SAUDI ARABIA: Hassana Investment, which invests on behalf of Saudi pension fund General Organization for Social Insurance, completed the acquisition of a 40% stake in Berain Water Company from Mohammed Abdulaziz Al-Rajhi & Sons Investment (Rajhi-Invest) – in a deal advised by Shariah compliant SNB Capital. As Berain has three factories in Riyadh and Jeddah, along with 24 storage and warehousing facilities across various cities in Saudi Arabia, it fits well within Hassana’s long-term investment strategy to acquire well-performing businesses in the consumer sector with a stable and attractive cashflow profile.
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