POS transactions hit SAR 12.02 bln in week ending March 5: SAMA

09/03/2022 Argaam Special

POS device


The point-of-sale (POS) transactions reached SAR 12.02 billion in the week ending March 5, from SAR 9.41 billion in the previous week, recording its highest level in 13 weeks, data issued by the Saudi Central Bank (SAMA) showed.  

   

Data showed that 139.5 million transactions were processed in the week.  

  

POS transactions represent what is spent by consumers using ATM cards and credit cards in shopping malls, retail stores, pharmacies, etc.  

   

The following table shows the weekly development of POS transactions: 

 

Weekly POS Transactions  

Week  

Number of Transactions (’000)  

Value of Transactions
(SAR mln)  

Change in Value  

March 7- 13  

87814

8548.6

(13%)

March 14- 20  

86005

8458.2

(1%)

March 21- 27  

86553

8820.9

+4%

March 28- April 3  

101622

11375.0

+29%

April 4- 10  

96104

10043.1

(12%)

April 11- 17  

81624

8196.8

(18%)

April 18- 24  

72190

7315.1

(11%)

April 25- May 1  

91781

10731.1

+47%

May 2- 8  

94300

10877.5

+1%

May 9- 15  

90900

8621.7

(21%)

May 16- 22  

82211

7054.1

(18%)

May 23- 29  

96535

9168.3

+30%

May 30- June 5  

102397

9499.1

+4%

June 6- 12  

100417

8876.8

(7%)

June 13- 19  

94783

8289.6

(7%)

June 20- 26  

94112

8357.9

+1%

June 27- July 3  

111340

10749.8

+29%

July 4 – 10  

104460

9352.1

(13%)

July 11 – 17  

106481

9528.0

+2%

July 18 – 24  

84706

6123.8

(36%)

July 25 – 31  

106791

9713.3

+59%

Aug. 1- 7  

105714

9020.7

(7%)

Aug. 8-14  

104697

8714.5

(3%)

Aug. 15-21  

96937

8002.2

(8%)

Aug. 22-28  

110497

10539.9

+32%

Aug. 29- Sept. 4  

112375

10196.7

(3%)

Sept. 5-11  

110220

9021.1

(12%)

Sept. 12-18  

104519

8373.1

(7%)

Sept. 19-25  

103627

8852.0

+6%

Sept. 26- Oct. 2  

119137

11027.4

+25%

Oct. 3-9 

113012

9157.7

(17%)

Oct. 10-16 

111255

8679.0

(5%)

Oct. 17-23 

102766

8021.9

(8%)

Oct. 24-30 

118497

10345.0

+29%

Oct. 31- Nov. 6 

118141

10003.1

(3%)

Nov. 7-13 

115481

9173.8

(8%)

Nov. 14-20 

107843

8459.4

(8%)

Nov. 21-27

112231

9418.4

+11%

Nov. 28- Dec. 4

129984

12059.1

+28%

Dec. 5-11

120149

10010.9

(17%)

Dec. 12-18

113088

9048.2

(10%)

Dec. 19- 25

107557

8646.2

(4%)

Dec. 26- Jan. 1, 2022

132018

11839.9

+37%

Jan. 2- Jan. 8

122898

10226.8

(14%)

Jan. 9-15

120676

9505.0

(7%)

Jan. 16-22

111506

8774.0

(8%)

Jan. 23-29

125208

10448.9

+19%

Jan. 30- Feb. 5

129020

10548.4

+1%

Feb. 6-12

122877

9326.16

(12%)

Feb. 13-19

118885

8819.07

(5%)

Feb. 20-26

120587

9407.79

+7%

Feb. 27-March 5

139521

12018.03

+28%

 

 

All sectors witnessed a hike in POS transactions during the week, except for hotels, which fell by 8%.

 

The education sector increased the most at 210%, followed by telecommunications and food & beverages with a rise of 49% and 40%, respectively.

 

Consumer spending focused on the food & beverages sector in the week, with nearly SAR 2 billion, representing 17% of total sales, followed by the restaurants & cafes sector with SAR 1.6 billion.  

 

The following table gives details of consumer spending in each sector:

 

POS Transactions by Sector (SAR mln)

Segment

Transaction Value Week Ending Feb. 26

Transaction Value Week Ending March 5

Weekly Change

Education

50.8

157.3

+ 210 %

Telecommunications

79.7

118.9

+ 49 %

Food & Beverages

1426.6

1995.5

+ 40 %

Recreation & Culture

249.0

338.4

+ 36 %

Clothes & Footwear

628.0

850.9

+ 35 %

Miscellaneous Goods & Services

947.1

1281.9

+ 35 %

Public Utilities

65.3

86.0

+ 32 %

Healthcare

669.1

872.4

+ 30 %

Transport

483.8

625.7

+ 29 %

Construction Materials

354.0

431.1

+ 22 %

Electronics & Electric Appliances

257.2

305.4

+ 19 %

Jewelry

183.9

216.0

+ 17 %

Fuel Stations

622.3

722.7

+ 16 %

Furniture

353.7

408.8

+ 16 %

Restaurants & Cafes

1465.1

1602.7

+ 9 %

Hotels

237.4

217.7

(8%)

Other

1334.8

1786.7

+ 34 %

Total

9407.8

12018.0

+ 28 %

 

 

Riyadh topped the POS transactions by cities in terms of value, with nearly SAR 3.7 billion, representing 31% of the total sales. Jeddah came second with SAR 1.83 billion.

 

POS Transactions by City (SAR mln)

City

Transaction Value Week Ending Feb. 26

Transaction Value Week Ending March 5

Weekly Change

Riyadh

2995.7

3668.0

+ 22 %

Jeddah

1518.9

1826.2

+ 20 %

Dammam

502.7

646.9

+ 29 %

Madinah

349.5

453.6

+ 30 %

Makkah

349.0

439.1

+ 26 %

Al Khobar

315.8

368.2

+ 17 %

Buraydah

233.1

290.9

+ 25 %

Tabuk

161.9

244.8

+ 51 %

Hail

145.5

206.3

+ 42 %

Abha

123.2

162.9

+ 32 %

Other Cities

2712.6

3711.0

+ 37 %

Total

9407.8

12018.0

+ 28 %

 

  

 

Details and historical data of consumer spending 

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