41.   It noted that one competitor, Mangoosta, folded last August because of the alleged predatory pricing.

42.   On the provision on predatory pricing, Al-Ajmi said the clause even benefits the new players.

43.   Predatory pricing occurs when a company seeks to run rivals out of business by selling its product below cost.

44.   The deregulation law prohibits predatory pricing or the selling of any product at a price unreasonably lower than the industry average cost to attract customers.

45.   The oil deregulation law prohibits predatory pricing which refers to the sale of petroleum products at a price below industry average.