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Emaar EC CEO is top-paid executive; Almarai moves down
As many as twenty chief executives were on the list of the highest-paid executives working for Saudi-listed firms in 2016, data compiled by Argaam showed.
Emaar The Economic City’s (Emaar EC) chief executive, Fahd Al-Rasheed, has topped the list, moving up one notch from 2015, with SAR 17.78 million in compensation and SAR 12.5 million in regular bonus.
Meanwhile, Abdul Rahman Al Muhanna, Almarai’s board member, moved from #1 position in 2015 to the ninth place as he received SAR 3.29 million in compensation, compared to SAR 20 million in 2015.
Azzam Al-Dakhil, the former managing director of Saudi Research and Marketing Group (SRMG), came second on the list with a total pay of SAR 13.70 million. Al-Dakhil stepped down from his position on Jan. 29, 2017.
David Dew, who serves as the managing director of The Saudi British Bank (SABB), followed as he received SAR 9.58 million in total compensation, compared to SAR 6.97 million in 2015.
Herfy Food Services’ chief executive and managing director, Ahmad Al Saeed, who ranked third in 2015, was paid SAR 8.30 million in salary and bonuses for the same period.
The list included other executives in Abdullah Al Othaim Markets Co., Budget Saudi, Fitaihi Group and Northern Region Cement.
The ranking, which is measured by salaries and bonuses, is not comprehensive as only some companies disclose detailed information on executive compensation.
|
Top-paid Executives (SAR mln) |
||||
|
Title |
2016 |
2015 |
Member |
Company |
|
Managing Director |
17.78 |
14.92 |
Fahd Al-Rasheed |
Emaar EC |
|
Executive Board Member |
13.70 |
-- |
Azzam Al-Dakhil |
Research & Marketing |
|
Executive Board Member & Managing Director |
9.58 |
6.97 |
David Dew |
SABB |
|
CEO & Managing Director |
8.30 |
7.97 |
Ahmed Al Saeed |
Herfy |
|
Executive Board Member |
4.26 |
3.37 |
Ali Al Hassoun |
ARDCO |
|
Board member |
4.02 |
2.72 |
Adel Al Zaid |
Taiba |
|
Executive Board Member & CEO |
3.92 |
-- |
Abdul Aziz Al Othaim |
Al Othaim |
|
Executive Chairman |
3.63 |
3.75 |
Abdulelah Zahid |
Budget Saudi |
|
Board member |
3.29 |
20.03 |
Abdulrahman Al Muhanna |
Almarai |
|
Executive Board Member |
1.86 |
1.93 |
Mohammed Fitaihi |
Fitaihi Group |
|
CEO & board secretary |
1.86 |
1.34 |
Ayman Saied |
Taiba |
|
Board Chairman and Managing Director |
1.41 |
1.17 |
Turki Abbas |
Wafrah |
|
Executive Board Chairman |
1.33 |
1.48 |
Mansour Albabtain |
Al Babtain |
|
Board member & CEO |
1.31 |
-- |
Don Sumner |
Red Sea Housing |
|
Director General, Investment |
1.21 |
2.57 |
Khaled Al Saied |
Herfy |
|
CEO |
1.20 |
1.00 |
Saad Al Sawwat |
Tabuk Agriculture |
|
Managing Director |
1.00 |
1.01 |
Abdulmohsen Al Othman |
Takween |
|
Managing Director |
1.00 |
1.00 |
Saud Al Alrifi |
Northern Cement |
|
Executive Board Member |
0.95 |
0.90 |
Christopher Ledwige |
Arabian Shield |
|
Managing Director |
0.88 |
0.88 |
Sari Al Mayouf |
Thimar |
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| Almarai board member tops list of highest paid execs |
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