Competition Authority approves the completion of the economic concentration between the two companies, Hadeed and Al Rajhi Steel

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.