Hassana Investment Company (Hassana), the investment manager of the Saudi General Organisation for Social Insurance (GOSI), said it successfully completed the acquisition of a 40 per cent stake in Berain Water Company (Berain), a leading bottled water company in Saudi Arabia.
Hassana acquired the stake in Berain from Mohammed Abdulaziz Al-Rajhi & Sons Investment Company (Rajhi-Invest), one of Saudi Arabia’s leading family investment conglomerates.
Hassana and Rajhi-Invest join forces
The strategic transaction marks the beginning of a long-term partnership between Rajhi-Invest and Hassana.
Berain is a key player in the bottled water sector in Saudi Arabia, offering its products under a well-established multi-brand portfolio.
Ahmed W. Alqahtani, CIO of Regional Markets at Hassana, said the stake acquisition is in line with the company’s long-term investment strategy to acquire well-performing businesses in the consumer sector with a stable and attractive cash flow profile underpinned by strong market fundamentals.”
“We are [also] pleased to partner with Rajhi-Invest and we look forward to building a long-term partnership based on mutual benefit,” he said.
Mohamed A. El Samman, Group CEO at Rajhi Invest, said the strategic partnership with Hassana is a testimony of Rajhi-Invest capability of building successful industrial players and a decisive step towards realising its vision for Berain.
“We anticipate a powerful synergy that will drive transformative growth for Berain across the Saudi FMCG landscape,” he said.
Berain has a fully integrated business model, strategically positioned to leverage its robust manufacturing capabilities, efficient procurement processes, and extensive logistics and distribution network.
With three state-of-the-art factories located in Riyadh and Jeddah, along with 24 storage and warehousing facilities across various cities in Saudi Arabia, Berain is well-equipped to meet the growing demand for its products across Saudi Arabia.
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