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 2024. Check if your company’s CEO is there.
Saeed Al-Ghamdi – SNB
Saeed Al-Ghamdi, the chairman of Saudi National Bank (SNB), was the highest-paid executive in Saudi Arabia, earningĀ an annual salary of SR 7.35 million in 2024.
- 2023: SR 5 million.
Abdulrahman Ibrahim Rwaita – SRMG
In 2024, the Saudi Research and Media Group (SRMG) paid Abdulrahman Ibrahim Rwaita, the chairman of the executive committee, an annual salary of SRĀ 6.32 million. This made him the second-highest-paid executive in Saudi Arabia at that time.
- 2023: SR 6.31 million.
Abdullah Mohammed Al-Issa – Riyad Bank
Abdullah Mohammed Al-Issa, the chairman of the board at Riyad Bank, is recognized as the third-highest-paid executive in Saudi Arabia, earning an impressive salary of SR 5.82 million in 2024.Ā
- 2023: SR 5.81 million.
Abdulrazzaq BinDawood
In 2024, BinDawood Holding’s Board Chairman received a substantial remuneration of SR 5 million, making him the fourth-highest-paid executive in the Kingdom of Saudi Arabia.
- 2023: SR 2.63 million.
Mohammed bin Khalid bin Mohammed Al Khudair
In 2024, the National Company for Education, recognized as the first stock corporation within the educational sector, compensated its CEO, Mohammed bin Khalid bin Mohammed Al Khudair, with a remuneration of SR 4.75 million. This significant compensation positions him as the highest-paid CEO in Saudi Arabia.
Sultan Bin Mohammed Alhudaithi – SASCO
Sultan Bin Mohammed Alhudaithi of SASCO received compensation amounting to SR 4.64 million for the year 2024. This remuneration reflects his positions as vice chairman of the Board, managing director of the company, and member of the executive committee.
- 2023: SR 3.09 million.
Abdulmalek bin Abdullah Al-Hogail – Alinma Bank
Dr. Abdulmalik Abdullah Al-Hogail, Chairman of the Board of Directors of Alinma Bank, received a total remuneration of SR 4.57 million for his responsibilities. This compensation positions him as the seventh highest-paid executive in Saudi Arabia.
- 2023: SR 3.89 million.
Mazin Abdulrazzak AlRomaih – BSF
Mazin Abdulrazzak AlRomaih, who serves as the Chairman of the Board of Directors at Banque BSF and as the Chairman of the Executive Committee, received a total remuneration of SR 4.56 million.
- 2023: SR 3.79 million.
Riyadh Almalik – SASCO
Riyadh Almalik, serving as the CEO of SASCO, received an annual compensation package totaling SR 4.52 million.Ā This amount positions him as the second-highest-paid CEO in Saudi Arabia for the 2024 fiscal year.
- 2023: SR 4.37 million.
Salim Fakhouri – Cenomi Retail
Salim Fakhouri, the newly appointed CEO of Cenomi Retail, has received a remuneration of SR 4.46 million to become the third-highest paid CEO of Saudi Arabia.
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