Updated:
Tasaru Holding
Yazeed Alrajhi's Tasaru Holding deploys family capital alongside Saudi Arabia's PIF in mobility and logistics investments tied to Vision 2030.
Tasaru Holding
Tasaru Holding was established in 2020 by Yazeed Alrajhi, whose family founded Al Rajhi Bank, one of the world's largest Islamic banks. The firm operates as the primary investment vehicle for Alrajhi's personal and family capital, deploying across sectors that align with Saudi Arabia's Vision 2030 economic transformation agenda. While the Alrajhi family's core wealth originates in banking, Tasaru's mandate extends into industrial, mobility, and consumer assets that leverage the Kingdom's infrastructure buildout. The firm's most visible commitment is Tasaru Mobility Investments, a dedicated vehicle launched in partnership with Saudi Arabia's Public Investment Fund (PIF). Tasaru Mobility targets the automotive supply chain, logistics, and electric vehicle ecosystem, a priority sector under Vision 2030. Key projects include a major automotive logistics hub in King Abdullah Economic City, developed with Zamil Group Real Estate Company, and the Saudi Automotive Logistics joint venture with Bahri Logistics. The firm's consumer portfolio includes the Half Million coffee chain, and it has signaled interest in early-stage technology through Omar Rebhan's involvement with Saudi Angel Investors. Geographically, investments cluster in Saudi Arabia with partners spanning the Gulf Cooperation Council. Founder Yazeed Alrajhi is both chairman and public face of the platform. Omar Rebhan served as CEO from 2020 to 2023, building the initial operating infrastructure before departing. The PIF relationship is managed through Omar Al-Madhi, Co-Head of MENA Direct Investments at PIF, who chairs Tasaru Mobility Investments alongside CEO Michael Müller. The broader professional headcount is not publicly disclosed. The Alrajhi name carries significant weight in Saudi dealmaking — the family's banking origins provide a capital base that Tasaru directs toward hard-asset and industrial opportunities rather than liquid financial portfolios. The firm's structure blurs the line between single-family office and sovereign co-investment platform. Tasaru Mobility Investments functions as a joint venture with PIF, giving the Alrajhi family direct access to the Kingdom's largest institutional capital pool. This hybrid architecture — private family capital layered atop a sovereign balance sheet — is uncommon outside the Gulf and positions Tasaru as both a commercial investor and a policy-aligned vehicle for industrial development.
General information
Firm type
Multi Family Office
Year founded
2020
AUM
Undisclosed (Altss estimate)
Location
Region
Middle East
Country
Saudi Arabia
City
Riyadh
Corporate office
Riyadh, Saudi Arabia
Principals
Yazeed Alrajhi
Founder
Sector focus
Frequently asked questions
How is Tasaru Holding related to Al Rajhi Bank?
Tasaru Holding was founded by Yazeed Alrajhi, a member of the family that established Al Rajhi Bank. The bank itself is a publicly traded corporation controlled by multiple branches of the Alrajhi family. Tasaru operates independently as Yazeed Alrajhi's personal investment vehicle and has no direct ownership link to the bank, though the family's banking wealth forms the capital base.
What is Tasaru Mobility Investments and how does it relate to PIF?
Tasaru Mobility Investments is a subsidiary of Tasaru Holding established as a joint venture with Saudi Arabia's Public Investment Fund. It targets the automotive supply chain, logistics infrastructure, and electric vehicle ecosystem. Omar Al-Madhi, Co-Head of MENA Direct Investments at PIF, serves as its chairman, while Michael Müller is the CEO. The structure gives Tasaru access to sovereign co-investment capital for industrial-scale projects.
Who makes investment decisions at Tasaru Holding?
Founder Yazeed Alrajhi retains ultimate decision-making authority as chairman. Day-to-day investment execution is managed by Michael Müller at Tasaru Mobility Investments. Omar Rebhan, a founding partner of Saudi Angel Investors, previously served as CEO from 2020 to 2023 but has since departed. The firm has not publicly disclosed its current investment committee structure.
Does Tasaru invest outside Saudi Arabia?
Tasaru's disclosed investments cluster within Saudi Arabia, consistent with its Vision 2030 alignment. The automotive logistics hub in King Abdullah Economic City and the joint venture with Bahri Logistics are domestic projects. The firm has not publicized international direct investments, though its mobility mandate could extend into regional supply chains across the Gulf Cooperation Council.
What is the Alrajhi family's business history?
The Alrajhi family built Al Rajhi Bank, which traces its origins to a money-changing business founded in the 1950s by the Alrajhi brothers. The bank went public in 1988 and is now one of the largest Islamic banks globally, with substantial operations across Saudi Arabia, Malaysia, and the Gulf. Different family branches manage separate investment offices — Tasaru represents Yazeed Alrajhi's independent platform.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: