LeasePlan Emirates
Abu Dhabi-based vehicle leasing and fleet management company with about 7,000 vehicles. Solutions+, a Mubadala company, holds 51 percent and BlueFive Capital 49 percent after buying Ayvens' stake in 2026.
Industry: Vehicle leasing and fleet management | Location: Abu Dhabi, United Arab Emirates | Founded: 2006
About LeasePlan Emirates
LeasePlan Emirates L.L.C. is a vehicle leasing and fleet management company based in Abu Dhabi, United Arab Emirates. It provides full-service leasing, fleet management and multi-mobility solutions to international corporates, small and medium-sized businesses, government entities and private individuals. Its website lists offices in Abu Dhabi, Dubai, Ras Al Khaimah and Sharjah, and the company manages a fleet of about 7,000 vehicles.
The company says it was established in 2006 and was born from a global company. It is part of the LeasePlan group, which ALD Automotive acquired in full on 22 May 2023 from a consortium led by TDR Capital; the combined business adopted the Ayvens brand in October 2023. Ajay Narain, who has led LeasePlan Emirates since September 2011, was named country managing director for the UAE as part of that change. For international clients, LeasePlan Emirates is Ayvens' exclusive alliance partner in the UAE.
Its services include Business Lease, with a flexible FlexiPlan option, Private Lease on long-term and flexible terms, Fleet Management, and My Company Car, a self-service tool for drivers. In November 2025 it launched a leasing option for Tesla vehicles in the UAE. In February 2026 it announced that it had received a Platinum rating from EcoVadis for 2025, which it described as placing it in the top 1 percent of companies assessed.
On 21 May 2026 BlueFive Capital, an Abu Dhabi alternative asset manager, announced it had completed the acquisition of a 49 percent stake in LeasePlan Emirates from Ayvens through its BlueFive Reef PE Fund I. Financial terms were not disclosed. Solutions+, a company within Mubadala, remains the majority shareholder with 51 percent. BlueFive chief executive Hazem Ben-Gacem said the investment is meant to speed growth and improve the use of technology, and the parties listed plans to align operating practices, invest in digital transformation, explore regional expansion and introduce more environmentally friendly transport options.
Leadership
- Ajay Narain, Country Managing Director, UAE (named May 2023)