DUBAI: Saudi Electricity Co. and Bawan Co. were among the leading Saudi Arabian companies honored for their outstanding operational excellence as the Top CEO forum concluded on May 18 in Dubai.
Amid a standing ovation, Khaled bin Hamad Al-Gnoon, the acting CEO of SEC received the honor, followed by Bawan Co.'s CEO Fozan bin Mohammed Al Fozan.
Around 100 CEOs from the Gulf Cooperation Council listed companies received the Top CEO awards based on their financial performance, size and corporate governance. The companies were spread across 10 sectors including banking, energy & utility, finance & investment, logistics & industrials, malls, real estate and construction, and mining, metal & chemicals.
Other CEOs who were honored during the event include Sami Al-Safran of Middle East Paper Co., Salman Abdulaziz Al-Badran of Mobily, Fahad Salem Al-Matrafi of Advanced Petrochemical Co., Omar Al-Ruhaily of Saudi Kayan Petrochemical Co., and Abdullah Ali Al-Khalifa of Alinma Bank.
Leejam Sports Co. CEO Shaden Hamad Alsagri, L’azurde Co. for Jewelry CEO Sélim Chidiac, and SRMG's Jomana Rashid Al-Rashed were also recognized for their outstanding achievements.
The winners were selected based on the financials and corporate governance metrics for the financial year 2021. The organizer stated that the winners’ final list, which was audited by KPMG, was prepared based on a formula developed in partnership with INSEAD Business School and Hawkamah Institute for Corporate Governance.