Local News
June 2, 2020
Point-of-sale (POS) transactions in Saudi Arabia saw a 33% year-on-year (YoY) drop to around SAR 16.2 billion in April 2020; the lowest since Feb. 2018, figures from the Saudi Arabian Monetary Authority (SAMA) showed. This is the first decline on an annual basis since June 2017. In April, Saudi Arab
Point-of-sale (POS) transactions in Saudi Arabia saw a 33% year-on-year (YoY) drop to around SAR 16.2 billion in April 2020; the lowest since Feb. 2018, figures from the Saudi Arabian Monetary Authority (SAMA) showed. This is the first decline on an annual basis since June 2017. In April, Saudi Arabia continued its precautionary measures to curb the outbreak of the coronavirus pandemic, including partial and complete lockdowns across the Kingdom. Data showed that 121.8 million transactions were processed through nearly 486,200 points-of-sales in shopping malls, retail stores, and pharmacies. (Argaam)
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