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Top C.E.Os of Saudi Arabia in 2023

BusinessTop C.E.Os of Saudi Arabia in 2023

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Forbes recently released the Middle East region’s top-ranking 100 C.E.O.s list. Combined, the 100 C.E.O.s managed over $1 trillion in revenues, with their companies collectively valued at $5 trillion.

Regardless of the economic condition and market situation, C.E.O.s bear the most responsibility for a company’s results. This is evidenced by the corporate system’s success with ever-improving corporate governance over several years.

Today, ownership and management in companies are separate. Forbes reported the trend is also apparent in government-owned businesses. Defense and utilities sectors are now being incorporated and listed on stock exchanges. 

Today’s C.E.O.s focus on long-term benefits through innovation, technology, and E.S.G. initiatives.

For example, Amin H. Nasser, in 2022, led Saudi Aramco to regain its former position and usurp Apple to become the world’s most valuable company by market value. 

Ranking Methodology

Forbes ranking, the top C.E.O.s based on questionnaires, information collected from stock market disclosures, annual reports, industry reports, and financial statements. The list excluded Business Owners, and only C.E.O.s made it into the list.

Impact

The C.E.O.s were ranked based on their impact on the region and the markets. The achievements and performance of the C.E.O. in the last year.

The innovations and initiatives that the C.E.O. has implemented and the performance of the C.E.O. in the previous year.

Top 10 List

1. Amin H. Nasser

President and C.E.O. Saudi Aramco

Sector: Energy

Nationality: Saudi

Amin_Nasser_CEO Top Ranking C.E.O.s of Saudi Arabia in 2022-saudiscoop (3)

2. Yousef Abdullah Al-Benyan

Vice Chairman and C.E.O. SABIC

Sector: Industrials

Nationality: Saudi

Yousef-Al-Benyan-SABIC- Top Ranking C.E.O.s of Saudi Arabia in 2022-saudiscoop (9)

3. Waleed Abdullah Al-Mogbel

C.E.O. Al Rajhi Bank

Sector: Banking

Nationality: Saudi

Waleed-Al-Mogbel-Top Ranking C.E.O.s of Saudi Arabia in 2022-saudiscoop (4)

4. Saeed Al Ghamdi

Managing Director and Group C.E.O. Saudi National Bank (S.N.B.)

Sector: Banking

Nationality: Saudi

Saeed-Al-Ghamdi-Top Ranking C.E.O.s of Saudi Arabia in 2022-saudiscoop (5)

5. Olayan M. Alwetaid

Group C.E.O. STC

Sector: Telecommunications

Nationality: Saudi

Olayan-M-Alwetaid-Top Ranking C.E.O.s of Saudi Arabia in 2022-saudiscoop (6)

6. Ibrahim Almojel

C.E.O. Saudi Industrial Development Fund (SIDF)

Sector: Investments

Nationality: Saudi

Ibrahim-Almojel-SIDF-Top Ranking C.E.O.s of Saudi Arabia in 2022-saudiscoop (7)

7. Fahd H. Cynndy

C.E.O. Saudia Aerospace Engineering Industries (SAEI)

Sector: Aviation

Nationality: Saudi

Fahd-H.-Cynndy.-Top Ranking C.E.O.s of Saudi Arabia in 2022-saudiscoop (8)

8. Jerry Inzerillo

Group C.E.O. Diriyah Gate Development Authority

Sector: Tourism

Nationality: American

Jerry-Inzerillo-Group-Chief-Executive-Officer-Top Ranking C.E.O.s of Saudi Arabia in 2022-saudiscoop (10)

9. John Pagano

C.E.O. The Red Sea Development Company (TRSDC)

Sector: Tourism

Nationality: Canadian

John-Pagano-Top Ranking C.E.O.s of Saudi Arabia in 2022-saudiscoop (11)

10. Tareq Al Sadhan

C.E.O. Riyad Bank

Sector: Banking

Nationality: Saudi

Tareq-Al-Sadhan-Top Ranking C.E.O.s of Saudi Arabia in 2022-saudiscoop (12)

11. Paddy Padmanathan

C.E.O. and Vice Chairman ACWA Power

Sector: Utilities

Nationality: Sri Lankan

ACWA-Power-Paddy-Padmanathan-Top Ranking C.E.O.s of Saudi Arabia in 2022-saudiscoop (13)

12. Abdullah Al-Saadoon

C.E.O. Sahara International Petrochemical Co. (Sipchem)

Sector: Industrials

Nationality: Saudi

Abdullah-Al-Saadoon-Sipchem-Top Ranking C.E.O.s of Saudi Arabia in 2022-saudiscoop (14)

13. Abdullah Albader

C.E.O. Almarai

Sector: Food and Beverage

Nationality: Saudi

Abdullah-Al-Bader_-CEO-Top Ranking C.E.O.s of Saudi Arabia in 2022-saudiscoop (15)

14. Walid Abukhaled

C.E.O. Company: Saudi Arabian Military Industries (SAMI)

Sector: Defense

Nationality: Saudi

Eng-Walid-Abukhaled_-CEO-of-SAMI-Top Ranking C.E.O.s of Saudi Arabia in 2022-saudiscoop (16)

15. Abdullah Al-Khalifa

Alinma Bank Saudi Arabia

Sector: Banking

Nationality: Saudi

Alinma-Bank-CEO-Abdullah-Ali-Alkhalifa-Top Ranking C.E.O.s of Saudi Arabia in 2022-saudiscoop (17)

16. Omar Hariri

President Saudi Ports Authority (Mawani)

Sector: Logistics

Nationality: Saudi

Omar-Hariri-Top Ranking C.E.O.s of Saudi Arabia in 2022-saudiscoop (18)

17. Nasser Mohammed Al Huqbani

Group C.E.O. Dr. Sulaiman Al Habib Medical Services Group

Sector: Healthcare

Nationality: Saudi

Nasser-Al-Huqbani-Top Ranking C.E.O.s of Saudi Arabia in 2022-saudiscoop (19)

18. Thamer Al-Muhid

Group C.E.O. and Managing Director Saudi Chemical Company Holding

Sector: Diversified

Nationality: Saudi

Thamer Al Muhid Top Ranking C.E.O.s of Saudi Arabia in 2022-saudiscoop (1)

19. Tarek Youssef Hosni

C.E.O. Jamjoom Pharma

Sector: Healthcare

Nationality: Canadian

Tarek-Youssef-Hosni Top Ranking C.E.O.s of Saudi Arabia in 2022-saudiscoop (2)