GAC says 15 M&A deals unreported in 2022

13/08/2023 Argaam
Logo ofThe General Authority for Competition (GAC)

Logo of The General Authority for Competition (GAC)

The General Authority for Competition (GAC) said 15 merger and acquisition (M&A) deals took place without informing the authority in 2022, with legal measures taken against them.

 

In its annual report for 2022, the authority stated that the information & communications and transformative industries sectors equally topped the list where the unreported deals were monitored.

 

Unreported M&A Deals by Sector in 2022

Sector

Share in Total

Transformative industries

19%

Information & telecommunications

19%

Healthcare & social work activities

8%

Holding companies' activities

8%

Education

8%

Construction

8%

Professional, scientific & technical activities

8%

Financial & insurance activities

8%

Water supply, sanitation activities & waste management & treatment

4%

Transportation & storage

4%

Architectural engineering & related technical advisory services

4%

Management & supervision of municipal activities & services

4%
 

Acquisition deals topped unreported deals by 78%, as shown in the following table:

 

Unreported M&A Deals by Type in 2022

Deal Type

Share in Total

Acquisition

78%

Joint venture

12%

Merger

10%

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.