In a new milestone that adds to Riyadh Cement’s track record of achievements, Board Member and CEO Eng. Shoeil bin Jarallah Al-Ayed has been recognized among the Best CEOs of 2024. This recognition was announced during the launch of the inaugural Argaam Investment Summit Awards, which aim to spotlight national leaders who have demonstrated outstanding performance and contributed significantly to business growth and excellence across the Kingdom.
This prestigious honor crowns a distinguished career, during which Eng. Al-Ayed has led Riyadh Cement since early 2017 with remarkable efficiency and an ambitious strategic vision. His leadership has strengthened the company’s operational and financial performance, positioning it as a frontrunner in the cement industry. Al-Ayed was ranked first as the Top CEO in the Cement Sector, in a list that included elite CEOs across various sectors such as banking, telecommunications, healthcare, education, pharmaceuticals, finance, petrochemicals, insurance, transportation, agriculture and food industries, retail, cement, oil and gas, real estate, IT, energy, F&B, manufacturing, and professional services.
The selection of Eng. Al-Ayed was based on a set of rigorous professional and leadership criteria evaluated by the Argaam Summit’s judging panel.
This achievement reflects the strong institutional integration within Riyadh Cement, where the Board of Directors’ support of the company’s strategy has played a pivotal role in empowering executive leadership to drive expansion, enhance operational efficiency, and implement impactful initiatives that have cemented Riyadh Cement’s standing as an industry leader both locally and regionally.
With over four decades of experience, Eng. Al-Ayed has held numerous leadership roles and served on several boards and national committees since 2003. His extensive expertise has enabled him to build a distinguished and influential record in the industrial and economic sectors.
The award ceremony took place yesterday, Wednesday, at the Four Seasons Hotel in Riyadh, and was attended by a distinguished group of executives and decision-makers from various industries. The event celebrated national talents who have become inspiring role models and left a lasting mark on institutional growth and development.
Riyadh Cement affirms that this recognition reflects its continued commitment to a culture of excellence and structured corporate performance and embodies the vital role of executive leadership in sustaining success and reinforcing the company’s leading position in the sector within the Kingdom.