Source: NBK Capital
GCC Large Cap Companies – The Dividend Angle
In this section, we gathered a sample of 50 large cap companies across the Gulf Cooperation Council (GCC) to emphasize the attractiveness of the sample compared to the overall GCC market in terms of dividend yields. We highlight that our sample trades on a dividend yield of 4.1% and 4.5% on expected dividends for 2010 and 2011, respectively, which is impressive when compared to the GCC average yield of 3.7% and 3.9%. We further highlight the relative valuation of our sample compared to the GCC markets based on the price-to-earnings multiple (PE) and price-to-book multiple (PB).