GAC approves For AlHilal Trading’s acquisition of Etihadat Abyan’s assets

Logo of Al Hilal Club Investment Co.

The General Authority for Competition (GAC) gave the go-ahead today, Oct. 6, for the acquisition of the assets of Etihadat Abyan Company Ltd. by For AlHilal Trading Co., a subsidiary of Al Hilal Club Investment Co.

The acquisition will include the S, S Team and Mawj Al Hilal brands and the related four stores.

GAC acknowledged that the deal would entail no negative impact on competition in Saudi Arabia, based on the deal commodity arbitrage and geographic scope as there is an abundant number of sports players across the world. It also added that the sportswear market has lots of options and consumer alternatives.

GAC's spokesperson Saad Al Masoud indicated that the deal is the second of its kind after the establishment of a new joint venture (JV) between Jahez International Company for Information Systems Technology (Jahez) and Al Hilal Club Investment Co. to sell sportswear.

GAC approved, on Aug. 28, the establishment of a new joint venture (JV) between Jahez International Company for Information Systems Technology (Jahez) and Al Hilal Club Investment Co. to sell sportswear, Argaam reported.

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