On 06/8/1441H (corresponding to 30 March 2020), the General Authority for Competition (the Authority) issued the anticipated Merger Control Guidelines (the Guidelines) that aim to provide some clarification and interpretative guidance on merger control related provisions of the Competition Law issued by Royal Decree no. M/75 dated 29/6/1440H (corresponding to 6 March 2019 (the Competition Law) and its Implementing Regulations issued by a resolution of the Board of Directors of the Authority on 25/1/1441H (corresponding…
The Board of Directors of the General Authority for Competition issued the anticipated Implementing Regulations to the new Competition Law issued by Royal Decree no. M/75 dated 29/6/1440H (corresponding to 6 March 2019). The New Law and the New Implementing Regulations became effective on 24 September 2019.
Legal Advisors, Abdulaziz Alajlan & Partners advised Mohamed Yousuf Naghi Motors Company Ltd in relation to the acquisition of all assets from Al Jazirah Vehicles Agencies Company (AJVA) in connection with the Ford and Lincoln distributorship in the western and southern regions of Saudi Arabia; and the negotiation and execution of the distribution arrangements with Ford and Lincoln.
Legal Advisors, Abdulaziz Alajlan & Partners has advised Almarai Company in relation to their acquisition of 100% of Premier Foods from Alamar Foods CJSC for a value of SAR 108 million. The deal was completed and announced on 27 May 2019.
On 5 March 2019, the Council of Ministries approved a new Competition Law (the New Law) which was issued by Royal Decree No. (M/75) dated 6 March 2019 and was published in the Official Gazette on 29 March 2019. It will come into force 180 days following its publication date (i.e. towards the end of September 2019).