Saudi cash
As many as 109 chief executives and board members were on the list of the highest-paid executives working for Saudi-listed firms in 2020, data compiled by Argaam showed.
The list was led by Abdullah Al Othaim Markets Co. (Al Othaim), United International Transportation Co. (Budget Saudi), Saudi Research and Marketing Group (SRMG), Red Sea International, and Saudi Automotive Services Co. (SASCO).
Al Othaim CEO Abdulaziz Abdullah Al Othaim topped the list with SAR 6.46 million compensation by the end of 2020, an increase of SAR 0.82 million from the previous year.
Budget Saudi CEO Fawaz Danish came second, with salaries, allowances and bonuses amounting to SAR 6.30 million in 2020.
SRMG chairman Abdul Rahman Ibrahim Al Rowaitea received SAR 6.24 million in 2020 as bonuses and allowances, including SAR 6 million as chairman remunerations.
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 in 2020 (SAR mln) |
|||||
|
Company |
Exeecutive |
2019 |
2020 |
Title |
Notes |
|
Al Othaim |
Abdulaziz Abdullah Saleh Al Othaim |
5.64 |
6.46 |
CEO |
Allowances, bonuses, short-term incentive plans, and compensations paid for administrative or advisory work. |
|
Budget Saudi |
Fawaz Danish |
-- |
6.30 |
CEO |
Salaries, allowances, and bonuses |
|
SRMG |
Abdul Rahman Ibrahim Al Rowaitea |
6.33 |
6.24 |
Chairman |
Bonuses and allowances, and chairman remuneration of SAR 6 mln |
|
Red Sea |
Tareq Mohammed Telmesani |
-- |
5.56 |
CEO |
Salaries, allowances, and bonuses |
|
SASCO |
Riyadh Almalik |
-- |
4.71 |
CEO |
Salaries, allowances, and bonuses |
|
SISCO |
Mohammed Al-Mudarres |
-- |
4.58 |
CEO |
Salaries, allowances, and bonuses |
|
MIS |
Ziyad Mortaji |
1.55 |
4.09 |
CEO |
Salaries, allowances, and bonuses |
|
Yanbu Cement |
Ahmed bin Abdu Zugail |
-- |
4.05 |
CEO |
Salaries, allowances, and bonuses |
|
SASCO |
Sultan Mohamed Alhudaithi |
-- |
3.90 |
MD |
Salaries, allowances, and bonuses |
|
Al-Etihad Insurance |
Hussam Alkannas |
-- |
3.86 |
CEO |
Salaries, allowances, and bonuses |
|
NCLE |
Khalid Mohammed Al-Khudair |
1.89 |
3.82 |
Chairman |
Salaries and end-of-service remuneration. Ended his service as MD on Sept. 20, 2019. |
|
Jabal Omar |
Khaled Al-Amoudi |
-- |
3.69 |
CEO |
Salaries and allowances |
|
MEPCO |
Sami Safran |
-- |
3.58 |
CEO |
Salaries, allowances and in-kind benefits |
|
NCLE |
Ibrahim bin Abdulrahman Al-Derea |
-- |
3.58 |
Executive Board Member |
Salaries, allowances, and bonuses |
|
Takween |
Jameel Al-Molhem |
-- |
3.54 |
MD |
Salaries, allowances, and bonuses |
|
Walaa Insurance |
Johnson Varugese |
-- |
3.11 |
CEO |
Salaries, allowances, and bonuses |
|
Herfy |
Ahmad Al Saeed |
7.32 |
3.04 |
CEO/MD |
Salaries, allowances, and bonuses, including SAR 1.657 billion, or 3% of profit, as management fees |
|
Al Akaria |
-- |
-- |
3.02 |
CEO |
Salaries, allowances, and bonuses |
|
Alhokair Group |
Majid Abdul Mohsin Al Hokair |
1.65 |
2.93 |
Deputy Chairman |
Salaries, allowances, and bonuses |
|
SABB Takaful |
Zaki Alismail |
-- |
2.88 |
COO |
Salaries, allowances, and bonuses |
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