Shearman And Sterling

Saudi Arabia

Feb 12, 2020

A Brief on the New Saudi Competition Law and its Implementing Regulations

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The new Competition Law (the “Competition Law”) of the Kingdom of Saudi Arabia (the “Kingdom”) was enacted by Royal Decree M/75 on 29/06/1440 Hijri (corresponding to 6 March 2019) and came into force on 24/01/1441 Hijri (corresponding to 23 September 2019). The Implementing Regulations of the Competition Law (the “Implementing Regulations”) were issued by the Board of Directors (the “GAC Board”) of the General Authority for Competition (“GAC”) and came into force on 25/01/1441 Hijri (corresponding to 24 September 2019). The Competition Law replaced the previous Competition Law enacted by Royal Decree M/25 dated 4/05/1425 Hijri (corresponding to 22 June 2004). This article provides a brief overview of some of the key provisions of the Competition Law and the Implementing Regulations.

Read the article, “A Brief on the New Saudi Competition Law and its Implementing Regulations.”

Authors and Contributors

Marwan Elaraby

Partner

Capital Markets

+971 4 249 2123

+971 4 249 2123

+971 2 410 8123

+971 2 410 8123

+1 212 848 4947

+1 212 848 4947

Dubai

Dr. Sultan Almasoud*

Partner

Mergers & Acquisitions

+966 11 213 7801

+966 11 213 7801

* Partner, The Law Firm of Dr. Sultan Almasoud in association with Shearman & Sterling LLP

* Partner, The Law Firm of Dr. Sultan Almasoud in association with Shearman & Sterling LLP

Riyadh

Matthew Powell

Partner

Mergers & Acquisitions

+971 4 249 2125

+971 4 249 2125

+971 2 410 8125

+971 2 410 8125

Dubai

Brendan Hundt

Counsel

Project Development & Finance

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+966 11 213 7805

+971 2 249 2160

+971 2 249 2160

Riyadh

Practices

Regional Experience