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ARTICLE · 16 AUGUST 2024

Saudi General Authority For Competition Announces Significant Merger Guideline Updates

On July 1, 2024, the Saudi General Authority for Competition (GAC) announced key amendments to its merger guidelines. These updates introduce several significant changes...

Saudi ArabiaAntitrust/Competition Law

On July 1, 2024, the Saudi General Authority for Competition (GAC) announced key amendments to its merger guidelines. These updates introduce several significant changes, including adjustments to notification thresholds, the validity period for clearance decisions, exemptions for certain joint ventures, and clarifications regarding the criteria for a change of control.

Notification Thresholds

A major critique of Saudi Arabia's merger control system was that the notification thresholds could be met solely by the acquirer's turnover, without considering the target's local impact. The new amendments address this issue in part. Under the existing regime, notification of a transaction is required if:

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