Riyadh - Sharikat Mubasher: Hassana Investment Company (Hassana) successfully completed the acquisition of a 40% stake in Berain Water Company (Berain) from Mohammed Abdulaziz Al-Rajhi & Sons Investment Company (Rajhi-Invest).

This strategic acquisition marks the beginning of a long-term partnership between Hassana and Rajhi-Invest, a recent statement revealed.

Berain, a leading bottled water company in Saudi Arabia, offers its products under a well-established multi-brand portfolio. It has a fully integrated business model, strategically positioned to leverage its robust manufacturing capabilities, efficient procurement processes, and extensive logistics and distribution network.

Ahmed Alqahtani, CIO of Regional Markets at Hassana, stated that the transaction aligns with the company’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,” Alqahtani added.

For his part, Mohamed El Samman, Group CEO at Rajhi Invest, commented: "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."

Berain 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 the Kingdom.