is significantly lower by approximately 66 million NIS compared to 2022; in 2023 the group reduced the number of employees to approximately 15,800 compared to approximately 16,545 employees in 2022
~6.9% growth in same store sales in Q3 2023 with an operating profit rate of 3.7% of revenues in the retail sector for the said quarter
Increase in operating profit (before other income/expenses) in Q4, totaling ~244 NIS, comprising ~6.2% of the income compared to ~70M NIS in the respective quarter last year, ~2.2% of the revenues
Increase in operating profit (before other income/expenses) in 2023, totaling ~707M NIS, comprising ~4.7% of the income compared to ~283M NIS in the respective year, ~1.9% of the revenues
The operating profit of the Be Pharm grew and amounted to ~17 million NIS in 2023 compared to ~3 million NIS in 2022
The Company board of directors has decided on a dividend distribution of ~180M NIS
(*) Starting with the 2023 financial statements, the segment reporting data (including the comparison numbers) include the impact of the implementation of IFRS16
TEL AVIV, Israel, March 27, 2024 /PRNewswire/ -- Shufersal (TASE: SAE), Israel's leading retailer, announced today financial results for the fourth quarter and full year of 2023. Shufersal Logo
Itzik Abercohen, Chairman of Shufersal and Ori Watermann, CEO of Shufersal Group:
"We are concluding 2023 with robust results that reflect the Group's resumption to growth. We have ended the year with an increase in revenues to the record presented in 2020 and have demonstrated improvements in all profit metrics pursuant to the streamlining and improved working capital measures taken, thus reducing the net financial debt to ~1.2B NIS. The Group continued to focus on food retail, streamlining and improving its operating profitability while further developing various growth areas. Q4 was impacted by Iron Swords War, providing a strong end to the year, both in the same stores, with a sharp increase in demands, and in the net profit for Q4, reflecting a quarterly record for the Group.
Story continues
2023 was characterized by a technological upswing upon launching the automatic delivery center in Modi'in. We continued to strengthen the online and digital infrastructures, aiming to achieve leadership in the field while enhancing synergies with BePharm. Activities in the business sector are also expanding, and we are also working on expanding the scope of the private institutional brand. Stock chain operations are gaining momentum as we open new branches and establish a synergy with the retail operation. In addition, the low leverage and liquid balances enable the Group to develop in real estate, while improving existing properties and harnessing market opportunities.
The Group continues to demonstrate robustness, even in these complex times. In the aftermath of the October events, the Group demonstrated its power and we strengthened our position as a company that provides its customers a variety of products and services, anytime and anywhere, were our physical and technological infrastructure enables us to meet every challenge. Shufersal will continue its efforts to promote innovation and business development, create the best and most worthwhile value propositions for its customers and generate long term value for the shareholders."
Group revenues in Q4 totaled ~3,906M NIS, reflecting an increase of ~7% compared to ~3,649M NIS in the respective quarter last year. Sales in same stores increased by ~6.9% in Q4/2023 compared to the respective quarter last year.
Group revenues for 2023 totaled ~15.2B NIS compared to ~14.7B NIS in 2022, reflecting an increase of ~3.6%. Sales in same store branches increased by ~2.1% in 2023, as compared to 2022.
Q4 gross profit increased by ~7.4%, totaling ~1,031M NIS, comprising ~26.4% of the revenues compared to ~960M NIS int he respective quarter last year, comprising ~26.3% of the revenues.
2023 gross profit totaled ~4,027M NIS compared to ~3,882M NIS in 2022, comprising ~26.5% of the sales turnover, similarly to 2022.
In Q4, operating profit before other revenues/expenses totaled ~164M NIS, comprising ~4.2% of Group revenues, as compared to ~70M NIS, comprising ~1.9% of Group revenues in the respective quarter last year.
Other revenues in Q4 totaled 80M NIS, derived mainly of 51M NIS in revenues resulting from a 23M NIS update in non-financial asset assessment and investment real estate valuation .
Operating profit (before other income/expenses) in 2023 totaled ~605M NIS, comprising ~4.0% of the income compared to ~394M NIS in 2022, comprising ~2.7% of the sales turnover.
In 2023, other revenues totaled ~102M NIS, derived mainly of 43M NIS in revenues resulting from a57M NIS update in non-financial asset assessment and investment real estate valuation, compared to other expenses of ~111M NIS in 2022. An expense of 182M NIS was recorded in 2022 for the Company's streamlining plan as well as revenue from 69M NIS derived of a revaluation of investment real estate.
