Gulf Automobiles, Taajeer Sign Agreements to Boost Renault's Presence in Saudi Arabia

Press release
Published January 25th, 2018 - 01:24 GMT
Divyendu Kumar MD of GAA with Hazm Jamjoom COO for Taajeer.
Divyendu Kumar MD of GAA with Hazm Jamjoom COO for Taajeer.

Gulf Advantage Automobiles (GAA) signed recently two agreements to develop a strategic relationship with Taajeer Group. The first agreement is to showcase Renault vehicles at all Motor Souk showrooms and the second agreement is for the provision of leasing and financing services from Taajeer Auto Finance to all Renault customer, providing various flexible solutions in-line with customers’ various needs and financial capabilities.

The agreements were signed at Taajeer Group offices in the presence of Mr. Divyendu Kumar (Managing Director - GAA), Eng. Hazm Jamjoom (COO - Taajeer Group) and Mr. Abbas Nahdi (CEO – Taajeer Auto Finance) in addition to a number of high ranking executives from both companies.

Mr. Divyendu Kumar, CEO for Gulf Advantage Automobile, stated at the occasion: “We are very excited and happy to sign these two agreements with Taajeer, a leader in auto leasing and financing with excellent customer service. These agreements underlines the high profile and confidence Renault cars boasts in the Saudi market. Renault offers vehicles that meet and exceed the expectations of all market segments. They are characterized with high innovative technologies and contemporary stylish designs.”

Eng. Jamjoom, COO for Taajeer Group, commented on the occasion and said that this agreement with Gulf Advantage Automobiles is important for Taajeer in order to provide quality manufactured cars from Renault to our customers. Renault is a well-known European car manufacturer that provides state of the art vehicles at very competitive prices.

Mr. Abbas Nahdi, CEO for Taajeer Auto Finance, similarly stated: “We are proud to develop a strategic partnership with Gulf Advantage Automobiles and add the renowned French brand, Renault, to Motor Souk. We offer various options and solutions for our esteemed customers. Our vision is to make Taajeer the preferred choice in all automotive services, including car sales, car rental, leasing, financing and maintenance.”

It is also important to note that Taajeer was established in 1997 to offer Leasing solutions, in compliance with Islamic Shari’ah. It became the first company to provide this service, successfully, in the local market. Despite of strong competition, Taajeer has become one of the largest companies working in this field in the Kingdom of Saudi Arabia, and has developed a strong position, both financially, and with regards consumers.

All Renault cars feature the ideal and perfect balance that combines attractive prices, high quality, and competitive advantages, in addition to the adoption of the highest safety standards. Renault vehicles are tested at Renault Middle East hub in the United Arab Emirates to conform to all weather conditions in the Gulf region, which earned it customers trust and confidence and made them the perfect and favorite cars especially in the Saudi market. 

Background Information

Gulf Advantage Automobiles

GAA formally commenced its operations on July 17, 2010. 

Enormous investments have been committed and continue to be made by Gulf Advantage to strengthen the Renault brand in the Kingdom. Currently, Gulf Advantage operates through 8 Showrooms, 38 Service Centers, and 23 spare parts outlets across Saudi Arabia. Gulf Advantage's investment in Riyadh, the exclusive Renault Service center the largest in the GCC is an example of its commitment to provide top notch and most competitive after-sales service and spare parts availability in Saudi Arabia. Gulf Advantage is also in the process of opening new facilities during the coming months and expanding its reach to serve customers across KSA with new showrooms, service centers, and parts outlets.

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