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Hassana Investment Company

Company Summary

Description

The investment management arm of the General Organization for Social Insurance (GOSI) in Saudi Arabia

Related Entities

Recent news

  • 12/7/2021 - Saudi Aramco Signs $15.5... (subscriber access)

Company Transactions

Date: 12/7/2021
Type: Acquisition

BUYERS:
  • BlackRock
  • Hassana Investment Company
    • SELLERS:
  • Saudi Arabian Oil Co. (Saudi Aramco)
  • Aramco Gas Pipelines Company
    • DETAILS:

    COST: 15.5 $B

    NOTES:
    Saudi Aramco has signed a $15.5 billion lease and leaseback deal with BlackRock Real Assets and Hassana Investment for their gas pipeline network. The newly formed Aramco Gas Pipelines Company will lease usage rights on the gas pipelines and lease them back to Aramco for 20-years. In return for the lease, Aramco Gas Pipelines will receive a tariff for the products.
    REGIONS:
  • Middle East