White & Case Advised Rajhi Invest On Sale Of Stake In Berain Water Co To Hassana Investment
White & Case Advised Rajhi Invest On Sale Of Stake In Berain Water Co To Hassana Investment
It’s a high-profile deal in the Middle East consumer sector
Global law firm White & Case LLP has advised Mohammed Abdulaziz Al-Rajhi & Sons Investment Company (Rajhi Invest), a prominent Saudi family office, on the sale of a 40 percent stake in Berain Company to Hassana Investment Company (HIC).
Sami Al-Louzi, a Partner at White & Case leading the firm's deal team, stated, "White & Case advised Rajhi Invest on a transaction which is an example of the healthy deal activity in the Middle East consumer sector. It underlines the role played by our law firm as a top-tier adviser in this space.”
Berain is well-known in the bottled water sector in Saudi Arabia. It produces and bottles pure filtered water and manufactures bottles, offering its products under an established multi-brand portfolio.
Hassana Investment is the investment manager of the General Organization for Social Insurance, Saudi Arabia's social security and pension fund, with over SAR 1.2 trillion assets.
The White & Case team advising on the deal was led by Partner Sami Al-Louzi (Dubai). It included Partner Abdallah Maher (Riyadh) and Associates Hamzeh Al Rasheed (Dubai), Mayce Khayri, Khalid Al-Gublan and Abdulrahman Moumena (Riyadh).
