Taajeer was established in 1997 as a limited liability company to offer leasing solutions, in compliance with Islamic Shari'ah. It became the first company to successfully this service in the local market, and later became a closed joint stock company.

It later became a closed joint-stock company, and although competition in this sector intensified, the Leasing Group has over time become one of the largest specialized companies in the field in Saudi Arabia. Among the pioneers in the Saudi rental market, it has been able to rise to a prestigious position and create a long-standing foundation in a short time.