The Competition Council announced that Abdul-Samad Al-Qurashi Shops Company for Oud, Amber and Perfumes (limited liability company) has submitted an application for merging with Abdul-Samad Fadhul Rahman Al-Qurashi Limited Company (limited liability company) and Abdul Samad Al-Qurashi Sons Factory for Oud and Cosmetics Limited Company (limited liability company). The council said in a statement today that Abdul-Samad Al-Qurashi Shops Company for Oud, Amber and Perfumes was founded in 1411 AH, having (100) branches with its major headquarters in Makkah, and the activities of the companies wishing to merge focus on wholesale, retail and manufacturing trade in Oud, amber, oriental perfumes, and aromatic oils. The annual spending on the trade of Oud and oriental perfumes in the Kingdom of Saudi Arabia amounts to nearly six billion riyals. It added that, based on the competition regulation and executive order, and in the cases of economic concentration as in the case of merging of these companies, there shall be advertising in more than one media outlet, evaluating the effects of this merger, maintaining and encouraging fair competition , and inviting concerned people to express their views on the application through submitting their opinions and suggestions and effects resulting from the completion of the economic concentration process on the following link http://www.coc.gov.sa/yahomna, as more information about the Council can be known by visiting the site of the Council on the Internet www.coc.gov.sa, and follow-up its accounts in social media SaudiCOC or communicating via the toll-free number (8004400033).
