White & Case advises Rajhi Invest on sale of 40 percent stake in Berain Water Company to Hassana Investment Company

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 (Berain) to Hassana Investment Company (HIC).

"White & Case advised Rajhi Invest on a transaction which is an example of the healthy deal activity in the Middle East consumer sector, and underlines the role played by White & Case as a top tier adviser in this space," said White & Case partner Sami Al-Louzi, who led the Firm's deal team.

Berain is a key player in the bottled water sector in Saudi Arabia that produces and bottles pure filtered water and manufactures bottles, offering its products under an established multi-brand portfolio.

HIC is the investment manager of the General Organization for Social Insurance, Saudi Arabia's social security and pension fund, with more than SAR 1.2 trillion of assets under management.

The White & Case team which advised on the deal was led by partner Sami Al-Louzi (Dubai) and included partner Abdallah Maher (Riyadh) and associates Hamzeh Al Rasheed (Dubai), Mayce Khayri, Khalid Al-Gublan and Abdulrahman Moumena (all Riyadh).

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