The Kingdom of Saudi Arabia’s General Authority for Competition (the “GAC”) has been ramping up its merger control activities and recently—at least initially—blocked its first transaction, signaling plans for more active merger enforcement. Although Saudi Arabia’s current merger control regime is relatively nascent, having come into effect under a new Competition Law and Implementing Regulations in late 2019 [1], the GAC nonetheless has made considerable strides in streamlining its merger review procedures and expanding enforcement. This note highlights key recent developments. First Deal Rejection Earlier this month, the GAC announced that it blocked its first deal. The GAC rejected the proposed acquisition of The Chefz, a Saudi-based online food delivery application, by Delivery Hero, a
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The Saudi Arabian Competition Authority announces, following the adoption of the new Merger Review Guidelines, that it has blocked its first deal between two online food-delivery services due to their failure to provide sufficient information to enable the evaluation of the proposed acquisition (Delivery Hero / The Chefz)
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