Executives at Savola, al-Tayyar, Red Sea Housing were the highest paid in 2013 Argaam’s data

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.

Highest salaries in Saudi listed firms, 2013 (SAR million)
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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