By the numbers: salaries of top managers of Saudi banks

Saudi banks have spent 389 million riyals (exchange rate: 1 Saudi Riyal = 15,74 Russian ruble, 0.26 per US dollar — approx. ed.) on 69 top managers for fiscal year 2016. They got the money as bonuses, salaries, and incentive bonuses. According to the reports of the management boards of the Saudi banks were the most generous Bank NCB, who has spent 66.3 million riyals on said Mohammed al-Ghamdi and five other top managers. In 2015, their salary was 47.7 million, respectively, in 2016, they increased by 39%, according to the newspaper “al-Mal” (“Money” — approx. TRANS.)

Second place went to the SABB Bank, where executives received 36.6 million riyals. Followed by Samba financial group: here the staff received a total of 900 thousand, and the top management team — of 35.7 million riyals.

Bank Al Rajhi, the salary of heads in 2016 has increased compared to last year, more than doubled after the appointment of new Executive Director Stefano Paolo Bertamini: from 14.6 to 29.9 million rials.

For comparison, the 116 members of the governing Council of the banking sector received 69,6 million riyals compared to 61 million in 2015.

In addition, members of the Supreme governing Board of the Bank SABB — Khaled Suleiman Saleh al-Al and 9 — man received 12.3 million riyals as additional remuneration, which increased the income of everyone else at 1.2 million riyals.

Additional consideration of $ 8.9 million riyals provided by the already mentioned Bank NCB Mansour Saleh and eight representatives of the Board of Directors. The members of the management Board of the Bank of Riyadh and the investment Bank received a 5.9 and 5.7 million, respectively, finishing third and fourth place in the ranking of the biggest bonuses. The smallest bonuses provided Samba financial group and the French Bank.

 

Basic income:

 

The Bank

Top managers

Salary

(million)

Bonuses

(million)

Just

(million)

NCB

Sayyid Muhammad al-Reptiles and five other top managers

8,7

57,6

66,3

SAAB

David Robert Dew and five other top managers

7,97

28,6

36,57

Samba

Sugar The RA’zac

9,14

26,53

35,67

Investment Bank

Musaed Muhammad al-Manifi and five other top managers

14,2

20,05

Of 34.25

Saudi-French Bank

François Patrice Cufin and four other top Manager

12,2

21,94

34,13

Al Rajhi

Stefano Paolo Bertamini and four other top Manager

9,5

20,4

29,9

Alinma

Abd al-Muhsen Abdul Aziz and five other top managers

13,06

16,7

29,76

AlJazira

Nabil Daoud al-Husan and four other top Manager

14,2

15,3

29,5

Alawwal

Bernd van Linder and five other top managers and five other top managers

9,4

19

28,4

Albilad

Abdul-Aziz Mohammed al-Anzani and six other top managers

Of 13.13

9,89

Of 23.02

Bank Of Riyadh

Talal Ibrahim al-Katibi, Abdul Majeed Abdullah Abdul Aziz and four other top Manager

Of 10.86

11,4

22,26

Arab national Bank

Robert Maroun Eid and five other top managers

Accounting period 16.57

3,09

Of 19.66

 

Additional remuneration:

 

The Bank

Leaders

Other bonuses

(million)

SABB

Khaled Suleiman Saleh al-Allan and nine others

12,3

NCB

Mansour Saleh Al-Maiman

8,9

Bank Of Riyadh

Rashid Abdel Aziz al-Rasheed, Abdullah al-Aissa and another eight people

5,9

Investment Bank

Abdullah Saleh bin Dzhamag and eight other people

5,7

Albilad

Abd Ar-Rahman Ibrahim al-Hamid and another ten people

5,5

AlJazira

Tariq bin Usman al-Kasabi and eight other people

Of 5.06

Arab national Bank

Saleh Rashid Ar-Rashid and nine others

4,87

Al Rajhi

Abdullah Suleiman Abdel Aziz Ar-Rajihi and another ten people

4,4

Alawwal

Mubarak Abdullah al-khafra, and eight people

4,4

Alinma

Abdul Aziz Abdullah Al-Zaman and another eight people

4,4

Samba

Asa Muhammad al-Asa and nine others

4,3

Saudi-French Bank

Suleiman Abd al-Rahman al-Kawaz and nine others

3,9

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