Corporate dividend policy is a crucial financial decision for managers. Research shows that dividend decisions vary between countries, with emerging markets having lower payout ratios than developed markets. The Middle Eastern financial markets, like Iran and Saudi Arabia, are growing and attracting foreign investors. A study looked at 193 listed companies in these countries from 1997 to 2008 and found that most firms prefer to pay high dividends. This suggests that dividend policy plays a significant role in these markets.