Alsulaiman Group Acquires Taajeer Finance

Deal News | Jun 19, 2025 | Zawya

Alsulaiman Group, renowned for operating IKEA stores in Saudi Arabia and Bahrain, has expanded into the financial sector by acquiring Taajeer Finance Company. Taajeer Finance, previously recognized for its auto loan services, will now broaden its scope to offer personal, lifestyle, and SME financing products. This acquisition represents a strategic initiative by the family-owned conglomerate, driven by a belief in the potential for innovation and growth in the financial sector. Saud Alsulaiman, CEO of the group, underscored this move as part of a wider investment strategy that includes ventures in retail, logistics, real estate development, and technology. The group's recent expansion into convenience retail via Circle K stores exemplifies their diversified approach to business growth.

Sectors

Financial Services
Retail
Logistics
Real Estate Development
Technology

Geography

Saudi Arabia – Alsulaiman Group and Taajeer Finance are based in Saudi Arabia, indicating the primary geography of the transaction.
Bahrain – Alsulaiman Group operates IKEA stores in Bahrain as well.

Industry

Financial Services – The article discusses the acquisition of a finance company, indicating activity in the financial services sector.
Retail – Alsulaiman Group operates IKEA stores indicating its involvement in the retail industry.
Logistics – The article mentions Alsulaiman Group's investment in logistics as part of its diversified portfolio.
Real Estate Development – The group's investment portfolio includes real estate development.
Technology – Alsulaiman Group is involved in technology, as indicated by its investment portfolio.

Financials

Participants

Name	Role	Type	Description
Alsulaiman Group	Acquirer	Company	A family-owned conglomerate operating IKEA stores in Saudi Arabia and Bahrain.
Taajeer Finance Company	Target Company	Company	A company known for providing auto loans now expanding into personal, lifestyle, and SME financing.