Saudi Arabia’s Business Activity Soars in March
In a vibrant display of economic vitality, Saudi Arabia approved 18 requests for economic concentration in March, according to official data.
Local and International Deals Shape the Market
Seventeen concentration requests were submitted to the General Authority for Competition, overseeing a surge of cross-border deals. Notable transactions included Health Home’s acquisition of pharmacies, Cigalah Group’s stake in DEEF Pharmaceutical Industries, and Almarai’s acquisition of Etmam Logistics. France’s SIB International also secured a majority stake in Alesayi Electronics.
Strategic Joint Ventures and Mergers
Ajlan and Bros Holding Group partnered with the UK’s Stratasys Solutions Ltd. for 3D printing services, while AXIA Power and FAS Energy collaborated on an electricity project. Heinemann Africa Ltd., Jordanian Duty Free Co., and Arab Catering and Trading Co. joined forces for a venture at King Abdulaziz International Airport.
Continued Expansion and Collaboration
Additional approvals included Amentum Holding LLC’s merger with Amazon Holdco Inc. and Brazil’s Minerva’s acquisition of Marfrig Global Foods. The General Authority for Competition’s efforts in 2023 saw 150 approvals, emphasizing its role in facilitating business growth and partnership.
Regulatory Standards and Market Performance
The authority’s rigorous review process ensures that mergers, acquisitions, and joint ventures comply with Saudi Arabia’s regulations. By combatting monopolistic practices and enhancing market efficiency, the authority boosts confidence in the investment landscape and fosters economic development.