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ARTICLE · 21 JUNE 2022

Saudi Antitrust Authority Blocks First Vertical Transaction Under New Competition Law

Jones Day
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Recent actions by the Saudi Arabia competition authority confirm that the agency is adopting a more aggressive enforcement approach, particularly involving consumer-facing companies.

Saudi ArabiaAntitrust/Competition Law
Javade Chaudhri
Javade Chaudhri
Serge Clerckx
Serge Clerckx
Michael Maloney
Michael Maloney
Ryan Thomas
Ryan Thomas
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Recent actions by the Saudi Arabia competition authority confirm that the agency is adopting a more aggressive enforcement approach, particularly involving consumer-facing companies.

The Saudi Arabian General Authority for Competition ("GAC") recently announced that its board had blocked the Saudi stock exchange-listed National Gas and Industrialization Co. ("GASCO") from acquiring a majority stake in Saudi Arabia's Best Gas Carrier Co. ("Best Gas") from its sole shareholder. GASCO announced the proposed transaction in February 2022. GASCO is a monopoly wholesale distributor of liquid petroleum gas ("LPG") (principally butane, propane, and mixtures thereof). Best Gas purchases LPG, empty LPG cylinders, and parts from GASCO and sells filled LPG cylinders to end users.

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