Savola, Al-Tayyar top paid Saudi board members in 2014

Chief executive of Savola Group, AbdelRaouf Manaa, emerged as Saudi Arabia’s highest paid executive in terms of bonuses and salaries in 2014.

Manaa received SAR 24.7 million in 2014, with an increase of SAR 1.6 million year-on-year, according to an annual poll conducted by Argaam.

Al-Tayyar Travel Group’s deputy chairman and managing director Nasser Bin Aqeel Al-Tayyar, came in as second highest paid with a bonus of SAR 18 million

Ahmed Hamad Al Saeed, managing director and chief executive of Herfy Food Services Co., received a total package of SAR 8 million at the end of 2014, which is SAR 600,000 higher than what he received just a year earlie

The poll, however, does not include companies that did not provide their figures.

Saudi Arabia’s Highest Paid Executives in 2014 (SAR mln)
Notes	Position	2014	2013	Member name	Company
Salaries, allowance, bonus	CEO	24.7	23.1	Abdul Rawoof Manna	Savola
Salaries, allowance, bonus	Managing director	18.0	15.5	Nasser Al-Tayyar	Al Tayyar
Salaries, allowance, bonus	CEO/Managing director	8.0	7.4	Ahmed Al Saeed	Herfy
Compensations, allowance, bonus	Vice CEO/Managing director	5.8	3.8	Abdullah Al Zaid	Taiba Holding Co.
Salaries, compensations, allowance, bonus	Managing director	3.8	--	Jameel Al-Molhem	Al Hassan Shaker
2014 bonus	Chairman	3.6	3.4	Abdullah Zahid	Budget
End of service bonus	Vice CEO	3.4	--	Abdulrahman Al-Duhaim	Dur Hospitality
Salaries, compensations, allowance, bonus	Managing director	3.4	3.4	Abdulrahman Al Muhanna	Al Marai
Salaries, compensation, bonus	CEO	3.1	2.4	Ali Al-Hassoun	Arriyadh Development (Tameer)
Salaries, wages	CEO	2.3	--	Adel Al Zaid	Taiba Holding Co.
Salaries, allowance, bonus	Managing director	2.2	1.6	Sultan Mohamed Alhudaithi	Saudi Automotive Services (SASCO)
Salaries, compensations, bonus	CEO	2.1	1.2	Yousef M. Al Gafari	Al Othaim Market
Annual, periodical bonuses	Managing director	1.7	--	Joseph John Vecchiolla	Red Sea Housing Services Co.
Salaries, compensations, allowance, bonus	Managing director	1.6	2.1	Abdulmohsen Al-Othman	Takween
Salaries, allowance, bonus	Chief investment manager	1.4	1.3	Khalid Alsaeed	Herfy
Salaries	Chairman/Chief executive	1.4	1.3	Abdullah Al-Suwailem	Rabigh Refining
Salaries, compensations, allowances	Managing director	1.4	1.4	Mohammad Fitaihi	Fitaihi Holding
Bonus, compensations, allowances, air tickets, other benefits	CEO	1.2	0.5	Turki M. Al Abass	Food Products Co. (Wafrah)
Salaries, compensations, bonus	CEO/Managing director	1.1	0.8	Khalid Al-Kaf	Mobily
Salaries, bonus, compensations	Vice CEO/Administration council secretary	1.1	1.0	Ayman Saeed	Taiba Holding
Salaries, allowance, bonus	CEO	1.0	0.4	Adel A. Al-Saleh	Al Ahsa Development
Salaries, compensations, bonus	Managing director	1.0	0.9	Saud Saad Al-Arifi	Northern Region Cement
Salaries, compensations (Resigned before year’s end)	CEO	1.0	--	Saleh Al-Helasy	SANAD Insurance

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