Net profit in 2023 totaled 133M NIS (~132M NIS is related to the shareholders) comprising a quarterly record for the Company, compared to net profits of ~3M NIS in the respective quarter last year (~2M NIS related to the shareholders), derived of the applied streamlining plan.
Net profit in 2023 totaled ~323M NIS (~312M NIS related to the shareholders), compared to net profits of ~2M NIS in 2022 (~1M NIS related to the shareholders).
Q4 EBITDA totaled ~427M NIS, comprising ~10.9% of Company sales, compared to ~300M NIS in the respective quarter last year, comprising ~8.2% of Company sales in the respective quarter last year.
2023 EBITDA totaled ~1,572M NIS, comprising ~10.4% of Company sales, compared to ~1,294M NIS, comprising ~8.8% of Company sales in 2022.
Q4 retail revenues totaled ~3,625M NIS, reflecting an increase of ~7.5% compared to ~3,372M NIS in the respective quarter last year, derived mainly of increased sales in Shufersal stores. Retail operating profit totaled ~134M NIS and 3.7% of revenues, compared to ~39M NIS and ~1.2% of revenues in the respective quarter last year.
2023 retail revenues totaled ~14,054M NIS, reflecting an increase of ~3.7% compared to ~13,558M NIS in 2022. Retail operating profit totaled ~471M NIS and 3.4% of revenues, compared to ~271M NIS and ~2.0% of revenues in the respective quarter last year.
Real estate revenues in Q4 totaled ~62M NIS compared to ~59M NIS in the respective quarter last year. The increase was derived mainly of an increase in the consumer price index. Real estate operating profits in Q4 totaled ~43M NIS compared to ~48M NIS in the respective quarter last year. The decline is derived mainly of expenses relating to the development of real estate activities as part of the Company's strategy to render the activity a significant growth engine.
2023 real estate revenues totaled ~250M NIS, compared to ~206M NIS in 2022. The 21.4% increase is derived mainly of the acquisition of control in Lev Hamraz and an increase in the consumer price index. 2023 real estate operating profits totaled ~187M NIS, compared to ~172M NIS in 2022.
Be sector revenues in Q4 totaled ~259M NIS, compared to ~255M NIS, demonstrating an increase of1.6%. Sales in same store branches declined by ~1.1%, mainly due to Iron Swords War, which led to reduced operations at branches in the Gaza Envelope, the northern region and tourism areas compared to the respective quarter last year. Be sector operating profits in Q4 totaled ~5M NIS compared to a loss of ~6M NIS in the respective quarter last year. The increase was derived of improved profitability rates compared to last year, inter alia due to a change in the sales mix and streamlining processes.
Be sector revenues in 2023 totaled ~1,036M NIS, compared to ~1,045M NIS in 2022, reflecting a decline of 0.9%, derived mainly of COVID's impact on sales last year. Sales at same store branches declined by ~1.9% compared to 2022 and, disregarding COVID products, increased by ~2.7%. Be sector operating profits totaled ~17M NIS, compared to ~3M NIS in 2022. The increase was derived of improved profitability rates compared to last year, inter alia due to a change in the sales mix and streamlining processes.
Shufersal Online sales in 2023 totaled ~17.5% compared to 19.4% in 2022. The decline was caused, inter alia, by reduced COVID impact, mainly regarding Q1/2022, as well as by reduced online sales of non-food products as part of the effort to focus on operational profitability. In the third quarter of 2021, commercial activity began at the automated shipping center in Kadima, which is currently at full capacity and has reached profitability. In March 2023, the automatic dispatch center in Modiin began commercial activity and according to the company's assessment, by the end of 2024 it is expected to reach full output as well as reach balance and profitability.
In 2023, the share of private brand sales was ~27.0% as compared to ~27.2 % in 2022. The Group will continue to significantly expand its private brand product offering in order to provide our customers a quality and attractive alternative while promoting competition in the food and consumer product industry.
