Taajeer

Taajeer was founded in 1997 as a limited liability company to provide leasing solutions in compliance with Islamic Shari’ah. It became the first to successfully offer this service in the local market and later, in 2005, became a closed joint stock company with a capital of SAR 100 million.

Timeline:
• 1997 – Established and started operations.
• 2005 – Converted into a closed joint stock company.
• 2008 – Issued the first Islamic Sukuk in Saudi Riyals.
• 2012 – Capital raised to SAR 640 million; profit of SAR 177 million achieved.
• 2013 – Diversified investments in the automotive sector began.
• 2015 – Capital increased to SAR 900 million.
• 2016 – Capital reached SAR 1 billion.
• 2017 – Signed distribution agreement for MG, becoming exclusive agent in Saudi Arabia.
• 2020 – MG entered the top 10 best-selling brands in the Saudi car market.
• 2021 – Capital reached SAR 2 billion.

Our Vision
To be the first choice in everything related to cars, including sales, after-sales services, spare parts, daily rentals, operational financing, lease financing, collection services, and legal advice.

Our Mission
To be the preferred choice for customers in all automotive-related services, by providing fast service, sustainable value, and convenience, while continually improving and simplifying our processes.