SAUDI ARABIA Law and Practice Contributed by: Alex Saleh, Asad Ahmad, Khaled al-Khashab and Shahad Al-Humaidani, GLA & Company
• the GAC may similarly accept information that has been offered voluntarily by other parties; and • the GAC may require any of the economic concentration parties or other parties to provide it with market information to evaluate the effects of the economic concentration on competition. Written Requests A request for information will ordinarily take place by way of a written request for informa - tion addressed to the relevant parties or their representatives. The written request for informa - tion will state the purpose of the request, specify what information is required and specify the time limit within which the information is to be pro - vided. A written request for information may cover all types of information helpful to the case team in assessing the transaction, including, but not limited to: • written responses to specific questions; • data and statistics; • economic studies and market surveys; • the parties’ internal documents such as strategic plans, strategic analyses of cor - porate markets, pricing policies, business plans, marketing plans, long and short-term forecasts, a list of major customers, infor - mation about competitors, marketing and sales reports, sales and bidding data, excess capacities data, production costs; and • any other documents and data that the GAC considers to be necessary for its assessment of the intended economic concentration. Meetings and Interviews The GAC may also gather information by hold - ing meetings and direct interviews with the con -
centration parties or third parties. The GAC may communicate by phone with any of the repre - sentatives or affiliates of the concentration par - ties and request any information required for the review of economic concentrations at any stage of the review process, when necessary. Information that may be sought by way of phone communications or meetings may include the following: • basic or summary information that is required without delay; • verification of specific claims submitted by one of the concentration parties or third par - ties; • identification of specific individuals who can provide evidence; and • any other information that may appropriately be sought in this way. The 90-day regulatory review period may be sus - pended in specific circumstances: • when the GAC requests any information or documents from the applicants, it may suspend the regulatory review period from the date it requests the information or docu - ments to the date the applicant provides the requested information or documents; and • when the GAC finds that the economic concentration parties or their representatives have provided incorrect information or failed to submit any information available to the
GAC within the prescribed period. 3.11 Accelerated Procedure
There is no indication that there is an option for an accelerated procedure under the applicable law or GAC regulations.
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