Competition Council rejects Al-Fakharia Company's acquisition of Aquapipe Company 2 Riyadh

The Council seeks economic concentration when studying the process of applying the rules and regulations, achieving the goals, not harming consumers or competitors, and accomplishing fair competition.
The Competition Council is legally independent and enjoys administrative and financial independence, and its membership includes representatives of the Ministry of Finance, the Ministry of Economy and Planning, the Ministry of Commerce and Industry and Saudi Arabian General Investment Authority and four members with expertise in this area.
More information about the Council can be obtained by visiting its site on the Internet (www.coc.gov.sa), and accounts in social media /SaudiCOC.
— SPA
12:09 LOCAL TIME 09:09 GMT