Final ruling overturns GAC fine against 2 Electrical Industries subsidiaries

Logo of Electrical Industries Co. (EIC) 

Electrical Industries Co. (EIC) said the Administrative Court of Appeal issued a final ruling on July 7, upholding the Administrative Court’s decision to annul the Committee for Adjudication of Competition Law Violations’ two rulings concerning the fines imposed on two of the company’s subsidiaries.

In a statement to Tadawul today, July 23, the company said it received the official court judgment from the Administrative Court of Appeal via its legal counsel on July 22.

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It also noted that the costs associated with this matter cannot be determined at this stage.

EIC confirmed that the ruling is considered final. However, it remains subject to potential review by the Supreme Administrative Court if any party files an objection within the legally defined period, particularly on grounds of misapplication of the law or a violation of Shariah by the Court of Appeal.

According to data available with Argaam, EIC received in July 2024 a decision from the Committee for Adjudication of Competition Law Violations, which includes imposing a penalty of SAR 26.1 million on two of its subsidiaries for potential violations of the Competition Law.

The Administrative Court in Riyadh ruled to annul paragraphs five and six of the committee’s decision in January 2025, which related to the fine. Subsequently, the General Authority for Competition (GAC) appealed the decision before the Administrative Court of Appeal.