Logo - https://mma.prnewswire.com/media/1592092/Shufersal_Logo.jpg Cision
View original content:https://www.prnewswire.com/news-releases/shufersal-group-reports-results-for-q4-and-fy-2023-revenues-of-15-2b-nis-and-net-profit-of-323m-nis-302100953.html
SOURCE Shufersal
- Shufersal reports today the financial results for the third quarter and the first nine months of 2023
Nov 27, 2023
Revenues in the third quarter totalled approximately NIS 3.85 billion, an increase of approximately 1.2% compared to NIS 3.81 in the corresponding quarter last year
The group's revenues in the first nine months of 2023 increasedby approximately 2.4% and totalled approximately 11.3 billion NIS compared to approximately 11 billion NIS in the corresponding period last year
The operating profit (before other revenues/expenses) in the third quarter totalled approximately NIS 138 million, which is approximately 3.6% of the revenues compared to NIS 115 million in the corresponding quarter last year, which was 3.0% of the group's revenues
An increase in operating profit (before other revenues/expenses) in the first nine months of 2023 which totalled approximately NIS 441 million, which is approximately 3.9% of the revenues compared to approximately NIS 324 million in the corresponding period last year, which was approximately 2.9% of the group's revenues
The net profit attributable to the company's shareholders in the third quarter totalled approximately NIS 50 million compared to a loss of approximately NIS 96 million in the corresponding quarter last year which resulted from the realization of the efficiency plan that was implemented in the corresponding quarter
The "Iron Swords" war - Shufersal operates as a vital enterprise during this emergency period and continues its activity as usual in the chain's branches and online, and as of the date of the report, no material impact on the company's activity was evident. Since the outbreak of the war, the company has worked to provide aid and donations to support the evacuees, the rescue forces, the security forces and the families of the kidnapped. In addition, the company formulated an immediate aid plan for farmers and acts out of national responsibility and a desire to contribute as much as it can to the national effort
TEL AVIV, Israel, Nov. 27, 2023/PRNewswire/ -- Shufersal (TASE: SAE), Israel's leading retailer, announced today financial results for the third quarter and the first nine months of 2023.
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Itzik Abercohen, Chairman of the Shufersal Board of Directors and Uri Waterman, CEO of the Shufersal Group, said today:
"We conclude the third quarter of 2023 with an increase in revenues and an improvement in the profit indicators in accordance with the efficiency plan we implemented. This plan allows for the optimization of the expense structure as well as the deepening of the synergy between the various activities of the group.
In the shadow of the ongoing war, the chain's branches operated and operate normally. Shufersal manages its routine activity as a vital enterprise and as a leading food retail group committed to the nutritional security of all the country's residents. In the first week of the war, we experienced a sharp increase in demand, mainly in the company's physical branches, which, in the second week of the war, reached normal sales levels. The demand was directed mainly to basic food and consumer products, alongside a decrease in the level of demand in the business market and online. In the company's estimation, no significant impact is expected on the company's activities and results due to the war.
As a contribution to the residents of the Envelope who were evacuated from their homes and to the fighters in the assembly areas, we acted on many levels by donating coupons to the people who were affected and need help these days. In addition, Shufersal announced the preparation of an immediate assistance plan for farmers and the cessation of the import of agricultural produce from Turkey and worked to mark Israeli produce on the shelves in a voluntary manner, in order to do everything possible to support Israeli agriculture these days.
The group continues to operate in accordance with the strategy of focusing on food retailing alongside the variety areas of growth while improving profitability. Loyal to our work plans, we are on the right track towards the goals and objectives we have set for 2023 and the years to come."
The group's revenues in the third quarter totalled approximately NIS 3.85 billion, an increase of approximately 1.2% compared to approximately NIS 3.81 million in the corresponding quarter last year. The retail sector showed an increase of approximately 0.8% in the third quarter, which was due to an increase in revenues in Shufersal stores and the expansion of business market activity and the operation of "Dan Deal" in the Stock sector, which was acquired in August 2022. Sales in the same stores in the group increased by approximately 0.3% and by approximately 0.2% in the retail sector compared to the corresponding quarter last year.
The group's revenues in the first nine months increased by about 2.4% and amounted to about NIS 11.3 billion compared to about NIS 11 billion in the corresponding period last year.
The sales in the same stores of the group in the first nine months of this year increased by about 0.6% and at a rate of about 0.8% in the retail sector compared to the corresponding period last year.
The gross profit in the third quarter totalled approximately NIS 1,010 million, which is approximately 26.2% of the revenues, compared to approximately NIS 1,024 million in the corresponding quarter last year, which was approximately 26.9% of the revenues. The decrease in gross profit and its share of revenues was, among other things, due to the opening of the shipping center in Modi'in, which as of this date has not yet reached full capacity, as well as the effect of the increase in exchange rates.
