In a recent announcement, the Saudi General Authority of
Competition (GAC) has relaxed its previous financial threshold
requirement to enhance the investment climate in the Kingdom of
Saudi Arabia.
Previously, GAC required notification for all new economic
concentrations if annule sales were equal or exceeded SAR200m. In
today's global economy, the financial threshold of SAR200m
(approximately US$53m), meant that a high number of economic
concentrations met the financial threshold even if only one member
of the economic concentration had low revenues as long as the other
party(ies) generated SAR200m or more in annule sales, irrespective
of actual profits.
Whilst GAC will continue to maintain the same financial
threshold, economic concentrations with SAR200m in annual global
revenues would only be required to notify GAC if:
