AJIL was founded in 1997 as a limited liability company owned by Zahid Tractors to provide leasing and installments services to their clients. In 2008 MOCI, SAGIA and SAMA approved the transformation of the company to become a closed joint stock company with capital of SR 140 million which shares were divided between the following companies:

– Riyad Bank
– Zahid Group Holding Company Limited (Formerly known as Zahid Industries & Investment Company Ltd.)
– Mitsubishi Corporation – Japan
– Mitsubishi UFJ Lease & Finance Company Limited - Japan
– Al Yemni Motors Company Limited
– Al Wasilah Rent A Car Company Limited(Subsidiary of Haji Hussien Alireza & Co. Ltd)
– Khaled Ahmed Al-Juffali Company Limited

AJIL will operate as an independent financial services provider specialized in financing capital assets i.e. cars, trucks, office equipment, medical equipment, machinery and plants through a wide range of genuine financial products.

Combined with local market knowledge and the experiences of global financial services institutions, AJIL will gain advantage through the quality of financial services it provides.

Whether you are a manager of a company, an entrepreneur or you are an agent or a representative of a global or local franchise, we seek to provide better funding solutions for the development of your business.