On 1 November 2023, the General Authority for Competition of Saudi Arabia (GAC) announced new merger control thresholds.
GAC’s board of directors introduced new requirements for economic concentrations filings with the GAC. This decision follows the previous amendment made on 28 March 2023 when the GAC raised the minimum turnover threshold for merger control filings from SAR 100 million to SAR 200 million.
A merger filing will be required if each of the following thresholds are met:
Importantly, it appears that these three new requirements must be met cumulatively.
This new framework aims to streamline the economic concentration notification process, making it more challenging for businesses to trigger GAC filings, promotes greater ease for the private sector establishments involved in economic concentrations operations, and would enhance the overall appeal of the market. Ultimately, it allows the GAC to focus its attention on transactions that genuinely impact competition within the Kingdom of Saudi Arabia.
Meysan announces the launch of its London office
We are proud to announce the launch of our new office in London. Meysan London will focus on heavyweight commercial and investor-state disputes, with a mission to apply the firm’s international litigation and arbitration know-how to the most complex cross-border cases. It will also serve the interests of corporates, investors, funds, state-owned entities and high-net-worth individuals, all looking to achieve positive results with a trusted partner.
MEYSAN WINS IFLR MIDDLE EAST AWARDS
International Financial Law Review (IFLR) bestowed dual honors on law firm Meysan Partners at its annual IFLR Middle East Awards for 2022, presented in Dubai on October 12.,,..... Read More
MEYSAN PARTNERS ADVISES ON AGILITY’S ACQUISITION OF MENZIES AVIATION
We are pleased to announce that Meysan Partners represented Agility, the sole shareholder of National Aviation Services (“NAS”), on the acquisition of UK-based John Menzies PLC,,..... Read More
MEYSAN PARTNERS ADVISES AL BAYAN MEDICAL COMPANY ON THE ACQUISITION OF A MAJORITY STAKE IN SKY DENTAL
Meysan Partners advised Al Bayan Medical Company K.S.C.C. (“Bayan Dental”) (Closed) in connection with its acquisition of a majority stake in Sky,..... Read More
ABDULLA AL NAJJAR ADVOCATES AND LEGAL CONSULTANTS JOINS MEYSAN PARTNERS
We are excited to announce that Abdulla Al Najjar Advocates and Legal Consultants, a Dubai-based highly regarded and reputable law firm,..... Read More
For press or media related enquiries, please contact:
Meysan Partners regularly produces e-updates on legal developments which might impact your organisation. For more information or to subscribe, please email email@example.com.
Enter your details and set your subscription references: