Region: Saudi Arabia

Saudi Arabia fines furniture cartel

Saudi Arabia’s General Authority for Competition has fined four home and office furniture retailers a total of €2.3 million for bid rigging, although observers claim the case raises evidentiary issues.

11 August 2021

Change in leadership signals new era for Saudi enforcer

King Salman Bin Abdulaziz of Saudi Arabia has appointed former royal court advisor Ahmed bin Abdulkarim Al Khulaifi to head the country’s competition agency, a move that lawyers have said is key to reforming Saudi Arabia’s economy.

09 August 2021

Saudi Arabia conditionally clears Uber/Careem

Saudi Arabia’s competition authority has approved Uber’s $3.1 billion acquisition of Middle Eastern ride-hailing app Careem, subject to behavioural commitments.

22 November 2019

Saudi Arabia revokes licence and fines beIN

A Saudi specialist competition committee has fined beIN sports €2.3 million and indefinitely revoked the Qatar-based broadcaster’s licence, for abusing its dominant position by illegally tying the UEFA Euro 2016 football tournament to its other services.

21 August 2018

Reshuffle of Saudi antitrust enforcer could spell greater independence

The Saudi Arabian cabinet’s decision to restructure the country’s competition authority could make the enforcer more independent, lawyers in the region say.

19 October 2017

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