Hassana completed the acquisition of a 40% stake in Berain Water from Rajhi Invest.

Hassana, an investment manager of the General Organization for Social Insurance, completed the acquisition of a 40% stake in Berain Water, a company producing and bottling pure filtered water, from Rajhi Invest, an investment and industrial Saudi family office. Financial terms were not disclosed. "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." Ahmed W. Alqahtani, Hassana CIO of Regional Markets.