Logo of General Authority for Competition (GAC)
The General Authority for Competition (GAC) issued 19 no-objection decisions for economic concentration applications in October, according to a statement.
Acquisition applications dominated the approvals issued in October at 79%, followed by joint ventures (JVs) at 21%.
The approvals issued in October included Arabian Education and Training Group Holding Co.'s acquisition of a 55% stake in Glory Generation International School.
In addition, Events Investment Fund and Union for Exhibitions and Conferences' acquisition of a 49% stake in Informa Saudi Arabia Ltd, and the acquisition of Arabian Education and Training Group of a 37% equity in Al-Alson International School were also approved.
The approvals also included National Medical Care Co.'s (Care) acquisition of Chronic Care Specialized Medical Hospital.
GAC indicated that it has issued non-conditional approvals for 150 transactions and three conditional approvals during the first 10 months of 2023.
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}