Latest news with #Berain
Yahoo
16-07-2025
- Business
- Yahoo
HELOC rates stay flat, while home equity loan rates rise a bit
High summer's heat may be making home equity rates sleepy. The average rate on a $30,000 home equity line of credit (HELOC) was unchanged at 8.27 percent for the fifth straight week, according to Bankrate's national survey of lenders. The average rate on the $30,000 home equity loan barely stirred, moving two basis points up to 8.28 percent. Shop Top Mortgage Rates Personalized rates in minutes Your Path to Homeownership A quicker path to financial freedom Since June of this year, average rates of HELOCs and home equity loans have been hovering in the same range — and are almost identical. So, how can homeowners decide which home equity product is the best option for them? It depends partly on the reason for borrowing. 'Homeowners with substantial equity who know exactly how much they need to borrow are ideal candidates for home equity loans. These loans are best for one-time, large-scale expenses like a full kitchen remodel,' says Eduardo Berain, executive vice president of banking, investments and insurance at Frost Bank, a Texas-based lender. In contrast, HELOCs work well if the exact sum needed is uncertain or if costs will be ongoing for several years. But the borrower's personal finances can be significant too. 'Home equity loans are good options for homeowners with consistent cash flow,' Berain continues. 'If a homeowner is expecting a financial windfall soon — for example, a bonus — a HELOC may be a better option.' Current 4 weeks ago One year ago 52-week average 52-week low HELOC 8.27% 8.27% 9.18% 8.53% 7.90% 5-year home equity loan 8.28% 8.25% 8.60% 8.40% 8.23% 10-year home equity loan 8.43% 8.40% 8.74% 8.53% 8.38% 15-year home equity loan 8.37% 8.33% 8.72% 8.47% 8.32% What's driving home equity rates today? Rates on HELOCs and home equity loans are being driven primarily by two factors: lender competition for new customers and the Federal Reserve's actions. The Fed's monetary-policy moves especially impact the cost of variable-rate products like HELOCs. Both HELOCs and home equity loans have declined substantially from the highs they hit at the beginning of 2024, although they have moved off this year's lows. Bankrate Financial Analyst Stephen Kates forecasts HELOC and home equity loan rates to remain close to their current levels through the end of 2025, with HELOCs averaging 8 percent and home equity loans 8.10 percent. Much may depend on when — or even if — the Fed begins cutting benchmark interest rates again. Learn more: How the Federal Reserve affects HELOCs and home equity loans Unlock your home's value Achieve your financial goals with predictable payments on a lump-sum home equity loan. Explore offers Current home equity rates vs. rates on other types of credit Because HELOCs and home equity loans use your home as collateral, their rates tend to be much less expensive — more akin to current mortgage rates — than the interest charged on credit cards or personal loans, which aren't secured. Credit type Average rate HELOC 8.27% Home equity loan 8.28% Credit card 20.13% Personal loan 12.64% Of course, the individualized offer you receive on a particular HELOC or new home equity loan reflects additional factors like your creditworthiness and financials. Then there's the value of your home and your ownership stake. Lenders generally limit all your home-based loans (including your mortgage) to a maximum 80 to 85 percent of your home's worth. Even if you are able to secure a favorable rate from a lender, home equity products are relatively high-cost debt, notes Bankrate Chief Financial Analyst Greg McBride. 'Many homeowners are sitting on a mountain of home equity, but borrowing against it is still costly, with the average rate still over 8 percent and many lenders charging double-digit interest rates,' he says. 'This is not the low-cost form of borrowing that homeowners had become accustomed to for many years. 'Today's rates are nothing to get excited about,' he adds. So if you must borrow, have a game plan for paying it back.' Home equity trends Real estate is Americans' second-most popular long-term investment, according to Bankrate's 2025 Long-Term Investment Survey. Home equity loan originations jumped 13% year-over-year – outpacing those of HELOCs, which rose 8%, according to TransUnion's latest 'Mortgage Credit Industry Insights Report.' As of March 2025, outstanding total HELOC balances were $381.3 billion, a 9.7% gain from the same time last year, according to Equifax. Homeowner equity averaged about $400,000 per household in the fourth quarter of 2024, according to the Joint Center for Housing Studies of Harvard University. The average mortgage-holding homeowner has an equity stake worth $212,000, according to Intercontinental Exchange Inc. (ICE). Methodology The national survey of large lenders is conducted weekly. To conduct the National Average survey, Bankrate obtains rate information from the 10 largest banks and thrifts in 10 large U.S. markets. In the national survey, our Market Analysis team gathers rates and/or yields on banking deposits, loans and mortgages. We've conducted this survey in the same manner for more than 30 years, and because it's consistently done the way it is, it gives an accurate national apples-to-apples comparison. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Arabian Business
31-03-2025
- Business
- Arabian Business
Hassana acquires 40% stake in Saudi bottled water giant Berain
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.
