Saudi-based food and beverage giant Almarai Co. has announced its acquisition of Pure Beverages Industry Co. in a deal valued at SAR 1.04 billion (USD 277 million).
The acquisition gives Almarai 100% ownership of the premium bottled water producer, deepening its presence in the Kingdom’s fast-growing non-dairy beverage segment.
Pure Beverages, established in 1979 by Aljan & Bros, operates some of Saudi Arabia’s most advanced water bottling facilities. It owns premium brands Ival and Oska, and maintains a strong reputation for adhering to global quality standards and sustainable production practices.
The company, best known for its dairy dominance, has increasingly diversified into juices, poultry, baked goods, and infant formula.
This acquisition marks a calculated move to enhance its non-dairy beverage offerings, positioning the group to tap into Saudi consumers’ rising demand for high-quality bottled water.
Almarai: Self-Funded and Locally Focused
The SAR 1.04 billion acquisition will be fully funded through Almarai’s internal cash reserves, underscoring the company’s strong liquidity position.
While the transaction is still subject to contractual conditions and regulatory approval, the company has expressed confidence in the deal’s strategic fit and long-term value for shareholders.
The move comes just months after a failed attempt by a subsidiary to acquire Hammoudeh Food Industries for SAR 263 million, a deal that fell through when the seller couldn’t meet the necessary conditions.
This latest acquisition signals a renewed push by Almarai to close impactful deals that align with its domestic manufacturing and growth priorities.
