Latest news with #Berain
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. (
Zawya
18-03-2025
- Business
- Zawya
Hassana Investment Company completes acquisition of 40% stake in Berain Water Company from Rajhi-Invest
Riyadh, Saudi Arabia – Hassana Investment Company (Hassana) has successfully 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. Commenting on the transaction, 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. " He added: "We are pleased to partner with Rajhi-Invest and we look forward to building a long-term partnership based on mutual benefit." 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. We are looking forward to this partnership and anticipate a powerful synergy that will drive transformative growth for Berain across the Saudi FMCG landscape." -Ends- About Hassana Investment Company: As the investment manager of the General Organization for Social Insurance (GOSI), Hassana invests on behalf of all Saudi generations for their future pensions. With over SAR 1.2 trillion (USD 320 billion) of assets under management, Hassana is entrusted with creating long-term value and delivering the best investment outcomes across assets and geographies by applying strategic vigor and leveraging its scale to fulfill its vision – today and for the future. Learn more: About Rajhi Invest: Founded by Late Sheikh Mohamed el Rajhi, Rajhi Invest is one of Saudi Arabia's leading family investment conglomerates, with a legacy spanning over 65 years and a pivotal role for its founder in establishing Rajhi Bank. The group manages a diversified portfolio of pioneering investments, with a focus on banking, industrials, hospitality, and real estate. Additionally, Rajhi Invest is recognized as one of the largest industrial groups in the Kingdom. It has a proven track record of establishing, operating, expanding, and optimizing prominent industries—including steel, building materials, home appliances, beverages, plastics, and packaging materials, contributing to growth and diversity of the Saudi Economy.
