Abdulatif Alissa Group acquires stake in Tania

Updated 05 April 2014
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Abdulatif Alissa Group acquires stake in Tania

Abdulatif Alissa Group Holding Company has announced that it concluded an agreement making it a 35 percent shareholder in Tania Bottled Water Company, one of the leaders in the bottled water industry in Saudi Arabia.
The agreement was signed by Abdulmohsin Abdulatif Alissa, chairman of Abdulatif Alissa Group Holding Company and Shuwaimi bin Ajyan Al-Kattab, CEO of Tania Bottled Water Company Ltd. The event was attended by senior executives from Abdulatif Alissa Group Holding Company, Tania and Wasatah Capital, the financial adviser for Abdulatif Alissa Group in the transaction.
The company chairman indicated that this deal falls in line with the group’s strategy to invest in companies with a strong competitive edge and high potential for growth in key economic sectors in the Kingdom, such as the food and beverage sector “where Tania is considered a pioneer, and this partnership will be an important step to achieve our group objectives in growth and development.”
Al-Kattab confirmed that Tania’s prominent position in manufacturing and distribution of bottled water, and Abdulatif Alissa Group’s investing heritage and expertise in managerial, financial and corporate governance best practices, were the driving forces behind creating a compatible vision for consummating this partnership, which will in turn reflect positively on Tania’s business development and the bottled water industry in the Kingdom.
He added: “We consider this strategic partnership with Abdulatif Alissa Group Holding Company an opportunity to cooperate and exchange experiences and to open doors for us to invest into new industrial opportunities. We ask Allah to bless this new partnership to benefit the people and the nation and become a support for food security in the Kingdom.”
Abdulatif Alissa Group CEO Nasser Al-Qahtani stated that Tania has a highly qualified management team that was successful in building and expanding its business in a very short time, and today it’s considered a leader in its field. He explained that this partnership will reinforce our presence in the private equity asset class in the Kingdom through investing in promising sectors such as the food and beverage sector, especially bottled water industry which will witness significant growth during the next few years, due to population growth, and demographic and lifestyle changes such as the increasing health awareness within the community.
He added: “Alissa Group, through the board of directors of Tania and in cooperation with its executive management, aims to implement the highest standards of corporate governance in the company and develop its business, utilizing the financial and managerial expertise of the group. We are looking for more cooperation with our partners in Tania to develop its future strategic plans.


Russia’s RDIF to boost investment deals in Saudi Arabia

Updated 17 January 2019
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Russia’s RDIF to boost investment deals in Saudi Arabia

  • Fund's CEO Kirill Dmitriev leads a delegation of more than 20 Russian business figures to the Kingdom
  • The delegation discussed projects in oil refining, petrochemical, gas chemical and oilfield services

RIYADH: Russian sovereign wealth fund RDIF said on Wednesday it would significantly boost its investments deals with Saudi Arabia in 2019.

The fund’s CEO Kirill Dmitriev led a delegation of more than 20 Russian business figures to the Kingdom to discuss new projects.

Saudi Energy Minister Khalid Al-Falih met Dmitriev in Riyadh and expressed his happiness on the progress they made in the talks and the cooperation between the two countries. 

“Its not only commercial cooperation, but we are also working on scientific research, and we have opened a research center in Moscow University,” Al-Falih said.

The minister said the Russian delegation will also meet officials from Saudi Basic Industries Corporation SABIC and mining company Ma’aden among other companies during their three day visit to the Kingdom.

The delegation discussed projects in oil refining, petrochemical, gas chemical and oilfield services sectors, a Russian Direct Investment Fund statement said.

Al-Falih added that the Russian side has started a rubber plant project in Al-Jubail with Total and Novomet.

RDIF already has a $10 billion investment partnership with the Saudi Public Investment Fun (PIF), with more than $2 billion already invested in projects.

“We extend our cooperation not only on oil cuts but to cooperate in oil services, technology, LG and petrochemicals,” Dmitriev said. “We believe Saudi Aramco can be one of the greatest partners of Russia.”

The CEO said they were continuing to cooperate with PIF in Saudi Arabia through a number of energy investments.

Russian companies are also keen to invest in the Kingdom’s planned $500 billion mega-city NEOM.

“We have companies that have interest to invest in NEOM, we would like to build a port in NEOM, it can be a big port,” Dmitriev said.