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News Saudi Arabian competition regulator fines cement producers US$37m for price fixing

Saudi Arabian competition regulator fines cement producers US$37m for price fixing

Written by Global Cement staff 12 April 2023
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Saudi Arabia: The General Authority for Competition (GAC) has fined 14 local cement producers around US$37m for price fixing. The companies were found to have broken local competition law following an investigation by GAC. They are now each liable for a US$2.7m penalty. The producers concerned are: Al-Safwa Cement; Al-Madina Cement; Umm Al-Qura Cement; Al-Jawf Cement Company; Qassim Cement; Najran Cement; Southern Province Cement; United Industrial Cement; Yamama Cement; Riyadh Cement (Saudi White Cement); Arabian Cement; Saudi Cement; Yanbu Cement; and Hail Cement.

Published in Global Cement News
Tagged under
  • Saudi Arabia
  • General Authority for Competition
  • Competition
  • Fine
  • GCW603
  • Alsafwa Cement
  • Al Madina Cement Company
  • Umm Al Qura Cement
  • Al Jouf
  • Qassim
  • Najran Cement
  • Southern Province Cement
  • Yamama Cement
  • Riyadh Cement
  • Saudi White Cement
  • Arabian Cement
  • Saudi Cement Co
  • Yanbu Cement
  • Hail Cement
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