POS weekly transactions fall to SAR 11.9B: SAMA

14/02/2024 Argaam Special

POS weekly transactions fall to SAR 11.9B: SAMA

POS device


Point-of-sale (POS) transactions in Saudi Arabia totaled approximately SAR 11.87 billion for the week ended Feb. 10, compared to SAR 14.33 billion in the previous week.

 

Data issued by the Saudi Central Bank (SAMA) showed that total POS transactions amounted to around 188.31 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 (%)

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%)

Jan. 21– Jan. 27

178011

11039.9

+4%

Jan. 28- Feb. 3

204897

14327.4

+30%

Feb. 4- Feb. 10

188307

11873.1

(17%)

 
 

During the week, all sectors witnessed a decline, led by the telecommunications sector by 27%. The education and food and beverage (F&B) sectors following with a 25% and 24% decline, respectively.

 

Consumer spending was focused on the F&B sector, totaling SAR 1.86 billion during the week. The restaurants and cafes sector trailed with total POS transactions worth SAR 1.82 billion, as follows:

 

POS Transactions by Sector (SAR mln)

Sector

Value of Transactions in Week Ended Feb. 3

Value of Transactions in Week Ended Feb. 10

Weekly Change (%)

Telecommunications

133.0

97.7

(27%)

Education

191.8

143.3

(25%)

F&B

2460.2

1863.4

(24%)

Transportation

776.9

614.9

(21%)

Clothing & Footwear

863.2

703.5

(19%)

Recreation & Culture

340.0

281.5

(17%)

Miscellaneous Goods & Services

1754.2

1462.2

(17%)

Health

890.8

744.0

(16%)

Public Utilities

128.3

108.8

(15%)

Electronic & Electric Devices

248.3

217.9

(12%)

Furniture

354.7

311.6

(12%)

Gas Stations

894.5

788.5

(12%)

Restaurants & Cafes

2043.1

1817.6

(11%)

Jewelry

254.4

230.2

(9%)

Construction & Building Materials

385.0

349.8

(9%)

Hotels

351.3

336.4

(4%)

Others

2257.5

1801.9

(20%)

Total

14327.4

11873.1

(17%)

 
 

Riyadh led in terms of POS value during the week with approximately SAR 4.05 billion, representing 34.1% of the total. Jeddah came in second with SAR 1.71 billion, as follows:

 

POS Transactions by City (SAR mln)

City

Value of Transactions in Week Ended Feb. 3

Value of Transactions in Week Ended Feb. 10

Weekly Change (%)

Riyadh

4679.1

4049.5

(13%)

Jeddah

1959.1

1713.6

(13%)

Dammam

690.6

597.1

(14%)

Makkah

608.0

524.3

(14%)

Madinah

568.0

477.4

(16%)

Al Khobar

385.6

344.2

(11%)

Buraydah

329.5

274.2

(17%)

Tabuk

300.4

220.1

(27%)

Hail

239.7

181.1

(24%)

Abha

177.9

141.0

(21%)

Other Cities

4389.4

3350.6

(24%)

Total

14327.4

11873.1

(17%)

 

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