RIYADH — The Board of Directors of the General Authority for Competition (GAC) has granted permission to prosecute 79 establishments for violating the Competition Law and its enforcement provisions. The board decided to file criminal proceedings against 64 businesses and consider settlement claims from the remaining 15 businesses.
Violators include auto distributors, dealerships, and auto showrooms that have engaged in violations such as price-fixing agreements and market segmentation based on geographic region, which reduce competition and harm consumers. profits were affected.
GAC’s 85th Board of Directors meeting was chaired by Dr. Ahmed bin Abdulkarim Al-Khorifei, Chairman of the Board, on Wednesday. The Board considered the results of investigations and investigations in the educational and industrial sectors and approved the assignment of six institutions to take the necessary measures, rectify their status and comply with competition law and its enforcement regulations. . They must also undertake not to breach competition law provisions and contractual enforcement rules.
The Board decided to consider the results of the investigation and investigation into two establishments operating in the cold drinks, hot drinks and pastries serving sectors, and to consider the settlement claims filed by these companies. It also considered the results of the investigation and investigation into 10 establishments operating in the field of contracting and decided to dismiss the proceedings against these establishments on the ground of lack of jurisdiction and took necessary action in accordance with their jurisdiction. It has been decided to refer to the competent authorities for completion.
The Commission also considered the results of the investigation and investigation with the business operating the waste collection and transportation sector and decided to close the case as no violation of the Competition Law and its enforcement regulations was found. Decided. The results of the investigation and investigation were also reviewed by five establishments operating in the retail sales and electronics sectors, and as no violations of the Competition Law and its enforcement regulations were found, it was decided to close the case.
The Board will take steps to investigate, gather evidence and investigate possible violations of any provisions of the Competition Law and its enforcement regulations by establishments operating in the cloud restaurant sector and their associated entities. Agreed. The Board of Directors shall consider the progress of the procedures relating to settlements with establishments operating in the automotive sector and, based on this, the members of the Executive Committee shall have the authority to accept settlements with such establishments and amend their contents. I gave the delegation to the chief. To reinforce the principle of transparency, we will announce the settlement to the public once it has been approved.
It is worth noting that GAC is a government agency charged with protecting and promoting justice. competition Combating anti-competitive and monopolistic practices.
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