Saudi POS transactions up 10% in November

03/01/2018 Argaam Special

Point-of-sale (POS) transactions in Saudi Arabia jumped 10 percent to SAR 16.8 billion in November from SAR 15.3 billion a year earlier, official figures from the Kingdom’s central bank showed.

Data showed that 66 million transactions were processed through nearly 297,000 points-of-sales in shopping malls, mega retail stores, and pharmacies.

POS Transactions (SAR bln)

Month

2016

2017

Variation

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

18.08

(1%)

July

13.57

15.30

+13%

August

15.32

16.91

+10%

September

14.21

15.12

+6%

October

14.30

16.45

+15%

November

15.29

16.84

+10%

December

15.78

--

--


Cash withdrawals declined by 2 percent year-on-year (YoY) to nearly SAR 58.6 billion through 168 million transactions processed across 18,000 ATMs in November. 

ATM Withdrawals (SAR bln)

Month

2016

2017

Variation

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

64.76

(11%)

July

54.94

56.28

+2%

August

65.11

67.72

+4%

September

59.26

51.31

(13%)

October

60.34

61.15

+1%

November

59.99

58.60

(2%)

December

62.49

--

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