SR3bn Pepsi deal probed

Updated 05 February 2014

SR3bn Pepsi deal probed

The competition council of the Ministry of Commerce and Industry says the SR3 billion PepsiCo franchise deal by the National Bottling Company, a division of Ahmad Hamad Al-Gosaibi & Brothers, is illegal and violates rules of fair competition and antitrust practices.
The company violated regulations because it did not notify the council or get permission to sign a deal. It also did not consider the negative economic consequences of the agreement, the council said.
The council said it would probe the legality of the deal, which saw Al-Jomaih Bottling & Can Making Plants, also a representative of PepsiCo in the Kingdom, buy the franchise for SR3 billion from Al-Gosaibi.
Article 6 of the country's antitrust laws stipulate that firms merging to become a dominant market player should seek permission from the council 60 days before signing any deal.
The other international agents for Pepsi in the Kingdom are the Saudi Industrial Projects Company and Abdul Hadi Al-Qahtani & Sons.
Statistics released in 2010 by the Gulf Organization for Industrial Consulting (GOIC) said the beverage industry in Gulf states has grown rapidly because of increasing demand for bottled mineral water, juices and soft drinks.
Saudi Arabia hosts more than 50 percent of these companies. Saudi investors make up 77 percent of the SR9 billion in investments in Gulf Cooperation Council (GCC) countries. There are 230 beverage companies operating in the GCC.
The role of the competition council in Saudi Arabia is to protect and encourage fair competition and combat monopolistic practices that could harm the market and consumers.

Abdullah bin Mufreh Al-Dhayabi, president of Tabuk University

Updated 11 December 2019

Abdullah bin Mufreh Al-Dhayabi, president of Tabuk University

  • Al-Dhayabi began his academic career as a lecturer at KAU
  • Al-Dhayabi is a member of the higher committees for female colleges in the Kingdom

RIYADH: Dr. Abdullah bin Mufreh Al-Dhayabi has been the president of Tabuk University since October 2017.

Prior to that, he was the deputy head of educational affairs at King Abdul Aziz University (KAU) in Jeddah, where he served in the position for one year. 

He has also been the chairman of the promotion and job competition committee, as well as the safety committee, at Tabuk University since November 2012. 

Al-Dhayabi began his academic career as a lecturer at KAU, where he received his bachelor’s degree in mathematics from the College of Science. 

He later traveled abroad to pursue his higher education, earning his master’s degree in mathematics from the University of Missouri, US. He obtained his doctorate from the University of Birmingham, UK.

After that, he returned to the Kingdom and joined KAU as an assistant professor. He remained in that position from 2005 to 2010, then served as an associate professor between 2010 and 2014.

Al-Dhayabi is a member of the higher committees for female colleges in the Kingdom and the community colleges higher committee at the Ministry of Higher Education.

He congratulated King Salman on the release of the government’s annual budget for 2020.

“Approximately one-fifth of the budget is allocated to education, which reflects the leadership’s keenness to invest in the human element through education and training ... to open new horizons and job opportunities for Saudi youth and encourage them to invest in the diverse resources in the Kingdom,” Al-Dhayabi said.