RIYADH: The Saudi General Authority for Competition (GAC) is investigating 13 entities for potential breach of the Kingdom’s competition law.
The companies under investigation operate in the contracting, retail and electronic platforms sectors, GAC said in a statement on its Twitter account on Tuesday without elaborating further.
GAC also decided at its latest meeting to consider two requests to settle cases and dismissed 19 complaints due to a lack of evidence.
Cases of suspected collusion in tenders being investigated by GAC rose to 86 in 2021, up from 55 last year and 15 in 2019, Al Arabiya reported last month.
In January, GAC announced sanctions against National Gas Co. and fined it SR3 million ($800,000). In February, GAC fined four pharmaceutical companies SR20 million for engaging in behavior that obstructed the entry of a competitor into the market.
