GAC approves Zamil Development Co.’s acquisition of Itqan Capital

RIYADH: Saudi Arabia’s General Authority for Competition on Tuesday announced its approval for Zamil Development Co.’s acquisition of Itqan Capital.

Itqan Capital is a Saudi closed joint-stock company. 

The #General_Authority_for_Competition issued a No Objection Certificate with respect to the completion of the economic concentration transaction between:
ITQAN CAPITAL
ALZAMEL DEVELOPMENT HOLDING pic.twitter.com/V6Ca2i4Me9

— General Authority for Competition (@Saudigac_en) August 9, 2022