Alsulaiman Acquires Taajeer Finance in Saudi Deal
Deal News | Jun 30, 2025 | Legal Community MENA
In a recent transaction within Saudi Arabia, the Alsulaiman Group, a family-owned investment entity with both local and international operations, acquired Taajeer Finance, a specialist in auto financing. This deal, which aims to advance Taajeer's transformation into broader areas of financing such as personal, lifestyle, and SME financing, was legally advised by the corporate and commercial team at Hammad & Al-Mehdar. The legal advisory was led by partners Suhaib Hammad, Hashem ElHawari, and Jude Abualhashem. The acquisition aligns with Alsulaiman Group’s strategic interest in expanding its footprint in financial services, marking a significant development within the Saudi finance industry.
Sectors
- Financial Services
- Legal Services
Geography
- Saudi Arabia – The transaction involves entities based in Saudi Arabia and impacts the Saudi financial services sector.
Industry
- Financial Services – Taajeer Finance operates in the financial services industry, specifically in auto, personal, lifestyle, and SME financing.
- Legal Services – Hammad & Al-Mehdar offered legal advice in the acquisition transaction.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Alsulaiman Group | Buyer | Company | A family-owned investment company active in Saudi Arabia and internationally. |
| Taajeer Finance | Target | Company | An auto financing specialist now expanding into personal, lifestyle, and SME financing. |
| Hammad & Al-Mehdar | Legal Advisor | Company | A legal firm advising both parties on the acquisition transaction. |
| Suhaib Hammad | Partner | Person | Led the legal advisory team at Hammad & Al-Mehdar. |
| Hashem ElHawari | Partner | Person | Led the legal advisory team at Hammad & Al-Mehdar. |
| Jude Abualhashem | Partner | Person | Led the legal advisory team at Hammad & Al-Mehdar. |