Hassana Investment Company has successfully finalized the acquisition of a 40% stake in Berain Water Company from Mohammed Abdulaziz Al-Rajhi & Sons Investment Company, also known as Rajhi-Invest. This significant transaction is expected to initiate a long-term partnership between the two companies, positioning Hassana to enhance its presence in the consumer sector of Saudi Arabia.

Berain Water Company is a prominent entity in the bottled water market, maintaining a diverse multi-brand portfolio. The company operates a fully integrated business model, which includes advanced manufacturing capabilities, efficient procurement processes, and a comprehensive logistics and distribution network. Berain boasts three modern factories located in Riyadh and Jeddah, supported by 24 storage and warehousing facilities across several cities in Saudi Arabia, enabling it to effectively meet the increasing demand for its products.

Mr. Ahmed W. Alqahtani, Chief Investment Officer of Regional Markets at Hassana, remarked that this transaction aligns with Hassana’s long-term investment strategy aimed at acquiring well-performing businesses within the consumer sector. He noted that these businesses typically exhibit stable and appealing cash flow profiles, backed by strong market fundamentals. Alqahtani expressed enthusiasm about the partnership with Rajhi-Invest and highlighted the intention to cultivate a mutually beneficial relationship.

Mr. Mohamed A. El Samman, Group CEO of Rajhi Invest, described the strategic partnership with Hassana as a testament to Rajhi-Invest’s ability to develop successful industrial players. He regarded this step as crucial in achieving their vision for Berain and anticipated that the collaboration would create a powerful synergy, driving transformative growth within Saudi Arabia’s fast-moving consumer goods (FMCG) landscape.

Hassana Investment Company serves as the investment manager for the General Organization for Social Insurance (GOSI) and is responsible for managing over SAR 1.2 trillion (USD 320 billion) in assets. Its focus lies in generating long-term value for future pensions of Saudi generations by leveraging strategic investments across various assets and geographies.

Rajhi Invest, founded by the late Sheikh Mohamed Al Rajhi, is among Saudi Arabia’s leading family investment groups. With a legacy extending over 65 years, it plays a vital role in the Kingdom’s economic landscape, managing a diverse portfolio that spans banking, industrials, hospitality, and real estate, while also being recognized as one of the largest industrial groups in the country.