The General Authority for Competition (GAC) has authorized legal action against 64 automobile establishments for violating the Competition Law in Saudi Arabia. This decisive move by the Board of Directors reflects the commitment to fair competition and protecting consumer interests. Discover the details of the cases and the board's actions in response to violations within the automobile, education, industry, and other sectors.
The Board of Directors of the General Authority for Competition (GAC) recently approved the filing of charges against 79 establishments accused of violating the Competition Law and its executive regulations. Among these, 64 automobile agents, distributors, and car showrooms are now facing criminal cases for engaging in practices such as price fixing and market division by geographic regions. These actions have resulted in reduced competition and adverse effects on consumer interests.
1. Violations and Offenders: Explore how automobile establishments, including agents, distributors, and showrooms, breached the Competition Law, specifically through agreements on price fixing and market division.
2. Board Decision: Understand the outcomes of the 85th session of the Board of Directors, chaired by Dr. Ahmed bin Abdulkarim Alkholifey. Learn about the initiation of criminal cases against 64 establishments and the consideration of settlement requests from the remaining 15 entities.
3. Sector-Wide Investigations: Delve into the study and investigation results in education, industry, cold/hot drinks and pastries, contracting, waste collection, electronic devices, and cloud restaurant sectors. Discover the board's decisions and actions, including legal measures, dismissals, and settlements.
4. Future Investigations: Highlight the ongoing efforts of the GAC in investigating potential violations in the cloud restaurant sector. Discuss the board's commitment to transparency and corrective measures to be taken.
5. GAC's Role: Emphasize the role of the General Authority for Competition as a government body dedicated to preserving fair competition, combating anti-competitive practices, and promoting transparency.
