Logo ofThe General Authority for Competition (GAC)
The General Authority for Competition (GAC) issued 19 decisions on economic concentration requests filed last January.
In a statement on X platform today, Feb. 1, the authority explained that these decisions included an application submitted by Alinma Bank for the planned acquisition of a 50% stake in money transfer company Ersal, as well as an application filed by Filing and Packing Materials Manufacturing Co. (FIPCO) for the buyout of Bina Holding Co.
Moreover, the economic concentration requests also included the acquisition by Al Kuzama Trading Co.of a 30% stake in TwentyFour Cafe Co., as well as Alwallan Trading Co.’s obtaining the right to distribute Mahindra-branded vehicles in the Kingdom.
Logo ofThe General Authority for Competition (GAC)
The General Authority for Competition (GAC) issued 19 decisions on economic concentration requests filed last January.
In a statement on X platform today, Feb. 1, the authority explained that these decisions included an application submitted by Alinma Bank for the planned acquisition of a 50% stake in money transfer company Ersal, as well as an application filed by Filing and Packing Materials Manufacturing Co. (FIPCO) for the buyout of Bina Holding Co.
Moreover, the economic concentration requests also included the acquisition by Al Kuzama Trading Co.of a 30% stake in TwentyFour Cafe Co., as well as Alwallan Trading Co.’s obtaining the right to distribute Mahindra-branded vehicles in the Kingdom.
