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Saudi’s Hassana Acquires 40% Stake in Berain Water

Saudi’s Hassana Acquires 40% Stake in Berain Water
Image Source: Utilities Middle East
  • Hassana Investment Company acquires 40% of Berain Water, strengthening its consumer sector portfolio.
  • The deal aligns with Hassana’s strategy of investing in stable, cash-flowing businesses.
  • Rajhi-Invest emphasizes the partnership’s role in Berain’s growth and long-term vision.

Hassana

What happened? Hassana Investment Company (Hassana) acquired  a 40% stake in Berain Water Company (Berain), a bottled water company in Saudi Arabia. The acquisition was from Mohammed Abdulaziz Al-Rajhi & Sons Investment Company (Rajhi-Invest).

Mr. Ahmed W. Alqahtani, CIO of Regional Markets at Hassana, said: ” This transaction is aligned with Hassana’s long-term investment strategy to acquire well-performing businesses in the consumer sector with a stable and attractive cashflow profile underpinned by strong market fundamentals. “

Berain

Who are they? Berain is a major bottle water company in Saudi Arabia that offers its products under a multi-brand portfolio. 

Hassana Investment Company is the investment manager of the General Organization for Social Insurance (GOSI) which invests on the behalf of Saudis for their future pensions.

Rajhi Invest, founded by the late Sheikh Mohamed el Rajhi, manages a diverse portfolio of investments as a family conglomerate. Its focus is on banking, industrials, hospitality and real estate. Additionally, it has expertise in establishing, operating, expanding, and optimizing prominent industries—including steel, building materials, home appliances, beverages, plastics, and packaging materials.

Mr. Mohamed A. El Samman, Group CEO at Rajhi Invest, said: “This strategic partnership with Hassana is a testimony of Rajhi-Invest capability of building successful industrial players and a decisive step towards realizing our vision for Berain.”

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