GAC would like to state that, following conducting a comprehensive review, it issued a No Objection Certificate with respect to the completion of the acquisition by Uber Technologies Inc. of Careem Inc.. However, GAC imposed specific requirements and obligations on the new entity resulting from the acquisition
Chairman of the Board of Directors of the General Authority for Competition, Dr. Mohammed bin Sulaiman Al-Jasser presided over the 60th meeting of the Board on Wednesday 9/3/1441H corresponding to 6/11/2019. The meeting was attended by HE Dr. Abdulaziz bin Abdullah Al-Zoom, Governor of the General Authority for Competition, and the Board members.
A complaint is an expression of dissatisfaction submitted to GAC by any natural or legal person against a firm violating the provisions of the Competition Law. The Law has guaranteed for each person, whether an individual or a firm, the right to file a complaint with GAC relating to any violation of the Law of Competition and its Implementing Regulations through an online application on t GAC's official website. Any complaint submitted to GAC must be in writing and must indicate the details of the complainant and include sufficient information for conducting a preliminary assessment.
More| Complaints or Initiatives | Decision |
|---|---|
The Ministry of Health complaint against companies that produce medical gases. |
5 resolutions have been made, and the companies filed an appeal before the Board of Grievances. |
A complaint against a number of restaurants for making an agreement to raise fast food prices. |
Closed (a resolution has been made). |
The Board’s initiative concerning cement companies in the Kingdom. |
Dismissed (initiative terminated). |
The Board’s initiative concerning increasing prices of fresh milk and dairy products and their derivatives. |
Dismissed (initiative terminated due to lack of evidence). |
| Company |
|---|
Omar Kassem Alesayi & Co. for Marketing Ltd. |
Al Jomaih Bottling Company |
Beverage Services Inc. |
Beverage Services Inc. |
The Competition Law issued by the Royal Decree No. (M/25), dated 04/05/1425H and its Executive Regulations issued by decree No. 126 on 04/09/1435H gave the Council the power of exempting from applying the Law to the firms working in the Saudi Market as follows:
More| Logo | applicant | Description |
|---|---|---|
|
Coca-Cola Bottling Company of Saudi Arabia (CCBCSA) |
Determining the price of some company products at one Saudi Riyal per each and printing the same on bottles and offering it as a promotional edition for an indefinite period; it shall be the same sale price given to consumers. |
|
Coca-Cola Bottling Company of Saudi Arabia (CCBCSA) |
Determining the price of company products and printing the same on bottles and offering it as a promotional edition - the sale price for the consumer is one Saudi Riyal per a 185 ml bottle. |
Exemption applicant shall fill in the Exception form on the website The Council shall issue reasoned resolution by approving the exemption application, its duration and conditions or rejecting it, within ninety days from the date of delivering the application, if the period elapsed without issuance of a resolution of the Council, it shall be considered as rejecting the application.
MoreOut of its belief in the effective role of a free economic model in achieving economic and social growth, KSA is keen on developing an economic policy aiming to ensure real competition within the economy, in order to push companies to improve themselves to be able to perform their essential role in achieving development. Accordingly, since adoption of free competition without controls leads to adverse results, especially that practices prove that traders frequently resort to illegal means to compete with their market competitors or to carry out methods aiming to introduce or prevent competition. Therefore, the Kingdom had to intervene to regulate competition by determining its controls.
More| Logo | applicant | application Date | Description of Economic Eoncentration operation |
|---|
In preservation of the natural course of the competitive national market, the Law granted General Authority for Competition the right to monitor the economic concentration process, and in achievement of such purpose, the Law committed the firm with prior notification to the General Secretariat of the General Authority for Competition regarding each process related to economic concentration
More| Logo | Applicant | Decision Summary |
|---|---|---|
|
National Agricultural Development Company (NADEC) |
No objection to the finalization of the economic concentration transaction through the acquisition of Al Safi Danone Limited (Al Safi Danone) by the National Agricultural Development Company (NADEC) |
|
Al Hammadi Company for Development and Investment |
No objection to the finalization of the economic concentration between the National Medical Care Company and Al Hammadi Company for Development and Investment |
|
Sun Chemical SA (represented by Alnowaiser Law Firm) |
Approval of Chemical SAU's acquisition of 51% of Inks Products Co. Ltd. |
|
General Electric Company (represented by Abuhimed Alsheikh Alhagbani Law Firm (AS&H)) |
Approval of the finalization of the economic concentration between Baker Hughes and General Electric's oil and gas business in a newly formed company (New Co.). |
| Logo | Applicant | Description Request |
|---|---|---|
|
Al-Tayyar Rent A Car Company |
economic concentration transaction between Al-Tayyar Rent A Car Company and the Saudi United Company for Transport |
|
Abdelaziz Saleh Al-Haqabani Sons Co. for Real-Estate Development and Investment |
economic concentration transaction between Abdelaziz Saleh Al-Haqabani Sons Co. for Real-Estate Development and Investment & the International Company for Hotels |
|
Mamlakat Al-Amjad Company |
economic concentration transaction between Mamlakat Al-Amjad Company & Al-Amjad Company for Pharmacies |
|
Al-Latifiya Factory for Production of Plastic Nets |
economic concentration transaction between Al-Latifiya Factory for Production of Plastic Nets & Net Technology Company for Engineering Uses |
General Authority for Competition. All rights reserved © 2019
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