Alabbar was UAE’s top-paid executive in 2016

Mohamed Alabbar, the founder and chairman of Emaar Properties, was the highest paid of the 30 top executives in Dubai and Abu Dhabi listed companies in 2016. The Emirati billionaire earned AED 98.38 million in compensation for managing the parent firm and its subsidiaries, data compiled by Argaam showed.

Ahmad Abdulkarim Julfar, Etisalat Group's CEO, followed with AED 18.65 million in salaries and bonuses. Hussein Hachem, Aramex’s CEO, ranked third earning AED 18.47 million.

Khalid Bin Kalban, Managing Director & CEO at Dubai Investment, took the sixth position on the list, receiving AED 8.63 million in compensation including AED 4.5 million as bonus for 2015.

Julphar’s CEO Ayman Sahli, who will leave the company in Q2-2017, also earned AED 7.45 million in salaries and bonuses.

The list included other executives in Emirates Integrated Telecommunications Co. (du), Eshraq Properties, Drake & Scull International, National Central Cooling Co. (Tabreed) and Damac Properties.