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

03/03/2015 Argaam - Exclusive

 

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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