Amid the ongoing regulatory and economic developments in the Kingdom of Saudi Arabia, compliance with the Competition Law and its executive regulations has become one of the key pillars of corporate compliance and governance. The law aims to promote fairness in the marketplace, ensure transparency, and prevent monopolistic practices that may harm consumers or legitimate competition.

The Importance of Compliance with the Law
Implementing the Competition Law contributes to:

– Promoting a business environment based on fairness and equality among enterprises.

– Protecting consumer rights from unfair practices.
– Avoiding legal risks and penalties, which can include substantial financial fines.

– Improving corporate reputation and strengthening trust with regulators and investors.

 Prohibited Practices

   Among the most notable practices prohibited under the law are:

– Agreements or collusion between enterprises that aim to fix prices or divide markets.

– Abuse of a dominant market position.

– Restricting market entry or exit for competitors.

– Unauthorized mergers or acquisitions that may negatively affect market competition.

We encourage clients to take proactive steps to assess their level of compliance with the Competition Law—both to prevent potential violations and to seize opportunities for institutional improvement. Our specialized team provides a range of services, including:

– Preparing and drafting internal Competition Law Compliance Manuals for organizations.

– Reviewing agreements and contracts to ensure they align with the law.

– Representing clients before the General Authority for Competition in cases of complaints or inquiries.

– Providing preventive legal consultations and training programs for employees and legal departments.