Which companies pay their CEOs the most?
A list of the top five highest paid CEOs in the UAE
July 17, 2014 3:20 by kippreport
Working for Etisalat is a lucrative career choice. Last year three of their top executives earned a combined AED28.12 million.
A report released on Arabic site, Argaam, disclosed just how much the top 30 executives took home in terms of salaries and bonuses in 2013. The list comprises 15 professionals from Abu Dhabi and 15 from Dubai. The top ten executives were distributed among several industries, most notably telecoms, property development and construction, and investments.
Here’s how the top 5 looks:
Etisalat: The telecoms giant clocks in at the top of the list, paying its CEO, Ahmad Abdulkarim Julfar, AED17.27 million. It was named by Forbes Middle East as the UAE’s most powerful company in 2012.
Emaar Properties: Former CEO Low Ping built up a cool AED10.6m. She left her position towards the end of last year.
RAK Ceramics: Abdallah Massaad was paid AED7.64m by the world’s biggest ceramics company.
Abu Dhabi National Energy: Last year the previous CEO, Carl Sheldon, received AED7.38m in salary and bonuses.
Arabtec: The controversy around the construction company remains in the news, with many keeping their eyes on Arabtec shares. The former CEO, Hassan Ismaik, was paid AED6.61m.
The telecoms industry saw three of its executives making it into the top 10. Etisalat’s Ahmad Julfar, Serkan Okandan and Abdul Al Sawaleh came in at number 1, 8 and 9respectively. Just missing out on a top 10 spot was Osman Sultan, the CEO of du, at number 11, who earned AED4.59m last year.
Dubai’s Emaar Properties boasts four executives in the top 15 highest earners last year, while in Abu Dhabi, four of the top 15 worked for Etisalat, with a third working for Abu Dhabi National Energy.