GAC issues 16 economic concentration decisions in January

04/02/2025 Argaam


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.

 

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.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.