Executives at Saudi companies Savola Group, al-Tayyar Travel Group Holding Co. and Red Sea Housing Services Co. were the highest paid among Saudi listed companies’ officials last year, according to data compiled by Argaam which are based on disclosed information.
Abdul Rauf Manna, CEO of Savola Group, a food conglomerate which owns the Middle East’s biggest sugar refinery operations, topped the list, making SAR 23.1 million in 2013, or up by SAR 5.3 million from the previous year.
Nasser al-Tayyar, vice chairman and managing director of al-Tayyar, a tourism company with global operations, came second, earning SAR 15.5 million last year.
Don Brown Sumner, CEO of Red Sea Housing which manufactures modular commercial and residential buildings, was the third-highest paid, making SAR 11.3 million in salary and bonuses in 2013, or SAR 1.7 million more than the previous year.
The list reflects information publicly available by companies which provide detailed figures on their executives’ pay. Other firms which provide only total pay for their board of directors are not included in Argaam report.
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Highest salaries in Saudi listed firms, 2013 (SAR million) |
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|
Notes |
Position |
2013 |
2012 |
Member name |
Company |
|
Salaries, allowance and bonus |
CEO/managing director |
23.1 |
17.8 |
Abdul Rawoof Mohammed Manna |
Savola |
|
Salaries, allowance and bonus |
Vice chairman/managing director |
15.5 |
NA |
Dr.Nasser bin Aqeel Al-Tayyar |
Al Tayyar |
|
Salaries, allowance and bonus |
CEO /managing director |
11.3 |
9.6 |
Don Brown Sumner |
Red Sea Housing Services Co. |
|
Salaries, allowance and bonus |
Managing director |
7.4 |
7.1 |
Ahmed Hamad Al Saeed |
Herfy |
|
Salaries, allowance and bonus |
Chief investment manager |
1.3 |
1.1 |
Khalid Ahmad Alsaeed |
Herfy |
|
Salaries, allowance and bonus |
CEO |
3.8 |
3.8 |
Abdullah Muhammad Al-Zaid |
Herfy |
|
Salaries, allowance and bonus |
Vice CEO & admin council secretary |
1.0 |
1.0 |
Ayman bin Hamzah Saeed |
Taiba Holding Co. |
|
Salaries, allowance and bonus |
Managing director |
3.4 |
3.3 |
Abdulrahman Abdulaziz Al Muhanna |
Al Marai |
|
Salaries and allowance |
Chairman |
3.4 |
2.3 |
Abdul llah Abdullah Zahid |
Budget |
|
Salaries and allowance for 3 years services |
Managing director |
3.1 |
3.0 |
Amer A. Zenel |
Saudi Industrial Services Co. (SISCO) |
|
Salaries, allowance and bonus |
Managing director |
205 |
2.0 |
Esam Fouad Himdy |
Sahara Petrochemical Co. |
|
Salaries, allowance and bonus |
CEO |
2.4 |
2.1 |
Ali. A. Al-Hassoun |
Arriyadh Development Co. (Tameer) |
|
Salaries, allowance and bonus |
Managing director |
2.1 |
1.3 |
Abdulmohsen M. Al-Othman |
Takween |
|
Salaries and bonus |
General manager/ managing director |
2.2 |
2.2 |
Faisal Abdulkareem Alfeda |
Qassim Agriculture Co. (Gaco) |
|
Salaries, compensations and bonus |
Managing director |
1.6 |
1.7 |
Sultan M. Alhudaithi |
Saudi Automotive Services Co (SASCO) |
|
Salaries, allowance and bonus |
CEO |
1.4 |
1.2 |
Abdulhameed A. al-Turaief |
Tourism Enterprise Co. (SHAMS) |
|
Salaries and allowance |
CEO |
1.4 |
1.4 |
Hesham M. Alsharif |
Allied Cooperative Insurance Co.(ACIG) |
|
Salaries and wages |
Chairman/ CEO |
1.3 |
2.5 |
Abdullah S. Al-Suwailem |
Petro Rabigh |
|
Salaries, compensations and bonus |
CEO |
1.2 |
-- |
Yousef M. Al Gafari |
Al Othaim Market |
|
Salaries, allowance and bonus |
EX-CEO |
1.1 |
1.2 |
Zaid A. Al Yaeesh |
Al Ahsa Development Co. |
|
Salaries, allowance and bonus |
CEO |
0.9 |
1.0 |
Sari Abrahim Maayouf |
Thimar |
|
Bonus for his H1 management |
EX-managing director |
0.9 |
1.0 |
Mufarreh A. Marzouq |
Food Products Co. (Wafrah) |
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