Mohammed Ishaq Thawab Gul had been found guilty of trafficking heroin into the kingdom, the interior ministry said.
Most people put to death in the Gulf country are beheaded with a sword.
Murder and drug trafficking cases account for the majority of Saudi executions, although 47 people were put to death for "terrorism" on a single day in January.
According to rights group Amnesty International, Saudi Arabia had the third-highest number of executions last year -- at least 158.
Rights experts have raised concerns about the fairness of trials in Saudi Arabia and say the death penalty should not be applied in drugs cases.
The interior ministry, however, said the government "is keen on fighting drugs of all kinds due to their serious damage to individuals and the society".