National Gypsum among 6 firms fined SAR 91.1M for price fixing by GAC

The General Authority for Competition (GAC) imposed penalties of SAR 91.1 million on several establishments operating in the gypsum sector for violating the Competition Law by illegal price fixing.

In a statement on its official X account, the authority said TASI-listed National Gypsum Co. was fined SAR 10.7 million, while Nomu-listed United Mining Industries Co. faced a penalty of SAR 14.4 million.

Other companies were Al-Khayat Gypsum Co., which was fined SAR 23.4 million, Mada Gypsum Co. (SAR 19.9 million), Ask Gypsum Factory Co. (SAR 19 million) and Al Wataniya Gypsum Co. (SAR 3.7 million).

The decision followed an investigation by GAC’s board, which authorized the collection of evidence and conducted the necessary inquiries. After gathering sufficient information, it referred the violations to the Committee for the Resolution of Competition Law Violations, which issued the fines.