The Al Sayer family initially established a foodstuffs business in the 1930s. When oil was discovered in Kuwait, the family shifted its focus, establishing Al Sayer Holding in 1954. A year later, it became Toyota’s second representative in the Arab world. Today, the group covers various sectors, including heavy equipment, transportation, industrial equipment, special vehicles and tools, financing, investment, real estate, insurance, and technology. The group owns over 10% of Warba Bank, which was valued at $159.2 million as of August 2022.