POS weekly transactions hit highest level: SAMA
POS device
Point-of-sale (POS) transactions in Saudi Arabia totaled approximately SAR 16.21 billion for the week ended March 2, compared to SAR 12.14 billion in the previous week. This is the highest figure since the Saudi Central Bank (SAMA) began issuing its POS report in June 2020.
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The number of POS transactions reached about 212.77 million last week, according to data issued by SAMA.
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 |
Change (%) |
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 |
181,876 |
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 |
198,191 |
13,989.3 |
+31% |
Dec. 31 – Jan. 6, 2024 |
198,013 |
13,393.8 |
(4%) |
Jan. 7– Jan. 13 |
191,673 |
12,347.1 |
(8%) |
Jan. 14– Jan. 20 |
172,823 |
10,607.7 |
(14%) |
Jan. 21– Jan. 27 |
178,011 |
11,039.9 |
+4% |
Jan. 28- Feb. 3 |
204,897 |
14,327.4 |
+30% |
Feb. 4- Feb. 10 |
188,307 |
11,873.1 |
(17%) |
Feb. 11- Feb. 17 |
191,200 |
11,965.4 |
+1% |
Feb. 18- Feb. 24 |
186,346 |
12,137.9 |
+1% |
Feb. 25- March 2 |
212,770 |
16,209.2 |
34%+ |
During the week, all sectors saw an increase in POS except for the education sector, which declined by 2% week-on-week (WoW).
The telecommunications sector led gainers by 58%, followed by the food and beverage (F&B) sector (52%), and clothing and footwear (48%).
Consumer spending was focused on the F&B sector, totaling SAR 2.72 billion during the week. The restaurants and cafes sector trailed with total POS transactions worth SAR 2.24 billion, as follows:
POS Transactions by Sector (SAR mln) |
|||
Sector |
Value of Transactions in Week Ended Feb. 24 |
Value of Transactions in Week Ended March 2 |
Weekly Change (%) |
Telecommunications |
88.7 |
140.0 |
58%+ |
F&B |
1,787.6 |
2,722.0 |
52%+ |
Clothing & Footwear |
798.8 |
1,181.9 |
48%+ |
Miscellaneous Goods & Services |
1,424.2 |
1,948.7 |
37%+ |
Transportation |
617.1 |
824.6 |
34%+ |
Furniture |
363.8 |
480.7 |
32%+ |
Health |
719.5 |
945.2 |
31%+ |
Public Utilities |
78.9 |
103.3 |
31%+ |
Recreation & Culture |
285.9 |
356.1 |
25%+ |
Restaurants & Cafes |
1,843.3 |
2,243.1 |
22%+ |
Jewelry |
239.7 |
287.4 |
20%+ |
Construction & Building Materials |
369.9 |
442.9 |
20%+ |
Gas Stations |
819.7 |
964.9 |
18%+ |
Hotels |
373.5 |
432.2 |
16%+ |
Electronic & Electric Devices |
290.9 |
307.0 |
+6% |
Education |
107.8 |
106.0 |
(2%) |
Others |
1,928.7 |
2,723.3 |
+41% |
Total |
12,137.9 |
16,209.2 |
+34% |
Riyadh led in terms of POS value during the week with approximately SAR 5.24 billion, representing 32.3% of the total. Jeddah came in second with SAR 2.3 billion, as follows:
POS Transactions by City (SAR mln) |
|||
City |
Value of Transactions in Week Ended Feb. 24 |
Value of Transactions in Week Ended March 2 |
Weekly Change (%) |
Riyadh |
4,146.0 |
5,240.4 |
26%+ |
Jeddah |
1,761.3 |
2,303.2 |
31%+ |
Dammam |
598.6 |
754.6 |
26%+ |
Makkah |
527.7 |
676.9 |
28%+ |
Madinah |
498.1 |
658.1 |
32%+ |
Al Khobar |
355.8 |
433.4 |
22%+ |
Buraydah |
295.6 |
386.8 |
31%+ |
Tabuk |
209.9 |
318.4 |
52%+ |
Hail |
185.4 |
275.2 |
48%+ |
Abha |
137.4 |
189.8 |
38%+ |
Other Cities |
3,422.1 |
4,972.4 |
45%+ |
Total |
12,137.9 |
16,209.2 |
34%+ |
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