GAC nods to Zoujaj-SAGCO economic concentration

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

Logo of The General Authority for Competition (GAC)

The General Authority for Competition (GAC) granted conditional approval for the economic concentration between the National Company for Glass Industries (Zoujaj) and Saudi Arabian Glass Co. Ltd. (SAGCO).

 

GAC received a request for Zoujaj to acquire full ownership of SAGCO. After conducting a competitive assessment and market impact analysis, the authority issued its no-objection decision.

 

Under its approval, GAC imposed some conditions and prerequisites to ensure fair competition and make room for new or expanding businesses.

 

The authority will monitor the company’s post-transaction compliance, assessing adherence for five years.

 

On Nov. 9, 2023, Zoujaj signed a 12-month non-binding memorandum of understanding (MoU) with SAGCO to explore a potential acquisition or merger deal, according to Argaam’s data.

 

In November 2024, Zoujaj extended the MoU until May 8, 2025, pending regulatory approvals.

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