Highest-paid execs of Saudi-listed firms in 2022

Top-Paid Executives in 2022 (SAR mln)

Company

Executive

2021

2022

Title

Notes

SASCO

Ibrahim Al Hudaithi

0.24

12.44

Chairman, Head of Executive Committee

Includes a non-recurring bonus for the staff working on the acquisition of 80% of NAFT Services

Sultan Al Hudaithi

2.76

11.53

Executive Board Member/ Managing Director

Includes an exceptional bonus for the staff working on the acquisition of 80% of NAFT Services Company Ltd

Al Arabia

Muhammad Abdelellah Al-Khereiji

2.12

8.96

CEO, Executive Board Member

Bonuses and short-term incentive plans at SAR 8.2 mln

Al Othaim

Muwaffaq Bin Mansour

--

7.73

CEO

Salaries, short-term incentive plans and end-of-service benefits

Seera

Majed bin Ayed Al-Nefaie,

2.42

6.63

Executive Board Member

Included SAR 6.1 mln for consultancy, technical and administrative works

SASCO

Riyadh Almalik

3.46

6.47

CEO

Salaries and includes a non-recurring bonus at SAR 4.3 mln for the acquisition of a stake in NAFT Services

SRMG

Abdulrahman Ibrahim Rwaita

6.32

6.32

Chairman

SAR 6 mln in Chairman bonus, and other allocations

Al Akaria

Ibrahim Al Alwan

3.60

5.76

CEO

Salaries, allocations, bonuses, in-kind privileges (a car)

Seera

Abdullah Aldawood

1.22

5.70

Executive Board Member

Salaries, allocations, and bonuses

Saudi Paper

Yousseri Abdel Hamid Abdel Aziz El Bishry

4.11

5.51

CEO

Salaries, allocations, in-kind privileges, and end-of-service benefits

SNB

Ammar A. AlKhudairy

8.50

5.50

Chairman, Head of Executive Committee, & Representative of PIF

Fixed amounts and allocations

Herfy

Moataz Qusay Al-Azzawi

0.33

5.34

Chairman

SAR 5 mln in additional bonus to the Chairman, in addition to other allocations

Nayifat Finance

Abdulmohsen Al Dosari

--

5.31

Former Executive Board Member

Salaries, allocations, bonuses, end-of-service benefits, short- and long-term incentive plans. Resignation dated June 22, 2022

SISCO

NA

--

5.23

CEO

Salaries, allocations, in-kind privileges, and end-of-service benefits

Takween

Jameel Al Mulhem

4.10

4.42

Managing Director

Salaries, allocations, short-term incentive plans and end-of-service benefits

AlJazira Takaful

Sagar Shah

4.46

4.17

Executive Board Member, Managing Director

Bonuses and allocations

Emaar EC

Cyril Piaia

--

4.01

CEO

Salaries, allocations, in-kind privileges, and benefits.

MEPCO

Sami Ali Al Safran

4.01

3.99

CEO

Salaries, allocations, in-kind privileges, and end-of-service benefits.

BSF

Mazin Abdulrazzak AlRomaih

3.79

3.80

Chairman

SAR 3.75 mln bonus disbursed for the Chairman

Yanbu Cement

Ali bin Abdullah Al-Ayed

3.13

3.64

CEO

Salaries, allocations, in-kind privileges and end-of-service benefits

Alinma Bank

Abdulmalek bin Abdullah Al-Hogail

2.50

3.50

Board Member

SAR 3 mln worth of a non-recurring bonus to the Chairman in addition to other allocations