Competition Law

1. Without prejudice to the provisions of Article 24 of this Law, any person violating any of the provisions of Articles 5, 6, 7, and 11 of this Law shall be subject to a fine not exceeding 10% of the total value of the annual sales subject of the violation, or a fine not exceeding 10 million riyals if it is not Competition Law feasible to estimate the annual sales. The Committee may, at its discretion, impose a fine not exceeding three times the gains the violator accrues from the commission of the violation. 2. Without prejudice to any harsher penalty provided for by this Law or any other law, or the provisions of paragraph (1) of this Article, any person violating any of the provisions of Article 16 of this Law shall be subject to a fine not exceeding 5% of the value of the annual sales, or a fine not exceeding 5 million riyals if it is not feasible to estimate the annual sales. 3. If the violator repeats the violation, the Committee may double the fine imposed for the first violation. The violator shall be deemed a recidivist if the same violation is committed within three years from the date the decision on the first violation is issued. 4. The decision on violations provided for in this Article shall be published at the expense of the violator in a local newspaper issued in the area where he resides or in any other appropriate media outlet, provided that the judgment or decision is published after becoming final. 5. The Board shall issue a decision specifying the cases where the publication provided for in paragraph (4) of this Article is not mandatory. The Regulations shall provide the necessary rules to be observed.