Competition Council, RCCI Discuss Advertising Market 3 Riyadh

  • 2/5/2023
  • 21:12
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The Secretary General of the Competition Council further said: Penalty of breaching the competition's regulation stipulates a fine not exceeding 10% of the facility's total sales value and that whoever may be incurred whatever damage caused by violation of practices, can apply for compensation before the competent court. During the meeting, members of the RCCI's marketing committee and the Council's Secretary General discussed issues on the sector. Moreover, the Chairman of the Committee and its members stressed the importance of the practice of advertising activity in fair competition environment far from monopolistic practices, contributing to the development of important industry and its promotion in addition to the importance of the clarity of regulations governing the controls the practice of work in this sector with the importance of promoting marketing's tools without prejudice to the principle of fair competition. --SPA 13:09 LOCAL TIME 10:09 GMT www.spa.gov.sa/w

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