Latest news with #Hassana
Zawya
14-05-2025
- Business
- Zawya
Hassana Investment Company and Franklin Templeton sign MoU for Saudi private credit partnership
Riyadh, Saudi Arabia - Hassana Investment Company (Hassana) and Franklin Templeton Financial Company (Franklin Templeton) have signed a Memorandum of Understanding (MoU) valued at USD 150 million to explore a strategic partnership related to investments in Saudi private credit opportunities. The partnership reflects a shared vision to mobilize institutional capital into the Saudi private sector and to strengthen access to alternative financing for high-growth companies across the Kingdom. The MoU was signed by Ms. Hessa Alsheikh, Head of International Public Markets and Private Credit at Hassana Investment Company and Ms Muneera H. Al Dossary, Chief Executive Officer, Franklin Templeton Saudi Arabia in the presence of Mr. Saad AlFadly, CEO and Board Member of Hassana Investment Company and Ms Jenny Johnson, President and CEO of Franklin Templeton and Sandeep Singh, Head of CEEMEA and India at Franklin Templeton. A key benefit of private credit strategies is that they support and expand the access to capital for mid-sized companies, which account for almost 50% of employment across Saudi Arabia but receive less than 10% of total bank lending. 'Our longstanding partnership with Franklin Templeton encompasses both international and local markets. As one of the early entrants into the region's fixed income space, Franklin Templeton has played a meaningful role in its development. We look forward to exploring opportunities in Saudi private credit, with the aim of broadening financing solutions for underserved segments of the market,' said Hani Aljehani, Chief Investment Officer - International Markets at Hassana. 'This strategic partnership is a testament to our continued commitment to the Saudi market. The MoU marks an important step in further strengthening the relationship between Hassana and Franklin Templeton, as both firms seek to collaborate on investment opportunities in the Kingdom, with a focus on supporting the growth of private sector enterprises, advancing economic diversification and contributing to the objectives of Vision 2030,' said Jenny Johnson, President and CEO of Franklin Templeton. Hassana is one of the region's most active institutional investors, with over SAR 1.2 trillion (USD 320 billion) of assets under management. Hassana is committed to creating long-term value and delivering the best investment outcomes across assets and geographies by applying strategic vigor and leveraging its scale to fulfil its vision – today and for the future. Based in San Mateo, California, Franklin Templeton, a major global asset manager, has a 25-year presence in the Middle East. The firm further solidified its commitment to Saudi Arabia with the opening of its Riyadh office in March 2024. Renowned for its pioneering approach to emerging market investments, Franklin Templeton now offers a suite of investment and research services from its Riyadh location. These include MENA Fixed Income and Global Sukuk, Saudi Fixed Income, Frontier and MENA Equities, and GCC Private Credit. 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 Franklin Templeton: Franklin Resources, Inc. [NYSE:BEN] is a global investment management organisation with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton's mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialisation on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and approximately $1.53 trillion in assets under management as of 30 April 2025. Franklin Templeton Financial Company ('FTFC') is a single-shareholder closed joint stock company with unified registration number 7036955537 and a paid up capital of SAR 30 million. FTFC holds license number 23265-22 issued by the Saudi Arabian Capital Market Authority which authorizes it to carry out the activities of 'Managing Investments and Operating Funds' and 'Advising' in securities. Contacts: Sarah Aziz Corporate Communications Franklin Templeton The Gate, East wing, Level 2 Dubai Financial Centre Dubai UAE Tel: 0097156 1749957 Email:
Gulf Business
13-05-2025
- Business
- Gulf Business
Hassana, Franklin Templeton ink $150m MoU to boost Saudi private credit market
Imagr: Getty Images Hassana Investment Company and Franklin Templeton have signed a $150m memorandum of understanding (MoU) to explore a strategic partnership targeting Saudi Arabia's private credit market, as the kingdom pushes to diversify financing options and channel institutional capital into high-growth businesses. The agreement aims to expand access to alternative financing, particularly for mid-sized companies, which make up nearly half of Saudi Arabia's employment but account for less than 10 per cent of total bank lending. 'This strategic partnership is a testament to our continued commitment to the Saudi market,' Jenny Johnson, president and CEO of Franklin Templeton said. 'As both firms seek to collaborate on investment opportunities in the kingdom, our goal is to support private sector growth, drive economic diversification, and contribute to Vision 2030.' Hassana, Franklin Templeton deal builds on partnership Hassana, which manages more than SAR1.2tn ($320bn in assets, is one of the region's largest institutional firm plays a key role in deploying capital across asset classes and geographies in support of Saudi Arabia's long-term development goals. The asset manager opened a new office in Riyadh in March 2024 and now offers a range of services including MENA fixed income, global sukuk, Saudi fixed income, and GCC private cedit strategies from the kingdom.
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 plays advisor to Rajhi Invest on Berain stake deal
Saudi Arabia - SNB Capital, a leading regional financial institution, said it had 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 to 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. 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'. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
