Ensuring Fair Competition: Key Takeaways From The Recent KSA Antitrust Penalties

The General Authority for Competition ("GAC") in Saudi Arabia recently announced fines totaling SR14.89 million against six companies and establishments operating in the car and goods transport sector. These penalties were imposed for violations of the Competition Law, following an agreement among the companies to increase charges for vehicle transportation, according to a statement released on 5 June 2024.

The fines were distributed as follows:

• SR5 million on MB International Company

• SR5 million on RT Company for Transporting Goods

• 9 million on N.B.A. Corporation

• 5 million on A.A.A.H. Company and T. Transportation Company

• SR790,000 on K.S. Company