Saudi cement firms in central region may slash prices amid robust competition arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
RIYADH: Saudi Arabia’s antitrust authority has penalized 14 cement companies with a collective fine of SR140 million ($37.32 million) for colluding to raise cement prices in the Kingdom. The General Authority for Competition has imposed an SR10 million fine on each of the producers for manipulating the cement prices to benefit themselves, infringing Article 4 of the