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Saudi competition authority fines 3 firms SAR 15m

Saudi competition authority fines 3 firms SAR 15m
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ALDREES
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Riyadh – Mubasher: The Saudi General Authority for Competition (GAC) has fined three companies operating in the petroleum services sector SAR 5 million each for colluding in government competitions relating to public security.

The companies are Aldrees Petroleum and Transport Services Company, NAFT Services Co., and Tas’helat Marketing Company.

The decision was announced on 30 December 2020 by GAC.