GAC fines 13 firms SAR 36.9M for price-fixing

29/12/2025 ِArgaam
Logo ofThe General Authority for Competition (GAC)

Logo of The General Authority for Competition (GAC)

The General Authority for Competition (GAC) imposed fines on 13 companies operating in various sectors for violating the Competition Law by engaging in price-fixing agreements.
 

In a statement, the authority said it referred the violating entities to the Committee for Adjudication of Violations of the Competition Law, except for those that settled the violations.
 

The penalties imposed on those entities for breaching the Competition Law in the sectors in which they operate were due to proven price-fixing agreements, it added.
 

The committee issued five decisions penalizing the violating entities after confirming the violations. The decisions included total financial fines amounting to SAR 36.9 million against the 13 entities. The committee’s decisions have become final and binding.

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.