The Board of Directors of the General Authority for Competition approved the completion of the economic concentration process between the Saudi Iron and Steel Company – Hadeed and Al Rajhi Steel Industries Company – Al Rajhi Steel.
The authority explained in its account on the X platform. The approval was made after the Council reviewed the request for the Saudi Iron and Steel Company – Hadeed to acquire all shares in Al Rajhi Steel Industries Company – Al Rajhi Steel, and based on the competitive assessment and analysis of the expected effects on competition and taking into account the views of the relevant authorities.
