Chairman of the Board of Directors of the General Authority for Competition, Dr. Mohammed bin Sulaiman Al-Jasser presided over the 65th meeting of the Board on Wednesday
Pursuant to the mandate of the GAC with regard to the enforcement of the Competition Law; and as part of its role in protecting and encouraging fair competition and fighting monopolistic practices
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 |
|---|---|---|
|
The National Commercial Bank |
(Samba Financial Group) will merge into (The National Commercial Bank), with the result of transferring all of its assets and liabilities to (The National Commercial Bank) |
|
Caterpillar Inc. |
The acquisition by Caterpillar Inc. of Weir Group plc’s oil & gas division. |
|
Aon Public Limited Company |
The acquisition of the entire issued and to be issued share capital of Willis Towers Watson Public Limited Company by Aon Public Limited Company (“Aon”) in exchange for shares of Aon. |
|
SICO B.S.C. (c) |
Acquisition by SICO B.S.C. (c) on (72.71%) of Muscat Capital Company |
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