Yahoo
25-03-2025
- Business
- Yahoo
Saudi water business Berain gets new investor
Saudi Arabian bottled-water business Berain Water has a new investor. Hassana Investment Company has acquired a 40% stake in Berain from local investment group Mohammed Abdulaziz Al-Rajhi & Sons Investment Company, also known as Rajhi-Invest. Financial terms were not disclosed. Hassana Investment Company is the investment manager of Saudi Arabia's General Organization for Social Insurance, the government agency concerned with social insurance in the country. According to a statement hosted on regional business news service Zawya, Berain has three factories located in Jeddah and Riyadh, the Saudi Arabian capital. Berain sells packaged-water products in a range of sizes. In the statement, Ahmed W. Alqahtani, the CIO of regional markets at Hassana, was quoted as saying: '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. We are pleased to partner with Rajhi Invest and we look forward to building a long-term partnership based on mutual benefit.' Rajhi Invest group CEO Mohamed A. El Samman said the 'strategic partnership' with Hassana was 'a decisive step towards realising our vision for Berain'. He added: 'We are looking forward to this partnership and anticipate a powerful synergy that will drive transformative growth for Berain across the Saudi FMCG landscape.' SNB Capital advised Rajhi Invest on the deal. Zaid Ghoul, MD and head of investment banking at SNB Capital, confirmed the deal via a post on LinstkedIn. Linklaters worked with Hassana Investment Company on the transaction. In a statement, Linklaters said the deal 'marks the beginning of a long-term partnership between Rajhi-Invest and Hassana'. According to GlobalData, Just Drinks' parent, the size of Saudi Arabia's packaged water market in volume terms was 3.88bn litres last year. The data and analytics group forecasts growth of 3.9% this year to 4.03bn litres. "Saudi water business Berain gets new investor" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Zawya
24-03-2025
- Business
- Zawya
SNB Capital advises Rajhi Invest on the divestment of 40% stake in Berain Water Company
RIYADH, Saudi Arabia: SNB Capital acted as the sole financial advisor of Mohammed Abdulaziz Al-Rajhi & Sons Investment Company ('Rajhi Invest') on the divestment of its 40% minority interest in Berain Water Company ('Berain'), to Hassana Investment Company ('Hassana') the investment manager of Saudi Arabia's General Organization for Social Insurance ('GOSI'). Berain is a key player in the bottled water sector in Saudi Arabia, offering its products under a well-established multi-brand portfolio. The company has a fully integrated business model, strategically positioned to leverage its robust manufacturing capabilities, efficient procurement processes, and an extensive logistics and distribution network. Within 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 the Kingdom. Commenting on the transaction, Zaid Ghoul, Managing Director and Head of Investment Banking at SNB Capital said 'The transaction comes as the Saudi consumer sector continues to present excellent growth opportunities driven by strong demographics and supplemented by significant and growing tourism inflows. Additionally, the bottled water industry benefits from increasing health awareness on the back of Vision 2030 initiatives to reduce consumption of sugary beverages and continuous investments in health infrastructure including fitness and recreational facilities. The transaction aligns Hassana's long term investment strategy in the consumer sector with Rajhi Invest's track record of building successful industrial players, and is an excellent partnership platform between the stakeholders'. SNB Capital continues to play a leading role offering strategic support and financial expertise in mergers and acquisitions, in addition to its visible role in equity and debt capital market, corporate finance and debt advisory. SNB Capital remains committed to helping companies expand and achieve their ambitions. About SNB Capital: SNB Capital Company, a licensed entity by Capital Market Authority (CMA), is a leading regional financial institution with deep industry expertise across five business lines: Asset Management, Wealth Management, Securities, Investment Banking, and Principal Investments. SNB Capital is the top ranked broker in terms of market share on the Saudi Exchange as of December 2024, and the largest asset manager in Saudi Arabia with SAR 239 billion (USD 63.73 billion) of assets under management as of March 2024. Further information is available at Follow SNB Capital on X @Capital_SNB. For media or general inquiries contact: snbccom@
Zawya
18-03-2025
- Business
- Zawya
Saudi's Hassana acquires 40% stake in Berain Water Company
Saudi Arabia - Hassana Investment Company has completed the acquisition of a 40% stake in Berain Water Company (Berain), a leading bottled water company in Saudi Arabia, from Mohammed Abdulaziz Al-Rajhi & Sons Investment Company (Rajhi-Invest). 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. The company has a fully integrated business model, strategically positioned to leverage its robust manufacturing capabilities, efficient procurement processes, and an 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. 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." He added: "We are pleased to partner with Rajhi-Invest and we look forward to building a long-term partnership based on mutual benefit." 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. We are looking forward to this partnership and anticipate a powerful synergy that will drive transformative growth for Berain across the Saudi FMCG landscape." - TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
