Point-of-sale (POS) transactions in Saudi Arabia rose 6 percent to reach a lifetime high of SAR 18.9 billion in May from SAR 17.7 billion a year earlier, official figures from the Kingdom’s central bank showed.
Data showed that 61 million transactions were processed through nearly 304,000 points-of-sales in shopping malls, mega retail stores, and pharmacies.
Last April, Saudi Arabia’s King Salman restored bonuses and allowances for state employees, scaling back an austerity program that generated criticism among citizens.
|
POS Transactions (SAR bln) |
|||
|
Month |
2016 |
2017 |
Variance |
|
January |
14.70 |
15.75 |
+7% |
|
February |
13.48 |
14.16 |
+5 % |
|
March |
15.36 |
16.31 |
+6 % |
|
April |
14.78 |
16.47 |
+11% |
|
May |
17.72 |
18.86 |
+6% |
|
June |
18.21 |
-- |
-- |
|
July |
13.57 |
-- |
-- |
|
August |
15.32 |
-- |
-- |
|
September |
14.21 |
-- |
-- |
|
October |
14.30 |
-- |
-- |
|
November |
15.29 |
-- |
-- |
|
December |
15.78 |
-- |
-- |
Cash withdrawals decreased by 4 percent year-on-year (YoY) to nearly SAR 65.3 billion across 18,000 ATMs in May.
|
ATM Withdrawals (SAR bln) |
|||
|
Month |
2016 |
2017 |
Variance |
|
January |
62.69 |
61.14 |
(2%) |
|
February |
59.82 |
54.87 |
(8%) |
|
March |
66.16 |
63.38 |
(4%) |
|
April |
61.78 |
60.03 |
(3%) |
|
May |
67.82 |
65.26 |
(4%) |
|
June |
73.06 |
-- |
-- |
|
July |
54.94 |
-- |
-- |
|
August |
65.11 |
-- |
-- |
|
September |
59.26 |
-- |
-- |
|
October |
60.34 |
-- |
-- |
|
November |
59.99 |
-- |
-- |
|
December |
62.49 |
-- |
-- |
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