The article analyzes how dividend announcements by banks in the Gulf area affected their share prices before, during, and after the global financial crisis. The researchers used event study method and dividend pay-out ratio to study 65 listed banks from 2005 to 2013. They found that dividend announcements had a positive impact on share prices, especially for larger banks. Despite the crisis, banks in the Gulf area maintained steady dividend payments. The study also showed that more banks increased their dividend payments over time, possibly due to competition and life cycle theories. Interestingly, the banking sector in Gulf countries was less affected by the global financial crisis compared to other emerging countries, likely due to support from oil prices.