A`ayan's Investments
A'ayan Leasing and Investment Co. investments in the Leasing sector comes in accordance with its strategy of expansion and specialization in the leasing industry through the establishment and acquisition of companies specialized in leasing and building strategic alliances that serves the growth objectives and offers added value products.
Capital: KD 7,200,000 ($24,828,000)
Main Activity: Transportation (GCC countries, Iraq, Jordan, and Sudan)
Subsidiary Companies:
Watani Express for Air Cargo and Customs - Al-Babtain Automobile Frame Manufacturing Company - Mubarrad Logistics Co. Egypt
Mubarad was established to serve the land transportation market and transport commodities that require preservation through refrigerated or dried transportation such as food materials and some industrial supplies. Mubarad fulfills the market needs by committing to high quality service and through its modern and efficient fleet.
Mubarad's fleet consists of 900 trucks, fuel and water tankers, Cooled trailers, and low beds, in addition to concrete mixers and pumps. Mubarad is considered one of the most important suppliers of concrete mixers and pumps to construction companies in the local market. It is also one of the major transporters of Dairy products and Food materials, as well as fuel transportation and other local and abroad transportation in the GCC region, Iraq, Egypt, Jordan, and Sudan.
Capital: KD 5,000,000 ($17,241,000) 50% paid
Main Activity: Leasing Heavy Equipment (State of Kuwait)
Emdad Equipment Leasing Co. is the outcome of an alliance between A'ayan and some leading companies in the construction industry and heavy equipment sector. Emdad is specialized in leasing heavy equipments used in the building and construction works; its purpose is to fulfill the growing demand for equipment leasing services in a high degree of professionalism through providing modern equipments for short, medium, and long-term leasing contracts including daily leasing. Moreover, Emdad provides professional operators and alternative equipments. Emdad's fleet composes of a variety of new and modern heavy equipments strongly needed in the market.
The Company services are characterized by the fact that they left off the burden of maintenance, insurance, and managing the operation of a diversified equipments fleets from the shoulders of its clients. In addition to saving the clients the cost of such equipments during non-work periods, and the troubles of reselling the depreciated equipments in secondary markets. Emdad also offers its clients the possibility of avoiding retaining company's capital in depreciated assets instead of having the capital of the company active in operating activities.
Capital: KD 13,000,000 ($44,828,000)
Main Activity: Mass Transportation and Bus Leasing (Saudi Arabia)
Rawahel Transport Company offers its services mainly in Saudi Arabia. The company specializes in passengers and mass group transportation services in addition to leasing busses. Rawahel business activities are concentrated in the western region of Saudi Arabia, especially during Hajj and Omrah seasons. Rawahel has acquired leasing contracts orders for around 400 busses to transport pilgrims and omrah people for the next three years from companies specialized in Hajj and Omrah services.
Transportation market in Saudi Arabia is of a huge size, particularly when looking at employees' movement between distant areas in the kingdom. In addition to contracts signed for transporting students. The company offers passengers transportation services whether through bus leasing service or short, medium, and long-term contracts with companies, organizations, and governmental tenders in the Saudi market.
Rikaz Leasing Services Company
Capital: KD 3,000,000 ($10,374,000)
Main Activity: Leasing Services and Fleet Management (State of Kuwait)
Subsidiary Companies:
Asas Transportation Co. - Ayen Service Center - Rekab Rent-A-Car - Al-Ayn National Co.
Along with the rapid growth in the leasing market and the growing demand from consumers and organizations in the Kuwaiti market, came the need for a company specialized in managing large fleets and providing leasing services for owners of such fleets. Rikaz Leasing Services Company came to provide alternative cars services, maintenance, repair, and mass transportation through subsidiary companies for immediate and short-term leasing, high quality maintenance center that includes express service, and a passenger's transportation and bus leasing company called Asas Transportation Company.
Rikaz manages with very effectively the leasing services of A'ayan Leasing and Investment Company fleet estimated at 15,000 cars leased operational and financial leases in Kuwait's market, as well as other customers. Its services are considered of the main integral activities for the work circle in the leasing market.
Furthermore, Asas Transportation Company provides, through its new fleet of passengers buses (around 500 buses), passenger's transportation and bus leasing with experienced bus drivers in the local market. The company serves many sectors by transporting laborers to and from work places, plus transporting more than 56,000 students daily to and from their schools.
Asas Transportation Company has acquired many mass transportation governmental bids. Asas was established in 1991, and it provides -in addition to its main activity "mass transportation and bus leasing"- drivers services for sister companies and movement of passengers and goods inside and outside of Kuwait. What's more, Asas offers transport services to employees at nursing, hospitals, and special needs sectors, in addition to athletic clubs members. Working team in company is composed of drivers and specialized competent technicians.
Capital: KD 20,000,000 ($68,966,000), (KD 10,000,000 paid)
Main Activity: Medical Equipment Leasing (State of Kuwait)
A'ayan Leasing & Investment Company launched Enaya Medical Equipment Company to enter this market with operational leasing product, which gives big advantages for company clients in comparison with the financing tools available to purchase medical equipments. Therefore, this product will achieve real values and advantages that the medical sector in Kuwait and the region have been missing.
A'ayan invests its huge experiences in operational leasing product and in leasing in general through Enaya Company to provide medical equipments leasing services, which is witnessing continued increase in demand. Operational leasing advantages have deep and significant effect in the medical equipments sector, which agents presently import and sell to beneficiaries only to be dealt with as junk afterwards. This situation makes operational leasing the perfect solution to supply clinics and hospitals with modern equipment and continue to update this equipment in keeps base with fast technology evolutions.