Hassana Acquires 40% Stake in Berain Water from Rajhi-Invest
Deal News | Mar 18, 2025 | Zawya
Hassana Investment Company has completed the acquisition of a 40% stake in Berain Water Company from Mohammed Abdulaziz Al-Rajhi & Sons Investment Company (Rajhi-Invest). The acquisition positions Hassana as a significant player in the Saudi bottled water market and marks the beginning of a long-term partnership with Rajhi-Invest. Berain is a leading bottled water company in Saudi Arabia, bolstered by its integrated business model, manufacturing capabilities, and logistics infrastructure. The firm operates from factories and warehousing facilities strategically located around the country, enabling it to meet the high demand for bottled water. Hassana’s CIO, Ahmed W. Alqahtani, emphasized that this acquisition aligns with the company’s strategy to invest in consumer businesses with stable cash flows. Meanwhile, Rajhi Invest's CEO, Mohamed A. El Samman, expressed enthusiasm about the partnership, highlighting its potential to drive growth for Berain. Hassana manages over SAR 1.2 trillion in assets, underlining its capability as a strategic investor. Rajhi Invest is a major player in Saudi Arabia’s industrial sector, with a diverse investment portfolio.
Sectors
- Food and Beverage
- Investment Management
- Industrial Conglomerates
Geography
- Saudi Arabia – Both Hassana Investment Company and Berain Water Company are based in Saudi Arabia, indicating the country's relevance as the central geography in this transaction.
Industry
- Food and Beverage – Berain Water Company is a leading player in the bottled water sector, a subsector of the broader food and beverage industry.
- Investment Management – Hassana Investment Company is engaged in managing investments on behalf of the General Organization for Social Insurance, showcasing their role within the investment management industry.
- Industrial Conglomerates – Rajhi Invest is described as a leading family investment conglomerate in Saudi Arabia, with diverse investments spanning various industrial sectors.
Financials
- SAR 1.2 trillion – Total assets under management by Hassana Investment Company.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Hassana Investment Company | Buyer | Company | Investment manager of the General Organization for Social Insurance, with assets under management exceeding SAR 1.2 trillion. |
| Berain Water Company | Target Company | Company | A leading bottled water company in Saudi Arabia with an integrated business model and extensive logistics network. |
| Mohammed Abdulaziz Al-Rajhi & Sons Investment Company (Rajhi-Invest) | Seller | Company | A prominent family investment conglomerate in Saudi Arabia involved in diverse sectors including industrials and real estate. |
| Ahmed W. Alqahtani | CIO of Regional Markets at Hassana | Person | Chief Investment Officer of Regional Markets overseeing strategic acquisitions and investments for Hassana. |
| Mohamed A. El Samman | Group CEO at Rajhi Invest | Person | Chief Executive Officer overseeing the strategic vision and growth initiatives at Rajhi Invest. |