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Saudi Arabia: General Authority for Competition investigaton into Panda Retail Company and Atabet Elbab for non-compliance with the notification requirements for mergers

Progress

Current status
in force
25 Feb 2024 in force

Scope

Implementers
Saudi Arabia
Policy Area
Competition
Policy Instrument
Merger control regulation
Regulated Economic Activity
platform intermediary: e-commerce
Government Branch
executive
Government Body
competition authority
Implementation Level
national

Timeline of events

25 Feb 2024
in force

Issued fines in investigaton into Panda Retail Company and Atabet Elbab for non-compliance with the notification requirements for mergers

On 25 February 2024, the General Authority for Competition (GAC) imposed penalties on Panda Retail Company and Atabet Elbab for Telecommunications and IT for contravening the Competition Law by concluding an economic concentration transaction withou…

Source
Event type investigation
Action type ruling
Government branch executive
Government body competition authority

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