Compliance With The Competition Law For Commercial Entities

Saudi Competition Law

The Competition Law issued by Royal Decree No. (M/75) dated 1440/06/29H and its regulations, govern economic concentration, in addition to other directly related operations closely linked to the safety and stability of competition within the Kingdom or outside it when it adversely affects competition within the Kingdom. The Competition Law defines economic concentration as: "Any act resulting in the complete or partial transfer of ownership of assets, rights, shares, interests, or obligations from one entity to another, or the merger of two or more managements in a joint management, in accordance with the criteria and standards determined by the regulations."