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As many as 110 senior executives and board members were on the list of the highest-paid executives working for Saudi-listed firms in 2021, data compiled by Argaam showed.
The list was led by Thamer Al Sharhan, a board member of ACWA Power Co., with SAR 39.34 million, including shares worth SAR 34.34 million.
The current and former CEOs of Emaar The Economic City (Emaar EC) came second with SAR 8.35 million during the same year.
Meanwhile, Abdullah Al Othaim Markets Co.’s CEO Abdulaziz Abdullah Al Othaim came third with salaries, remunerations and allowances worth SAR 8.11 million, as he resigned on Dec. 30, 2021.
The following table shows the ranking of the highest-paid executives, excluding the companies that have not disclosed details:
|
Top-paid Executives in 2021 (SAR mln) |
|||||
|
Company |
Executive |
2020 |
2021 |
Title |
Notes |
|
ACWA Power |
Thamer Al Sharhan |
-- |
39.34** |
Board member (non-executive) |
Salaries, allowances, bonuses and shares worth SAR 34.34 mln |
|
Emaar EC |
-- |
-- |
8.35 |
Current and former CEOs |
Salaries, allowances and bonuses |
|
Al Othaim |
Abdulaziz Al Othaim |
6.46 |
8.11 |
CEO |
Salaries, allowances and bonuses, with resignation submitted on Sept. 30, 2021 |
|
SRMG |
Abdulrahman Al Ruwaita |
6.24 |
6.32 |
Chairman |
Salaries, allowances and bonuses of SAR 6 mln |
|
Gulf Union |
-- |
-- |
5.64 |
Current and former CEOs |
Salaries, allowances and bonuses |
|
Emaar EC |
-- |
-- |
4.70 |
Former and Current CEOs for Development |
Salaries, allowances and bonuses |
|
SISCO |
Mohammed Al Mudarres |
4.58 |
4.53 |
CEO |
Salaries, allowances and bonuses |
|
AlJazira Takaful |
Saqer Shah |
4.07 |
4.46 |
Executive Board Member and Managing Director |
Salaries, allowances and bonuses |
|
Saudi Paper |
Yousseri Elbishry |
2.75 |
4.11 |
CEO |
Salaries, allowances and bonuses |
|
Takween |
Jamil Al Mulhim |
3.54 |
4.10 |
Managing Director |
Salaries, allowances and bonuses |
|
Al-Etihad Insurance |
Hussam Al Qannas |
3.86 |
4.07 |
CEO |
Salaries, allowances and bonuses |
|
MEPCO |
Sami Al Safran |
3.58 |
4.01 |
CEO |
Salaries, allowances and bonuses |
|
Tadawul Group |
Sarah Al-Suhaimi |
-- |
3.85 |
Chairman |
Salaries, allowances and bonuses worth SAR 3.5 mln for her shares in the IPO |
|
Jabal Omar |
Khaled Al-Amoudi |
3.69 |
3.63 |
CEO |
Salaries and allowances |
|
Al Akaria |
Ibrahim Al Alwan |
3.02 |
3.60 |
CEO |
Salaries, allowances and bonuses |
|
Emaar EC |
-- |
-- |
3.50 |
CFO |
Salaries, allowances and bonuses |
|
MIS |
Ziad Mortaja |
4.09 |
3.48 |
CEO |
Salaries, allowances and bonuses |
|
SASCO |
Riyadh Al Malik |
4.71 |
3.46 |
CEO |
Salaries, allowances and bonuses |
|
MEPCO |
Mohammed Malibari |
1.70 |
3.39 |
COO |
Salaries, allowances, in-kind bonuses and the value of shares granted |
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