Saudi: Charges Filed Against 64 Automobile Companies For Violating Competition Law
The Board of Directors of the General Authority for Competition (GAC) has given the go-ahead to file charges against 79 establishments for violating the Competition Law and its executive regulations. The board decided to initiate criminal cases against 64 establishments and study settlement requests from the remaining 15 entities.
The violators included automobile agents, distributors, and car showrooms for violations such as agreeing to fix prices and dividing markets according to geographic regions among others, which led to reducing competition and affecting the interests of consumers.
The 85th session of the Board of Directors of GAC was chaired on Wednesday by Dr. Ahmed bin Abdulkarim Alkholifey, chairman of the board. The board reviewed the results of the study and investigation in the education and industry sectors and approved taking the necessary measures against six establishments and assigning them to correct their status and adhere to the Competition Law and its executive regulations. They also need to give an undertaking not to violate the provisions of the Competition Law and its executive regulations in their contracts.
It also reviewed the results of the study and investigation with 10 establishments operating in the field of contracting and decided to dismiss the cases against them for lack of jurisdiction and referred to the competent authority to complete what is necessary according to its jurisdiction.
The results of the study and investigation were also reviewed with five establishments operating in the retail sales and electronic devices sector, and it decided to close the case after it was not found to violate the Competition Law and its executive regulations.
