04-08-2025
GAC issues 24 economic concentration decisions in July
Saudi Arabia's General Authority for Competition (GAC) issued 24 decisions on economic concentration applications in July, according to a statement.
The July decisions included the establishment of two joint ventures, it added.
Among the approved deals, GAC cleared Al-Futtaim Retail's acquisition of a 49.95% stake in in Fawaz Abdulaziz Alhokair Co. (Cenomi Retail). The authority also approved Saudi Fransi Capital's acquisition of a 19.35% stake in e-payment services provider MyFatoorah.
