The Competition Authority expects a fine of 17 million riyals on 24 facilities that violate the regulations
The Committee for the Senate of Violations of the System Competition , today, Thursday, 15 decisions against a number of facilities for violating the competition system, through collusion and coordination in bidding or government offers, which is prohibited by paragraph (8) of Article Five of the Competition System. Committee’s final adjective decisions." target ="_Blank"> The General Authority for Competition These violations have monitored, based on its tasks and specializations in implementing the competition system, and as an extension of its role in protecting and encouraging fair competition, and combating monopolistic practices. The criminal against the facilities that have proven to be violating the competition system, and the commission has referred The violating installations to the Committee for the Sentence of Competition Violations that issued their decision to fines. It was an implicit mother – if the aim of her or the effect that results in disturbing competition through collusion or coordination in bids or offers in government auctions and competitions or others in a way that violates competition. Supporting the growth and efficiency of markets within a framework of justice and transparency.
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