Almarai board member tops list of highest paid execs

Almarai Co.’s former managing director and non-executive board member Abdul Rahman Al Muhanna has topped the list of highest-paid executives working for Saudi-listed firms, as he earned SAR 20 million in 2015.

The ranking, which is measured by salaries and bonuses, is not comprehensive as only some companies disclose detailed information on executive compensation.

Fahd Al-Rasheed, who currently serves at chief executive and managing director of Emaar The Economic City (Emaar EC), received SAR 14.92 million in total compensation for the year.

Ahmad Al Saeed, chief executive and managing director of Herfy Food Services, was paid SAR 8.14 million in salary and bonuses during the period, up from SAR 7.97 million in 2014.

Other executives included in the ranking currently serve at Saudi British Bank (SABB), Budget Saudi, Fitaihi Group and Petro Rabigh, among other Saudi-listed firms.

Ranking of Top-paid Executives (SAR mln)
Title	2015	2014	Member	Company
Former managing director Non-executive board member (current)	20.03	3.36	Abdulrahman Al Muhanna	Almarai
Managing Director	14.92	--	Fahd Al Rasheed	Emaar EC
CEO & Managing Director	8.14	7.97	Ahmed Al Saeed	Herfy
Managing Director	6.97	--	David Dew	SABB
Executive Chairman	3.75	3.58	Abdulelah Zahid	Budget Saudi
Executive Board Member	3.37	3.11	Ali Al Hassoun	ARDCO
CEO	2.72	2.25	Adel Al Zaid	Taiba
Investment General Manager	2.57	1.42	Khaled Al Saied	Herfy
Executive Board Member	1.93	1.37	Mohammed Fitaihi	Fitaihi Group
CEO & Managing Director	1.53	--	Abdul Aziz Al Duailej	Saudi Printing & Packaging
Executive Board Member	1.48	--	Mansour Ababtain	Al Babtain
CEO	1.45	1.39	Abdullah Al Swailem	Petro Rabigh
Board Chairman	1.44	1.44	Mohammed Al Rajhi	Tabuk Agriculture
Vice CEO	1.34	1.12	Ayman Saied	Taiba
Board Chairman and Managing Director	1.17	1.21	Turki Abbas	Wafrah
Managing Director	1.01	1.61	Abdulmohsen Al Othman	Takween
CEO	1.00	0.78	Saad Al Sawwat	Tabuk Agriculture
Managing Director	1.00	1.01	Saud Al Eraifi	Northern Cement

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