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Mon 20 Sep 2010 02:00 PM

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Prince Alwaleed is Gulf's most efficient boss – study

Arabian Business ranks the 50 Gulf bosses coaxing the best returns from their staff.

Prince Alwaleed is Gulf's most efficient boss – study
MOST EFFICIENT: Saudi Arabia’s Prince Alwaleed has been named as the Gulf’s most efficient boss in a new survey by Arabian Business.(Getty Images)

Saudi Arabia’s Prince Alwaleed has been named as the Gulf’s most efficient boss in a new survey by Arabian Business.

The survey – which examined the profits generated by each employee in a company – found that HRH’s Kingdom Holding Company delivered $2.96 million profit per employee.

Arabian Business examined the 2010 H1 profits of the 50 top companies in the GCC (ranked by market capitalization). The survey calculated “efficiency” by using the formula of H1 profits divided by the number of employees.

Kingdom Holding, which turned in $56.2 million profits for H1, has 19 staff now working directly for the group.

Qatar Gas Transport Company’s managing director Muhammad Ghannam came second in the list, delivering $696,923 profit per employee, with First Gulf Bank CEO Andre Sayegh in third place (the highest ranked UAE company), after registering $558,179 profit per employee.

Qatari companies dominated the list, with five in the top ten. Next to Kingdom Holding, the highest place Saudi company was Dar Al Arkan Real Estate, with $445,600 per employee.

Kuwait’s most efficient company, according to the survey, is Mobile Telecommunications, with $207,200 profit per employee.

The last four companies in the survey showed negative efficiency, with Zain Saudi Arabia in 50th place, delivering  minus $759,382 profit per employee.

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Whatever 10 years ago

If I were born in royalty and had everything I would dream of, don't you think I would have been the most efficient in everything too?!!

Raymond Tiruchelvam 10 years ago

Saudi Kayan although being a 4 year old company, only started commercial production operations in August 2010, and thus recorded losses in the earlier period. The profit shown in 2008 basically represents commissions earned from the IPO funds while the plant was being constructed. This should be reflected accordingly in the comments.

Saud 10 years ago

Saudi Kayan is the largest petrochemical complex in the middle east. The successful start-up of this complex reflects professionalism, deication and commitment to business. We hope for Saudi Kayan a bright future as such becoming the Number one contenders in the middle east.

Karigar Hisamuddin Suleman 10 years ago

To jump high, we need to take few steps back. Inshaallah in next survey we will find saudi kayan & Mr.Mahdi al Bogami in top 5 CEO.

Hareesh 10 years ago

Each of us in Saudi Kayan feel proud on successfull completion of important milestones one after the other. Exemplary team work and resultant commitment is behind this steady progress and very promising success.

samih Alameddine 9 years ago

While reading this article I began to think of all the potential possibility of the offering of corporate sigma. I am now on chapter 4 in the book and look forward to completing it soon. I also saw your new site looks fantastic and also rich in content. I hope we can be on the same team. Best Regards

mansour 9 years ago

when you meet Fahad for the first time you know right away he is different, he is a leader and his personality is very strong that you love working with him. Abu Nawaf all the best.

shammari U&o SK 9 years ago

God help us all He loves and which pleases Him and we are honored to be employees under the administration of His Excellency Professor / Mahdi Baqmi, which I hope from God to help him and Iahcharkp in this great president Shammari

shammari U&o SK 9 years ago

God help us all He loves and which pleases Him and we are honored to be employees under the administration of His Excellency Professor / Mahdi Baqmi, which I hope from God to help him and Iahcharkp in this great president Shammari

Rafi 9 years ago

One of the most lopsided analysis i ever read. Even a fifth grade student wouldl know that per-ca-pita income by employee has nothing to do with efficiency. It all depends on the industry and organisation structure. Alwaleed's income doesn't come from the few employees siting in the holding company, it came from each and every one working in different companies under it. You have to count all the employees of Fairmonts and other properties he has invested in. He is basically an investor, investing the oil money and if you see the net returns on the money invested, there's nothing extra-ordinary there.

As usual, this doesn't make a cut as a business news, though AB achieves it's goals.