Hassana Investment Company has successfully completed the acquisition of a 40 percent stake in Berain Water Company (Berain) 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.
According to the reports, this strategic move strengthens Hassana’s position in the water and beverage sector, expanding its investment portfolio. Further, the transaction is expected to enhance Berain Water’s market presence, further solidifying its role in the growing water industry.
Commenting on the transaction, Ahmed W. Alqahtani, CIO of Regional Markets at Hassana, said that, “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.”
“This strategic partnership with Hassana is a testimony of Rajhi-Invest’s 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,” stated Mohamed A. El Samman, Group CEO at Rajhi Invest.
Berain Water Company
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 extensive logistics and distribution network.
The bottled water company is well-equipped to meet the growing demand for its products across Saudi Arabia, 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.
