Rajhi Invest Sells 40% Stake in Berain Water Company
Deal News | Mar 27, 2025 | White & Case
Global law firm White & Case LLP has provided legal advisory services to Mohammed Abdulaziz Al-Rajhi & Sons Investment Company, known as Rajhi Invest, in their transaction involving the sale of a 40% stake in Berain Water Company to Hassana Investment Company (HIC). Berain Water Company is a key player in the Saudi Arabian bottled water market. HIC manages over SAR 1.2 trillion in assets as the investment arm of the Saudi Arabian social security and pension fund. This deal signifies active engagement within the Middle Eastern consumer sector, highlighting the vital role White & Case plays in such transactions, with partners and associates from offices in Dubai and Riyadh contributing expertise.
Sectors
- Consumer Goods
- Legal Advisory
- Investment Management
Geography
- Saudi Arabia – The transaction took place in Saudi Arabia, involving a prominent family investment company and the national pension fund's investment arm.
- Middle East – The deal highlights active investment and corporate transactions in the broader Middle East region.
Industry
- Consumer Goods – Berain Water operates within the bottled water sector, a segment of the consumer goods industry focusing on consumables.
- Legal Advisory – White & Case LLP provided legal services, signifying involvement from the legal advisory sector in corporate transactions.
- Investment Management – Hassana Investment Company is in the investment management sector, overseeing assets for Saudi Arabia's social security fund.
Financials
- SAR 1.2 trillion – HIC's assets under management, indicating the scale of their resources and investment capacity.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mohammed Abdulaziz Al-Rajhi & Sons Investment Company | Selling Company | Company | A Saudi family office involved in various investment activities. |
| Berain Water Company | Target Company | Company | A leading bottled water company in Saudi Arabia, offering products under a multi-brand portfolio. |
| Hassana Investment Company | Bidding Company | Company | Investment manager for Saudi Arabia's General Organization for Social Insurance, handling significant assets. |
| White & Case LLP | Legal Advisor | Company | A global law firm advising on the transaction between Rajhi Invest and HIC. |