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The General Authority for Competition (GAC) imposed a fine of SAR 5 million on each of Aldrees Petroleum and Transport Services Co., NAFT and Tas’helat Marketing Co. (Sahl) as they agreed on forming cartels in public security tenders.
GAC said in a statement that it received a complaint from the Public Security department, at the Ministry of Interior, that some firms operating in the petroleum services sector have violated the competition low through forming a cartel to compete for public tenders.
After investigations, these companies were proved to be forming a cartel to vie for the government tenders.
A decision was issued by the Committee for Settlement of Violations of Competition Law on fining these companies, due to violations of the competition law. That decision was upheld by the competent administrative court of appeal, the statement added.
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