In the first nine months, the gross profit increased by approximately 2.5% and totalled approximately NIS 2,996 million, which made up approximately 26.6% of the revenues compared to approximately NIS 2,922 million in the corresponding period last year, which made up approximately 26.5% of the total revenues. The increase is mainly due to the group's revenue growth.
The operating profit before other revenues (expenses) in the third quarter grew by 20% and totalled approximately NIS 138 million, which is approximately 3.6% of the group's revenues, compared to approximately NIS 115 million, which was approximately 3.0% of the group's revenues in the corresponding quarter last year.
The operating profit before other revenues (expenses) in the first nine months grew by approximately 36% and totalled approximately NIS 441 million, approximately 3.9% of the group's revenues, compared to approximately 324 million NIS in the corresponding period last year, which was approximately 2.9% of the revenues.
The operating profit after other revenues (expenses) in the third quarter totalled NIS 139 million, which is approximately 3.6% of the group's revenues, compared to the operating loss of approximately NIS 42 million in the corresponding quarter last year, which was mainly due to the effect of the efficiency plan implemented by the company.
The operating profit after other revenues (expenses) in the nine months totalled approximately NIS 463 million, approximately 4.1% of the group's revenues, compared to approximately NIS 201 million in the corresponding period last year, which constituted approximately 1.8% of the group's revenues. The increase was mainly due to the effect of the efficiency plan implemented by the company, as mentioned.
EBITDA in the quarter increased by approximately 11% and totalled approximately NIS 381 million compared to approximately NIS 344 million in the corresponding quarter last year and constitute approximately 9.9% of the group's total revenues compared to approximately 9% of the revenues in the corresponding quarter last year. The increase was mainly due to the operating profit growth.
EBITDA in the nine months increased by approximately 15% and totalled approximately NIS 1,145 million which make up about 10.2% of the company's total sales, compared to approximately NIS 994 million which made up approximately 9% of the company's total sales in the corresponding period last year. The increase was mainly due to the operating profit growth.
The net profit in the third quarter totalled approximately NIS 51 million, which is about 1.3% of the revenues, compared to a loss of about NIS 96 million in the corresponding quarter last year. The profit attributed to the company's shareholders in the third quarter totalled approximately NIS 50 million.
The net profit in the first nine months totalled approximately NIS 190 million, which is approximately 1.7% of the revenues compared to a loss of approximately NIS 1 million in the corresponding period last year. The profit attributed to the company's shareholders in the first nine months of the year totalled approximately NIS 180 million.
The revenues of the retail sector in the third quarter totalled approximately NIS 3.56 billion compared to approximately NIS 3.53 billion in the corresponding quarter last year, an increase of approximately 0.8% which was due, among other things, to an increase in revenues in Shufersal stores, expansion of business market activity and "Dan Deal" activities in the Stock sector which was purchased in August 2022. Sales at shipping centers and Shufersal branches in the third quarter of this year increased by approximately 0.3% compared to the corresponding quarter last year.
The operating profit before other revenues (expenses) in the retail sector in the third quarter of this year totalled approximately NIS 73 million and at a rate of approximately 2.1% of total revenues, compared to approximately NIS 58 million and at a rate of approximately 1.6% of total revenues in the corresponding quarter last year.
The revenues of the retail sector in the first nine months totalled approximately NIS 10.43 billion compared to approximately NIS 10.19 billion in the corresponding period, an increase of approximately 2.4% which was mainly due to an increase in the sales of Shufersal stores and the expansion of activity in the business market (B2B) and the revenues from the Stock activity that was purchased in August 2022. Sales at shipping centers and Shufersal branches increased by approximately 1.4% compared to the same period last year.
The operating profit before other revenues (expenses) in the retail sector in the first nine months of this year approximately NIS 251 million and at a rate of approximately 2.4% of the revenues, compared to approximately NIS 159 million and at a rate of approximately 1.6% of the total revenues in the corresponding period last year.
The revenues of the Be network increased by approximately 1.5% and totalled in the third quarter approximately NIS 270 million, compared to approximately NIS 266 million in the corresponding quarter last year. Sales in the same Be stores increased by approximately 2.7% compared to the same quarter last year.
