GAC issues 16 economic concentration decisions in January

04/02/2025 Argaam
Logo of General Authority for Competition (GAC)

Logo of General Authority for Competition (GAC)

The General Authority for Competition (GAC) issued 16 decisions in January 2025 regarding approval requests for economic concentration applications.

 

These requests included 16 acquisitions, GAC said on X pltform.

 

For more news and details on M&As

 

Among them was Saudi Arabian Mining Co. (Maaden) acquiring 25.1% of the capital of Maaden Bauxite and Alumina Co. (MBAC) and 25.1% of the capital of Maaden Aluminium Co. (MAC).

 

Additionally, the approvals included the merger of The Mediterranean and Gulf Insurance and Reinsurance Co. (MEDGULF) with Buruj Cooperative Insurance Co.

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