POS weekly transactions down to SAR 10.6B: SAMA

24/01/2024 Argaam Special

POS device


Point-of-sale (POS) transactions in Saudi Arabia totaled approximately SAR 10.61 billion for the week ended Jan. 20, compared to SAR 12.35 billion in the previous week.

Data issued by the Saudi Central Bank (SAMA) showed that total POS transactions amounted to around 172.82 million for the week.

POS transactions represent consumer expenditures through debit and credit cards at major shopping centers, retail outlets, pharmacies, and others.

Weekly POS Transactions

Week

Number of Transactions

(‘000)

Value of Transactions
(SAR mln)

Change (%)

Jan. 15 - Jan. 21, 2023

144,764

9,713.0

(9%)

Jan. 22 – Jan. 28

141,095

10,105.4

+4%

Jan. 29 – Feb. 4

167,916

12,020.5

+19%

Feb. 5 – Feb. 11

160,761

10,912.3

(9%)

Feb. 12 – Feb. 18

152,195

10,347.3

(5%)

Feb. 19 – Feb. 25

147,813

10,399.4

+1%

Feb. 26 – March 4

182,044

14,574.1

+40%

March 5 - March 11

174,654

13,209.3

(9%)

March 12 - March 18

163,255

11,999.2

(9%)

March 19 - March 25

146,312

11,040.4

(8%)

March 26 - April 1

150,207

12,704.2

+15%

April 2 - April 8

153,826

12,580.8

(1%)

April 9 - April 15

156,734

13,039.3

+4%

April 16 - April 22

153,692

12,004.0

(8%)

April 23 - April 29

155,411

10,377.6

(14%)

April 30 - May 6

172,577

11,592.9

+12%

May 7 - May 13

171,464

10,890.2

(6%)

May 14 - May 20

160,857

10,092.0

(7%)

May 21 - May 27

163,445

10,705.0

+6%

May 28 - June 3

188,590

13,815.2

+29%

June 4 - June 10

173,918

11,686.9

(15%)

June 11 - June 17

175,694

11,651.8

(0.3%)

June 18 - June 24

171,662

12,295.7

+6%

June 25 - July 1

177,776

12,123.1

(1%)

July 2 - July 8

166,489

11,189.6

(8%)

July 9 - July 15

171,246

10,919.2

(2%)

July 16 - July 22

159,618

10,120.9

(7%)

July 23 - July 29

173,387

11,917.3

+18%

July 30 – Aug. 5

183,645

12,664.7

+6%

Aug. 6 – Aug. 12

178,956

11,969.1

(5%)

Aug. 13 – Aug. 19

172,775

12,020.6

+0.4%

Aug. 20 – Aug. 26

166,097

11,367.7

(5%)

Aug. 27 – Sept. 2

195,602

13,836.3

+22%

Sept. 3 – Sept. 9

180,155

11,326.9

(18%)

Sept. 10 – Sept. 16

181876

11,186.1

(1%)

Sept. 17 – Sept. 23

173,910

10,869.2

(3%)

Sept. 24 – Sept. 30

191,142

13,624.6

+25%

Oct. 1 – Oct. 7

189,423

12,145.5

(11%)

Oct. 8 – Oct. 14

183,772

11,146.7

(8%)

Oct. 15 – Oct. 21

169,962

10,056.6

(10%)

Oct. 22 – Oct. 28

186,331

12,301.9

+22%

Oct. 29 – Nov. 4

193,290

12,779.8

+4%

Nov. 5 – Nov. 11

185,865

11,500.1

(10%)

Nov. 12 – Nov. 18

180,221

11,271.4

(2%)

Nov. 19 – Nov. 25

171,930

11,247.8

(0.2%)

Nov. 26 – Dec. 2

204,688

14,874.1

+32%

Dec. 3 – Dec. 9

187,765

12,067.1

(19%)

Dec. 10 – Dec. 16

186,657

11,637.5

(4%)

Dec. 17 – Dec. 23

171,770

10,701.7

(8%)

Dec. 24 – Dec. 30

198191

13989.3

+31%

Dec. 31 – Jan. 6, 2024

198013

13393.8

(4%)

Jan. 7– Jan. 13

191673

12347.1

(8%)

Jan. 14– Jan. 20

172823

10607.7

(14%)

During the week, all sectors retreated in terms of transaction value, except for the education sector, which rose 110%.

The clothing and footwear sector topped the list of declining sectors, down 28%, followed by the hotels sector (27%) and the restaurants and cafes sector (21%).

Consumer spending was focused on the food and beverage (F&B) sector, totaling SAR 1.67 billion during the week. The restaurants and cafes sector trailed with total POS transactions worth SAR 1.60 billion, as follows:

POS Transactions by Sector (SAR mln)

Sector

Value of Transactions in Week Ended Jan. 13

Value of Transactions in Week Ended Jan. 20

Weekly Change (%)

Clothing & Footwear

787.4

563.3

(28%)

Hotels

415.0

302.8

(27%)

Restaurants & Cafes

2019.5

1602.4

(21%)

Recreation & Culture

301.1

245.0

(19%)

Furniture

289.4

244.9

(15%)

Miscellaneous Goods & Services

1478.0

1261.3

(15%)

Jewelry

220.4

191.9

(13%)

Gas Stations

832.2

733.8

(12%)

Telecommunications

96.4

85.8

(11%)

Transportation

666.4

597.8

(10%)

Public Utilities

119.3

107.7

(10%)

F&B

1834.5

1665.4

(9%)

Health

751.8

694.4

(8%)

Electronic & Electric Devices

199.7

188.9

(5%)

Construction & Building Materials

347.6

339.8

(2%)

Education

97.4

204.3

+110%

Others

1891.1

1578.0

(17%)

Total

12347.1

10607.7

(14%)

 
 

Riyadh led in terms of POS value during the week with approximately SAR 3.68 billion, representing 34.7% of the total. Jeddah came in second with SAR 1.54 billion, as follows:

POS Transactions by City (SAR mln)

City

Value of Transactions in Week Ended Jan. 13

Value of Transactions in Week Ended Jan. 20

Weekly Change (%)

Riyadh

4103.3

3682.2

(10%)

Jeddah

1824.0

1537.1

(16%)

Dammam

592.6

537.5

(9%)

Makkah

555.6

449.8

(19%)

Madinah

530.8

419.6

(21%)

Al Khobar

357.5

310.1

(13%)

Buraydah

289.1

255.8

(12%)

Tabuk

213.7

190.1

(11%)

Hail

195.8

156.1

(20%)

Abha

131.0

123.7

(6%)

Other Cities

3553.5

2945.7

(17%)

Total

12347.1

10607.7

(14%)


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