The operating profit before other revenues (expenses) of the Be network in the third quarter of 2023 totalled approximately NIS 3 million, compared to approximately NIS 1 million in the corresponding quarter last year.
In the first nine months the revenues of the Be chain totalled approximately NIS 777 million, compared to approximately NIS 790 million in the corresponding period last year, a decrease of approximately 1.6% which is mainly due to the effect of the corona virus on sales in the corresponding period last year. Sales in the same Be stores remained unchanged compared to last year, and neutralizing the effect of the corona virus last year, sales in the same Be stores increased in the first nine months of this year by approximately 5.8%.
The operating profit before other revenues (expenses) of the Be network in the first nine months of 2023 totalled approximately NIS 7 million compared to approximately NIS 4 million in the corresponding period last year.
Revenues from the real estate sector in the third quarter totalled approximately NIS 64 million compared to approximately NIS 51 million in the corresponding quarter last year. The increase is mainly due to the effect of the acquisition of control in the "Lev Ha-Mifratz" company starting in October 2022 and index growth.
The operating profit before other revenues (expenses) in the real estate sector totalled approximately NIS 48 million, compared to NIS 42 million in the corresponding quarter last year.
Revenues from the real estate sector in the first nine months of this year totalled approximately NIS 188 million, compared to approximately 147 NIS million in the corresponding period last year, an increase of approximately 27.9% that was mainly due to the effect of the acquisition of control in the "Lev Ha-Mifratz" company starting in October 2022 and index growth.
Operating profit before other revenues (expenses) in the real estate sector totalled approximately NIS 144 million, compared to approximately NIS 124 million in the corresponding period last year.
On October 19, 2023 Shufersal Real Estate signed a contract with a third party that owns 35% of the rights of a commercial center built on approximately 8,150 square meters in Romema neighborhood in Jerusalem to purchase its entire holdings in the property for approximately NIS 76 million. The delivery date is set for December 26, 2023. Most of the property area (approximately 71%) is used by the company's retail activity.
In addition, Shufersal Real Estate signed an agreement with the partner in the property who owns the remaining 65% in the property, according to which he can sell his entire share at the same value as the value specified in the agreement, approximately NIS 141 million, so that if the partner exercises his right, Shufersal Real Estate will own 100% of the property.
Shufersal Real Estate continues negotiating the purchase of a commercial center in Harish. This is a new commercial center that was approved for occupancy in August 2023 and will be occupied in the coming months.
As part of the company's strategy, according to which the real estate sector will be used as a growth engine alongside the retail activity, in the second quarter of this year the group signed an agreement to transfer the logistics centers under the subsidiary company Shufersal Real Estate. After the completion of the transaction, Shufersal Real Estate will own yielding real estate with a significant scope of approximately 350 thousand square meters (the company's share is approximately 300 thousand square meters) and a fair value of approximately NIS 4.7 billion, which is located in key demand areas all over the country.
As of September 30, 2023, the group has approximately NIS 1,461 million worth of real estate for investment compared to approximately NIS 953 million on September 30, 2022. An increase of approximately NIS 392 million results from the purchase of additional shares in Lev Ha-Mifratz and the balance arises from an increase in the fair value as well as from additions and current investments.
Sales of the retail sector through Shufersal Online in the third quarter of this year totalled approximately 17.9% of all sales in the shipping centers and Shufersal branches compared to approximately 18.9% in the corresponding quarter last year. The decrease was mainly due to a decrease in the sale of Online non-food products in accordance with the company's strategy to reduce the sale of Online non-food products as part of a focus on the profitability of the activity. In the first nine months the sales of the retail sector through Shufersal Online totalled approximately 18.2% of the total retail sales, compared to approximately 19.8% in the corresponding period last year. The decrease, among other things, is due to the weakening of the corona crisis impact mainly in relation to the first quarter in the corresponding period last year, as well as to the reduction of sales of Online non-food products as part of a focus on the profitability of the activity.
The share of private label sales associated with the delivery centers and Shufersal branches in the third quarter of this year was approximately 26.5% of the total food retail sales in the delivery centers and Shufersal branches compared to about 26.7% in the corresponding quarter last year. In the first nine months of the year, the share of private label sales associated with the retail sector was approximately 27.2% of total food retail sales in shipping centers and Shufersal branches compared to approximately 27% in the corresponding period last year. Shufersal continues to expand and strengthen the private brand, including the launch of products in existing and new categories.
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