Al Sayer Holding

The Al Sayer family established its business in the foodstuffs sector in the 1930s, before the discovery of oil in Kuwait. Late chairman Naser Al Sayer and his family then founded Al Sayer Holding in the 1950s. The company imported the first Toyota Land Cruiser car into the Arab world in 1955, and it was the second representative of the Toyota trademark worldwide. Today, the company has diversified its operations from the automotive industry to 18 more sectors including transportation, industrial equipment, financing, investment, real estate, and others. Al Sayer Group Holding owns 10% of Warba Bank, valued at $124 million as of April 2021.