Saudi Arabia Imposes SR77 Million Fine on Six Contracting Firms for Competition Law Violations

The General Authority for Competition (GAC) has imposed fines totalling over SR77 million on six companies in the contracting sector for breaching the Competition Law.

These firms were found guilty of colluding and coordinating illegally in government bids and tenders, violating both the Competition Law and its executive regulations.

The GAC’s Board of Directors has decided to pursue criminal action against the six companies before the Committee for the Resolution of Competition Law Violations, which has mandated a total fine of SR77.5 million for the infractions.

The GAC clarified that these penalties were enacted in accordance with its responsibilities to safeguard and promote fair competition and to combat monopolistic practices.

This action reflects a commitment to transparency, protecting public interests, and ensuring the rights of affected parties. The authority has conducted investigations and gathered evidence in compliance with the Competition Law and its regulations.

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