Saudi GAC approved 147 economic deals and processed 299 complaints in Q1-3 2024, focusing on fair competition.
The Saudi General Authority for Competition (GAC) approved 147 economic concentration requests, mostly acquisitions, in the first three quarters of 2024. It has processed 299 complaints, initiated criminal proceedings against 24 establishments, and approved investigations into 16 of them. The GAC works to promote fair competition and combat monopolistic practices, offering programs like settlements and market studies to ensure a competitive market.
November 17, 2024
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