Logo of The General Authority for Competition (GAC)
The General Authority for Competition (GAC) received 100 economic concentration applications during the third quarter of 2024, an increase of 12% year-on-year.
In a report issued today, Oct. 15, the authority said economic concentration applications for foreign establishments accounted for the lion’s share (65%) of the total. Meanwhile, those for local establishments represented the remaining 35%.
For more news and details on M&As
GAC issued its no-objection for 60 economic concentration applications. It also granted 28 no-notification-required certificates, and is currently considering 12 applications that are still under study, as shown in the following table:
|
Details of Economic Concentration Applications in Q3 2024 |
|||
|
Application Type |
Q3 2023 |
Q3 2024 |
YoY Change |
|
Under-study |
9 |
12 |
+33% |
|
No-notification required |
39 |
28 |
(28%) |
|
No-objection |
39 |
60 |
+54% |
|
Total |
89 |
100 |
+12% |
The information & telecommunications sector accounted for the majority (23%) of total economic concentration applications in Q3 2024, followed by the manufacturing sector (20%), as shown in the following table:
|
Economic Concentration Applications by Sector |
|
|
Segment |
% to Total |
|
Information & telecommunications |
23% |
|
Manufacturing |
20% |
|
Transportation & storage |
8% |
|
Wholesale, retail trade & reparation of vehicles |
8% |
|
Water supply; sanitation; waste management & treatment |
7% |
|
Healthcare & social work activities |
7% |
|
Other sectors |
27% |
