Top 10 highest-paid CEOs of Saudi Arabia – 2023

The Saudi Corporate sector is known for rewarding its CEOs well. In this article, we have listed the top 10 highest-paid CEOs in Saudi Arabia in the year 2023. Check if your company’s CEO is there.

Abdulrahman Ibrahim Rwaita – SRMG

Saudi Research and Media Group (SRMG) tops the list of highest-paid CEOs in Saudi Arabia. In 2023, the company paid its chairman of the executive committee, Abdulrahman Ibrahim Rwaita, an annual package of SR 6.31 million. In other words, he is the highest-paid executive in Saudi Arabia right now.

  • 2022: SR 6.32 million.

Abdul Rahman Ibrahim Al Rowaita - CEO of SRGM

Abdullah Mohammed Al-Issa – Riyad Bank

The second highest-paid executive in Saudi Arabia is employed by Riyad Bank, which paid Abdullah Mohammed Al-Issa, the board chairman, SR 5.81 million in 2023.

  • 2022: SR 1.50 million.

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Ibrahim Al Alwan

Ibrahim Al Alwan, the CEO at Al Al Akaria, is number 3 among the highest-paid CEOs in Saudi Arabia, with an annual package of SR 5.77 million in 2023.

  • 2022: SR 5.76 million.

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Moataz Qusai Al Azzawi

Moataz Qusai Al Azzawi, the Chairman of Herfy, is number four among the highest-paid CEOs in Saudi Arabia, with an annual package of SR 5.28 million in 2023.

  • 2022: SR 5.34 million.

Saeed Al-Ghamdi

Saeed Al-Ghamdi, the chairman of Saudi National Bank (SNB), ranked fifth on the list, with SR 5 million in annual salaries in 2023.

  • 2022: SR 0.5 million.

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Saqr Bin Abdul Latif Nader Shah

Saqr Bin Abdul Latif Nader Shah is the CEO of Al Jazira Takaful, which ranked sixth among the highest-paid executives in Saudi Arabia for the year 2023, with an annual package of SR 4.99 million.

  • 2022: SR 4.17 million.

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Waleed Al Ghamlas

Waleed Al Ghamlas, the CEO of Morabaha Marina Financing Co. (MRNA) ranked in the 7th position on the list with SR 4.78 million in annual salaries in 2023.

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Abdullah Nasser Abdullah Al Daoud

Abdullah Nasser Abdullah Al Daoud, the CEO of Seera Group Holding, ranked 8th on the list, with SR 4.67 million in annual salaries in 2023.

  • 2022: SR 5.7 million.

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Riyadh Almalik – SASCO

Riyadh Almalik is the CEO of SASCO, which ranked 9th among the highest-paid executives in Saudi Arabia for the year 2023 with an annual package of SR 4.37 million.

  • 2022: SR 6.47 million.

Riyadh Almalik - SASCO

Sami Safran

Sami Safran, the CEO of Middle East Paper Company (MEPCO) ranked in the 10th position on the list with SR 4.16 million in annual salaries in 2023.

  • 2022: SR 3.99 million.

Source: Argaam

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