Expat remittances from Saudi Arabia rise 29% to SAR 13.2 bln in September

02/11/2020 Argaam Special


Remittances from expatriates in Saudi Arabia rose by 29% to SAR 13.21 billion in September 2020, compared to the same period last year, according to recent data released by the Saudi Arabian Monetary Authority (SAMA).

 

Remittances from expatriates in Saudi Arabia surged 7% to SAR 835 million in September.

 

 

Remittances by Expatriates (SAR bln)

Variation

2020

2019

Month

(2%)

10.79

11.02

January

+12%

10.84

9.65

February

+9%

12.22

11.26

March

(9%)

9.79

10.72

April

+18%

11.83

9.99

May

+60%

13.96

8.71

June

+33%

15.21

11.46

July

+25%

12.38

9.92

August

+29%

13.21

10.28

September

--

--

11.04

October

--

--

9.91

November

--

--

11.56

December

 
 
Meanwhile, remittances sent by Saudi nationals to other countries fell 11% to SAR 4.02 billion in September.

 

Remittances by Saudi Nationals (SAR bln)

Variation

2020

2019

Month

(20%)

3.90

4.91

January

+2%

4.25

4.18

February

+21%

5.16

4.27

March

(42%)

2.95

5.06

April

(52%)

2.98

6.21

May

+17%

4.11

3.51

June

(29%)

3.83

5.43

July

(11%)

3.49

3.90

August

(11%)

4.02

4.53

September

--

--

5.19

October

--

--

5.95

November

--

--

4.96

December

 
 

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